Sep, 30, 2025 — SEAPORT FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 3 branch locations and about $101.89 million in total assets. Opened 57 years ago in 1969, SEAPORT FEDERAL CREDIT UNION has about 5,636 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEAPORT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5080 McLester St ELIZABETH, NJ 07201 |
| Phone: | (908) 558-6124 |
| Fax: | (908) 558-6482 |
| Website: | https://www.seaportfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,636 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19185 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $101,891,029 |
| CEO/Manager: | Elaine Thompson |
| Chairperson: | Brian Cashin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,381,684 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,326,788 |
| Unsecured Loans | 6,541,440 |
| Other Loans | 21,461,249 |
| TOTAL LOANS | 45,329,477 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -205,555 |
| Land And Building | 0 |
| Other Fixed Assets | 174,220 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 788,505 |
| All Other Assets | 0 |
| TOTAL ASSETS | 101,891,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,261,695 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,738,021 |
| Regular shares | 51,411,950 |
| All Other Shares & Deposits | 26,113,876 |
| TOTAL SHARES & DEPOSITS | 86,263,846 |
| TOTAL LIABILITIES | 89,525,541 |
| Regular Reserve | 0 |
| Other Reserves | -1,880,120 |
| Undivided Earnings | 14,245,608 |
| TOTAL EQUITY | 12,365,488 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,891,029 |
| INCOME & EXPENSE | |
| Loan Income | 2,079,569 |
| Investment Income | 1,119,484 |
| Other Income | 297,972 |
| Total Employee Compensation & Benefits | 1,802,983 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,556,665 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,750 |
| Cost of Funds | 672,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 387,484 |
| ↑ Back to Top | |