Credit Unions Near Me
National Credit Union Service Organization

SEA COMM FEDERAL CREDIT UNION

Mar, 31, 2021 — SEA COMM FEDERAL CREDIT UNION is a federal credit union headquartered in MASSENA, NY with 10 branch locations and about $717.95 million in total assets. Opened 58 years ago in 1963, SEA COMM FEDERAL CREDIT UNION has about 50,359 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 STREET
MASSENA, NY 13662
Phone:(315) 764-0566
Fax:(315) 764-0152
Website:http://www.seacomm.org
Branches:10 branch locations
Members:50,359
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$717,945,116
CEO/Manager:Scott A Wilson
Chairperson:Myron F Burns

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 48,622,047
TOTAL INVESTMENTS 288,526,092
Loans Held for Sale 0
 
 Real Estate Loans 162,915,301
 Unsecured Loans 40,282,464
 Other Loans 137,325,322
 TOTAL LOANS 344,951,544
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,754,354
 Land And Building 15,913,073
 Other Fixed Assets 3,985,778
 NCUSIF Deposit 5,284,317
 All Other Assets 12,416,619
  TOTAL ASSETS 717,945,116
LIABILITIES & CAPITAL:  
 Dividends Payable 109,475
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,564,507
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 118,640,793
 Regular shares 165,276,816
 All Other Shares & Deposits 329,831,315
  TOTAL SHARES & DEPOSITS 613,748,924
  TOTAL LIABILITIES 621,422,906
 Regular Reserve 3,303,512
 Other Reserves 876,951
 Undivided Earnings 92,341,747
  TOTAL EQUITY 96,522,210
  TOTAL LIABILITIES, SHARES, & EQUITY 717,945,116
INCOME & EXPENSE  
 Loan Income 4,366,179
 Investment Income 669,510
 Other Income 638,624
 Total Employee Compensation & Benefits 2,273,807
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,665,759
 Non-operating Income & (Expense) -2,444
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -50,000
 Cost of Funds 937,459
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,450,454
↑ Back to Top

Other Credit Unions

PLATTSBURGH CITY SCHOOL DISTRICT FEDERAL CREDIT UNION
49 BROAD STREET, SUITE 101
PLATTSBURGH, NY 12901-3311
WATERTOWN POSTAL FEDERAL CREDIT UNION
232 COMMERCE PARK DR, P O BOX 6601
WATERTOWN, NY 13601
UNITED NEIGHBORS FEDERAL CREDIT UNION
605 Coffeen St
WATERTOWN, NY 13601-2412
TWIN RIVERS FEDERAL CREDIT UNION
23 Phillips St
MASSENA, NY 13662
ED-MED FEDERAL CREDIT UNION
601 FORD ST
OGDENSBURG, NY 13669
TRI-LAKES FEDERAL CREDIT UNION
197 BROADWAY
SARANAC LAKE, NY 12983
PERU FEDERAL CREDIT UNION
PO Box 565
PERU, NY 12972
CVPH EMPLOYEES FEDERAL CREDIT UNION
75 BEEKMAN ST
PLATTSBURGH, NY 12901
STATE CS EMPLOYEES FEDERAL CREDIT UNION
317 WASHINGTON ST
WATERTOWN, NY 13601
NORTH FRANKLIN FEDERAL CREDIT UNION
494 E MAIN ST
MALONE, NY 12953-2100