Dec, 31, 2023 — CHANGING SEASONS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPDEN, ME with 1 branch location and about $28.12 million in total assets. Opened 58 years ago in 1966, CHANGING SEASONS FEDERAL CREDIT UNION has about 2,101 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHANGING SEASONS FEDERAL CREDIT UNION |
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Address: (Main Office) | 115 Mecaw Rd HAMPDEN, ME 04444-1944 |
Phone: | (207) 945-6264 |
Fax: | (207) 517-6850 |
Website: | https://www.changingseasonsfcu.com |
Branches: | 1 branch locations |
Members: | 2,101 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17472 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,122,587 |
CEO/Manager: | Rob S Picard |
Chairperson: | Elizabeth H Kotredes |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,042,837 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,595,321 |
Unsecured Loans | 1,955,588 |
Other Loans | 11,621,839 |
TOTAL LOANS | 24,172,749 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -194,506 |
Land And Building | 639,121 |
Other Fixed Assets | 87,963 |
NCUSIF Deposit | 261,983 |
All Other Assets | 39,000 |
TOTAL ASSETS | 28,122,587 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 99,873 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,847,505 |
Regular shares | 10,515,803 |
All Other Shares & Deposits | 11,759,960 |
TOTAL SHARES & DEPOSITS | 26,123,268 |
TOTAL LIABILITIES | 26,223,141 |
Regular Reserve | 0 |
Other Reserves | 319,332 |
Undivided Earnings | 1,580,114 |
TOTAL EQUITY | 1,899,446 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,122,587 |
INCOME & EXPENSE | |
Loan Income | 1,476,115 |
Investment Income | 62,575 |
Other Income | 168,425 |
Total Employee Compensation & Benefits | 617,156 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,013,727 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
Cost of Funds | 156,448 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 956 |
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