Dec, 31, 2023 — LEWISTON MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 1 branch location and about $29.07 million in total assets. Opened 80 years ago in 1944, LEWISTON MUNICIPAL FEDERAL CREDIT UNION has about 1,779 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LEWISTON MUNICIPAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 291 Pine St LEWISTON, ME 04240 |
Phone: | (207) 783-3991 |
Fax: | (207) 783-4178 |
Website: | https://milestonesfcu.com/ |
Branches: | 1 branch locations |
Members: | 1,779 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5144 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1944 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,068,579 |
CEO/Manager: | Amanda Piper |
Chairperson: | Joseph Grube |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,383,048 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,269,145 |
Unsecured Loans | 699,980 |
Other Loans | 6,404,748 |
TOTAL LOANS | 20,495,114 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,061 |
Land And Building | 553,811 |
Other Fixed Assets | 40,129 |
NCUSIF Deposit | 238,831 |
All Other Assets | 0 |
TOTAL ASSETS | 29,068,579 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 137,827 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,633,572 |
Regular shares | 12,952,207 |
All Other Shares & Deposits | 8,925,511 |
TOTAL SHARES & DEPOSITS | 25,511,290 |
TOTAL LIABILITIES | 25,649,117 |
Regular Reserve | 0 |
Other Reserves | 950,000 |
Undivided Earnings | 2,469,462 |
TOTAL EQUITY | 3,419,462 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,068,579 |
INCOME & EXPENSE | |
Loan Income | 1,009,410 |
Investment Income | 288,992 |
Other Income | 104,120 |
Total Employee Compensation & Benefits | 558,412 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 476,500 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,920 |
Cost of Funds | 215,209 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 266,772 |
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