Dec, 31, 2023 — NEW DIMENSIONS FEDERAL CREDIT UNION is a federal credit union headquartered in WATERVILLE, ME with 5 branch locations and about $212.83 million in total assets. Opened 68 years ago in 1956, NEW DIMENSIONS FEDERAL CREDIT UNION has about 17,177 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEW DIMENSIONS FEDERAL CREDIT UNION |
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Address: (Main Office) | 94 Silver St WATERVILLE, ME 04901 |
Phone: | (207) 872-2771 |
Fax: | |
Website: | https://newdimensionsfcu.com |
Branches: | 5 branch locations |
Members: | 17,177 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11253 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $212,828,099 |
CEO/Manager: | Ryan G Poulin |
Chairperson: | Jerome Allen |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,470,285 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 80,638,308 |
Unsecured Loans | 8,214,750 |
Other Loans | 81,995,596 |
TOTAL LOANS | 170,848,654 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,130,351 |
Land And Building | 6,650,720 |
Other Fixed Assets | 411,070 |
NCUSIF Deposit | 1,804,670 |
All Other Assets | 0 |
TOTAL ASSETS | 212,828,099 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 261,636 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,677,785 |
Regular shares | 74,795,242 |
All Other Shares & Deposits | 76,713,189 |
TOTAL SHARES & DEPOSITS | 181,186,216 |
TOTAL LIABILITIES | 196,466,685 |
Regular Reserve | 0 |
Other Reserves | 3,815,314 |
Undivided Earnings | 12,546,100 |
TOTAL EQUITY | 16,361,414 |
TOTAL LIABILITIES, SHARES, & EQUITY | 212,828,099 |
INCOME & EXPENSE | |
Loan Income | 10,037,054 |
Investment Income | 516,614 |
Other Income | 1,412,579 |
Total Employee Compensation & Benefits | 5,494,796 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,996,921 |
Non-operating Income & (Expense) | -3,400 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 658,359 |
Cost of Funds | 2,384,629 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 384,187 |
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