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National Credit Union Service Organization

KATAHDIN FEDERAL CREDIT UNION

Dec, 31, 2023 — KATAHDIN FEDERAL CREDIT UNION is a federal credit union headquartered in MILLINOCKET, ME with 2 branch locations and about $95.44 million in total assets. Opened 70 years ago in 1954, KATAHDIN FEDERAL CREDIT UNION has about 7,997 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:KATAHDIN FEDERAL CREDIT UNION
Address:
(Main Office)
1000 Central St
MILLINOCKET, ME 04462-2101
Phone:(207) 723-9718
Fax:(207) 723-8426
Website:https://www.katahdinfcu.org
Branches:2 branch locations
Members:7,997
Credit Union Type:Federal Credit Union
Charter Number:9348
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$95,443,961
CEO/Manager:Tina Jamo
Chairperson:Rodney Daigle

Call Report

  • Credit Builder
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,292,919
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 28,588,336
 Unsecured Loans 6,012,664
 Other Loans 35,898,886
 TOTAL LOANS 70,578,952
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -307,956
 Land And Building 290,555
 Other Fixed Assets 27,186
 NCUSIF Deposit 793,395
 All Other Assets 11,500
  TOTAL ASSETS 95,443,961
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 462,084
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,477,553
 Regular shares 44,027,785
 All Other Shares & Deposits 20,085,049
  TOTAL SHARES & DEPOSITS 80,590,387
  TOTAL LIABILITIES 81,052,471
 Regular Reserve 0
 Other Reserves -493,834
 Undivided Earnings 14,885,324
  TOTAL EQUITY 14,391,490
  TOTAL LIABILITIES, SHARES, & EQUITY 95,443,961
INCOME & EXPENSE  
 Loan Income 4,012,346
 Investment Income 541,814
 Other Income 678,413
 Total Employee Compensation & Benefits 1,691,471
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,903,553
 Non-operating Income & (Expense) 978,301
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 89,044
 Cost of Funds 505,474
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,220,868
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