Dec, 31, 2023 — OXFORD FEDERAL CREDIT UNION is a federal credit union headquartered in MEXICO, ME with 2 branch locations and about $309.82 million in total assets. Opened 86 years ago in 1938, OXFORD FEDERAL CREDIT UNION has about 19,237 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OXFORD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 RIVER RD MEXICO, ME 04257 |
| Phone: | (207) 369-9976 |
| Fax: | (207) 364-8962 |
| Website: | https://www.ofcu.org |
| Branches: | 2 branch locations |
| Members: | 19,237 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2645 |
|---|---|
| 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: | $309,823,972 |
| CEO/Manager: | Joann Bisson |
| Chairperson: | David Leclerc |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,438,861 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 106,147,486 |
| Unsecured Loans | 16,847,854 |
| Other Loans | 89,826,968 |
| TOTAL LOANS | 212,831,481 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,446,176 |
| Land And Building | 1,988,886 |
| Other Fixed Assets | 345,832 |
| NCUSIF Deposit | 2,494,140 |
| All Other Assets | 87,140 |
| TOTAL ASSETS | 309,823,972 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,319,219 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,282,549 |
| Regular shares | 85,619,235 |
| All Other Shares & Deposits | 140,599,984 |
| TOTAL SHARES & DEPOSITS | 261,501,768 |
| TOTAL LIABILITIES | 263,820,987 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 46,002,985 |
| TOTAL EQUITY | 46,002,985 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 309,823,972 |
| INCOME & EXPENSE | |
| Loan Income | 10,781,769 |
| Investment Income | 3,443,131 |
| Other Income | 1,290,536 |
| Total Employee Compensation & Benefits | 4,171,164 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,178,617 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,056,246 |
| Cost of Funds | 3,955,326 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,060,458 |
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