Dec, 31, 2023 — CPORT CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, ME with 5 branch locations and about $408.67 million in total assets. Opened 93 years ago in 1931, CPORT CREDIT UNION has about 32,464 members and employs 115 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CPORT CREDIT UNION |
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Address: (Main Office) | 50 Riverside Industrial Pkwy PORTLAND, ME 04103 |
Phone: | (207) 878-6200 |
Fax: | (207) 878-6212 |
Website: | https://www.cportcu.org |
Branches: | 5 branch locations |
Members: | 32,464 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63828 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $408,669,215 |
CEO/Manager: | Eugene Ardito |
Chairperson: | Scott Paquet |
ASSETS: | $ Amount |
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Cash & Equivalents | 58,593,198 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 206,544,899 |
Unsecured Loans | 20,202,899 |
Other Loans | 77,921,545 |
TOTAL LOANS | 304,669,343 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,754,392 |
Land And Building | 10,423,731 |
Other Fixed Assets | 1,553,246 |
NCUSIF Deposit | 3,564,118 |
All Other Assets | 300,345 |
TOTAL ASSETS | 408,669,215 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,706,148 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 89,940,062 |
Regular shares | 127,498,326 |
All Other Shares & Deposits | 147,849,406 |
TOTAL SHARES & DEPOSITS | 365,287,794 |
TOTAL LIABILITIES | 369,993,942 |
Regular Reserve | 0 |
Other Reserves | -1,857,190 |
Undivided Earnings | 40,532,463 |
TOTAL EQUITY | 38,675,273 |
TOTAL LIABILITIES, SHARES, & EQUITY | 408,669,215 |
INCOME & EXPENSE | |
Loan Income | 15,943,737 |
Investment Income | 2,945,963 |
Other Income | 6,431,486 |
Total Employee Compensation & Benefits | 9,267,139 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,613,522 |
Non-operating Income & (Expense) | 44,516 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,200,607 |
Cost of Funds | 4,248,826 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,478,502 |
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