Sep, 30, 2025 — SCIENT FEDERAL CREDIT UNION is a federal credit union headquartered in GROTON, CT with 4 branch locations and about $325.12 million in total assets. Opened 43 years ago in 1983, SCIENT FEDERAL CREDIT UNION has about 19,234 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCIENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 60 Colver Ave GROTON, CT 06340-3808 |
| Phone: | (860) 445-1060 |
| Fax: | (860) 448-2101 |
| Website: | https://www.scientfcu.org |
| Branches: | 4 branch locations |
| Members: | 19,234 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24029 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $325,117,955 |
| CEO/Manager: | Chris A Maynard |
| Chairperson: | Karen M Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,365,352 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 136,001,199 |
| Unsecured Loans | 6,969,265 |
| Other Loans | 140,743,198 |
| TOTAL LOANS | 283,713,662 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,126,883 |
| Land And Building | 2,221,340 |
| Other Fixed Assets | 694,344 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,211,119 |
| All Other Assets | 217,149 |
| TOTAL ASSETS | 325,117,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,058 |
| Notes & Interest Payable | 29,000,000 |
| Accounts Payable & Other Liabilities | 6,761,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,761,978 |
| Regular shares | 58,022,808 |
| All Other Shares & Deposits | 155,846,496 |
| TOTAL SHARES & DEPOSITS | 261,631,282 |
| TOTAL LIABILITIES | 297,396,577 |
| Regular Reserve | 0 |
| Other Reserves | -2,406,769 |
| Undivided Earnings | 30,128,147 |
| TOTAL EQUITY | 27,721,378 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 325,117,955 |
| INCOME & EXPENSE | |
| Loan Income | 10,764,627 |
| Investment Income | 863,530 |
| Other Income | 549,411 |
| Total Employee Compensation & Benefits | 3,954,876 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,656,424 |
| Non-operating Income & (Expense) | -255,016 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 236,600 |
| Cost of Funds | 4,355,320 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -290,302 |
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