Dec, 31, 2023 — MAINE FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 2 branch locations and about $241.52 million in total assets. Opened 86 years ago in 1938, MAINE FAMILY FEDERAL CREDIT UNION has about 18,262 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAINE FAMILY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 555 Sabattus St LEWISTON, ME 04240 |
| Phone: | (207) 783-2071 |
| Fax: | (207) 795-0106 |
| Website: | https://www.mainefamilyfcu.com |
| Branches: | 2 branch locations |
| Members: | 18,262 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2644 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $241,518,284 |
| CEO/Manager: | Daniel A Clarke |
| Chairperson: | Natalie Williamson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,036,468 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,934,215 |
| Unsecured Loans | 9,539,195 |
| Other Loans | 47,130,404 |
| TOTAL LOANS | 108,603,813 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -355,600 |
| Land And Building | 4,907,605 |
| Other Fixed Assets | 685,572 |
| NCUSIF Deposit | 2,262,933 |
| All Other Assets | 0 |
| TOTAL ASSETS | 241,518,284 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 384,202 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,300,106 |
| Regular shares | 96,517,612 |
| All Other Shares & Deposits | 83,860,608 |
| TOTAL SHARES & DEPOSITS | 219,678,325 |
| TOTAL LIABILITIES | 220,074,627 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 21,443,657 |
| TOTAL EQUITY | 21,443,657 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 241,518,284 |
| INCOME & EXPENSE | |
| Loan Income | 4,648,521 |
| Investment Income | 2,651,733 |
| Other Income | 924,608 |
| Total Employee Compensation & Benefits | 3,097,493 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,987,626 |
| Non-operating Income & (Expense) | -10,618 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,500 |
| Cost of Funds | 2,195,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 892,143 |
| ↑ Back to Top | |