BANGOR Credit Union Profile

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BANGOR

Charter #10939 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (207) 947-0374

Fax: (207) 990-0759

Founding Date: N/A

Website: http://www.bangorfederal.com

Personnel & Operations

President: Welch, Robert

Manager: Closson, Basil

FT Employees: 43

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 66

Branches: 4

Hours: M - F 7:30 am - 5:00 pm Sat - 9:00 am -

Credit Union Profile Summary

BANGOR is a FCU Credit Union. With a total of 15,757 members [1], this institution manages approximately $277,617,326 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 8.18% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 3.66% [1].

Financial Snapshot

Total Assets [1]
$277,617,326

Total economic resources.

Total Loans [1]
$177,254,839

Total value of outstanding loans.

Total Deposits [1]
$254,394,885

Total funds deposited by members.

Members [1]
15,757

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.18%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.76%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
69.68%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 10.90%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 3.66%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 1.05%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

339 Hogan Rd

Bangor, ME, 04401-4205
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 4 branches reported by BANGOR (Charter #10939).

Main Office

Hogan Road Main Office

Type: Corporate Office

339 Hogan Rd

Bangor, ME 04401-4205

Phone: (207) 947-0374

Services: Member Services, Drive-Thru

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Additional Branches

Bangor

Venture Way

Type: Branch Office

10 Venture Way

Bangor, ME 04401

Phone: (207) 947-0374

Services: Member Services, ATM, Drive-Thru

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Brewer

Brewer

Type: Branch Office

6 Dirigo Dr

Brewer, ME 04412-1662

Phone: (207) 989-0520

Services: Member Services, ATM, Drive-Thru

Open in Directions

Ellsworth

Ellsworth

Type: Branch Office

175 High St Ste 7

Ellsworth, ME 04605-1730

Phone: (207) 947-0374

Services: Member Services, ATM, Drive-Thru

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