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ATLANTIC REGIONAL FEDERAL CREDIT UNION

Dec, 31, 2023 — ATLANTIC REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH PORTLAND, ME with 10 branch locations and about $1.14 billion in total assets. Opened 83 years ago in 1941, ATLANTIC REGIONAL FEDERAL CREDIT UNION has about 48,786 members and employs 191 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211287560
Name:ATLANTIC REGIONAL FEDERAL CREDIT UNION
Address:
(Main Office)
600 Sable Oaks Dr Ste 100
SOUTH PORTLAND, ME 04106-3292
Phone:(800) 834-0432
Fax:
Website:https://atlanticfcu.com
Branches:10 branch locations
Members:48,786
Credit Union Type:Federal Credit Union
Charter Number:4281
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1941
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,144,895,054
CEO/Manager:Scott Chretien
Chairperson:Thomas Perkins

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 114,487,440
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 518,297,581
 Unsecured Loans 31,485,669
 Other Loans 212,823,902
 TOTAL LOANS 770,793,021
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,133,530
 Land And Building 39,094,356
 Other Fixed Assets 2,456,085
 NCUSIF Deposit 8,610,996
 All Other Assets 0
  TOTAL ASSETS 1,144,895,054
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 120,000,000
 Accounts Payable & Other Liabilities 10,066,848
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 245,358,797
 Regular shares 308,512,858
 All Other Shares & Deposits 369,729,724
  TOTAL SHARES & DEPOSITS 923,601,379
  TOTAL LIABILITIES 1,053,668,227
 Regular Reserve 0
 Other Reserves 16,016,193
 Undivided Earnings 75,210,634
  TOTAL EQUITY 91,226,827
  TOTAL LIABILITIES, SHARES, & EQUITY 1,144,895,054
INCOME & EXPENSE  
 Loan Income 37,581,909
 Investment Income 7,763,885
 Other Income 5,290,013
 Total Employee Compensation & Benefits 18,675,975
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,411,795
 Non-operating Income & (Expense) -18,988
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,524,000
 Cost of Funds 17,143,839
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,059,183
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