Sep, 30, 2025 — SEA COMM FEDERAL CREDIT UNION is a federal credit union headquartered in MASSENA, NY with 9 branch locations and about $747.18 million in total assets. Opened 63 years ago in 1963, SEA COMM FEDERAL CREDIT UNION has about 56,241 members and employs 133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEA COMM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 Stearns St MASSENA, NY 13662-2310 |
| Phone: | (315) 764-0566 |
| Fax: | (315) 764-0152 |
| Website: | https://www.seacomm.org |
| Branches: | 9 branch locations |
| Members: | 56,241 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15672 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $747,181,176 |
| CEO/Manager: | Scott A Wilson |
| Chairperson: | Myron F Burns |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,551,752 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 199,835,994 |
| Unsecured Loans | 39,430,889 |
| Other Loans | 193,121,841 |
| TOTAL LOANS | 433,695,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,219,926 |
| Land And Building | 19,402,613 |
| Other Fixed Assets | 1,967,977 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,285,300 |
| All Other Assets | 22,864 |
| TOTAL ASSETS | 747,181,176 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 149,871 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 5,974,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 127,058,722 |
| Regular shares | 183,446,904 |
| All Other Shares & Deposits | 310,093,912 |
| TOTAL SHARES & DEPOSITS | 620,599,538 |
| TOTAL LIABILITIES | 646,724,372 |
| Regular Reserve | 0 |
| Other Reserves | -30,755,375 |
| Undivided Earnings | 131,212,179 |
| TOTAL EQUITY | 100,456,804 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 747,181,176 |
| INCOME & EXPENSE | |
| Loan Income | 20,059,369 |
| Investment Income | 6,954,448 |
| Other Income | 3,368,501 |
| Total Employee Compensation & Benefits | 8,425,388 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,502,232 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,025,000 |
| Cost of Funds | 5,426,965 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,840,391 |
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