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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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