Dec, 31, 2023 — CAPITAL AREA FEDERAL CREDIT UNION is a federal credit union headquartered in AUGUSTA, ME with 1 branch location and about $63.23 million in total assets. Opened 70 years ago in 1954, CAPITAL AREA FEDERAL CREDIT UNION has about 3,980 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CAPITAL AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 2010 N Belfast ave AUGUSTA, ME 04330 |
Phone: | (207) 622-3442 |
Fax: | (207) 623-4133 |
Website: | https://www.capitalareafcu.org |
Branches: | 1 branch locations |
Members: | 3,980 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9919 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,226,247 |
CEO/Manager: | Diana Winkley |
Chairperson: | Thomas Doore |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,857,561 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,706,485 |
Unsecured Loans | 2,429,847 |
Other Loans | 28,502,991 |
TOTAL LOANS | 53,639,323 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -414,681 |
Land And Building | 541,374 |
Other Fixed Assets | 20,365 |
NCUSIF Deposit | 511,597 |
All Other Assets | 122,904 |
TOTAL ASSETS | 63,226,247 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,192,066 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,090,070 |
Regular shares | 25,010,717 |
All Other Shares & Deposits | 18,172,968 |
TOTAL SHARES & DEPOSITS | 52,273,756 |
TOTAL LIABILITIES | 53,465,822 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 9,760,425 |
TOTAL EQUITY | 9,760,425 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,226,247 |
INCOME & EXPENSE | |
Loan Income | 2,742,069 |
Investment Income | 441,813 |
Other Income | 592,375 |
Total Employee Compensation & Benefits | 887,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,200,275 |
Non-operating Income & (Expense) | 44,249 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,331 |
Cost of Funds | 489,856 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,140,525 |
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