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CUMBERLAND COUNTY FEDERAL CREDIT UNION

Dec, 31, 2023 — CUMBERLAND COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in FALMOUTH, ME with 7 branch locations and about $426.24 million in total assets. Opened 70 years ago in 1954, CUMBERLAND COUNTY FEDERAL CREDIT UNION has about 22,059 members and employs 62 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: 211287696
Name:CUMBERLAND COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
101 Gray Rd
FALMOUTH, ME 04105
Phone:(207) 878-3441
Fax:(207) 878-5327
Website:https://www.myccfcu.com
Branches:7 branch locations
Members:22,059
Credit Union Type:Federal Credit Union
Charter Number:9500
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$426,235,385
CEO/Manager:Scott Harriman
Chairperson:Jerry Caruso

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,993,093
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 136,556,176
 Unsecured Loans 10,821,835
 Other Loans 90,539,044
 TOTAL LOANS 237,917,055
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,704,920
 Land And Building 8,186,683
 Other Fixed Assets 460,930
 NCUSIF Deposit 3,669,669
 All Other Assets 0
  TOTAL ASSETS 426,235,385
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,070,387
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 53,670,531
 Regular shares 106,210,097
 All Other Shares & Deposits 224,013,863
  TOTAL SHARES & DEPOSITS 383,894,491
  TOTAL LIABILITIES 387,009,838
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 39,225,547
  TOTAL EQUITY 39,225,547
  TOTAL LIABILITIES, SHARES, & EQUITY 426,235,385
INCOME & EXPENSE  
 Loan Income 11,340,345
 Investment Income 3,524,100
 Other Income 1,234,656
 Total Employee Compensation & Benefits 5,662,331
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,953,815
 Non-operating Income & (Expense) 100,248
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 420,000
 Cost of Funds 5,751,103
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,178,224
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