Sep, 30, 2025 — SERVICE CREDIT UNION is a federal credit union headquartered in PORTSMOUTH, NH with 52 branch locations and about $6.30 billion in total assets. Opened 69 years ago in 1957, SERVICE CREDIT UNION has about 377,536 members and employs 967 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3003 Lafayette Rd PORTSMOUTH, NH 03801 |
| Phone: | (603) 422-8300 |
| Fax: | |
| Website: | https://www.servicecu.org |
| Branches: | 52 branch locations |
| Members: | 377,536 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24921 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,300,313,580 |
| CEO/Manager: | David Araujo |
| Chairperson: | Susan Desjardins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 204,028,912 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,836,985,964 |
| Unsecured Loans | 579,260,651 |
| Other Loans | 1,922,144,199 |
| TOTAL LOANS | 5,341,323,883 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,411,409 |
| Land And Building | 77,448,030 |
| Other Fixed Assets | 42,603,479 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 49,306,699 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,300,313,580 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 93,140,982 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 995,783,492 |
| Regular shares | 1,614,035,513 |
| All Other Shares & Deposits | 2,873,991,788 |
| TOTAL SHARES & DEPOSITS | 5,483,810,794 |
| TOTAL LIABILITIES | 5,577,375,512 |
| Regular Reserve | 0 |
| Other Reserves | 4,613,784 |
| Undivided Earnings | 718,324,284 |
| TOTAL EQUITY | 722,938,068 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,300,313,580 |
| INCOME & EXPENSE | |
| Loan Income | 234,512,135 |
| Investment Income | 17,993,057 |
| Other Income | 20,613,940 |
| Total Employee Compensation & Benefits | 78,905,586 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 78,371,959 |
| Non-operating Income & (Expense) | 3,529,583 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,634,249 |
| Cost of Funds | 82,958,445 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,491,422 |
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