Dec, 31, 2023 — SACO VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SACO, ME with 3 branch locations and about $171.42 million in total assets. Opened 77 years ago in 1947, SACO VALLEY CREDIT UNION has about 9,125 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SACO VALLEY CREDIT UNION |
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Address: (Main Office) | 312 Main St SACO, ME 04072-1515 |
Phone: | (207) 282-6169 |
Fax: | (207) 282-1601 |
Website: | https://www.sacovalley.org |
Branches: | 3 branch locations |
Members: | 9,125 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68324 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $171,420,488 |
CEO/Manager: | Kevin P Partridge |
Chairperson: | Timothy J Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,315,771 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 110,963,200 |
Unsecured Loans | 3,285,794 |
Other Loans | 31,378,849 |
TOTAL LOANS | 145,627,843 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -517,681 |
Land And Building | 3,870,355 |
Other Fixed Assets | 488,824 |
NCUSIF Deposit | 1,402,845 |
All Other Assets | 27,125 |
TOTAL ASSETS | 171,420,488 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 146,387 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,587,773 |
Regular shares | 46,647,810 |
All Other Shares & Deposits | 84,774,252 |
TOTAL SHARES & DEPOSITS | 154,009,835 |
TOTAL LIABILITIES | 154,156,222 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 17,264,266 |
TOTAL EQUITY | 17,264,266 |
TOTAL LIABILITIES, SHARES, & EQUITY | 171,420,488 |
INCOME & EXPENSE | |
Loan Income | 6,096,668 |
Investment Income | 857,413 |
Other Income | 293,342 |
Total Employee Compensation & Benefits | 2,303,880 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,386,671 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,000 |
Cost of Funds | 1,850,665 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,542,298 |
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