Dec, 31, 2023 — SERVICE CREDIT UNION is a federal credit union headquartered in PORTSMOUTH, NH with 53 branch locations and about $5.47 billion in total assets. Opened 67 years ago in 1957, SERVICE CREDIT UNION has about 354,583 members and employs 968 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 |
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Address: (Main Office) | 3003 Lafayette Rd PORTSMOUTH, NH 03801 |
Phone: | (603) 422-8300 |
Fax: | |
Website: | https://www.servicecu.org |
Branches: | 53 branch locations |
Members: | 354,583 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24921 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,473,462,734 |
CEO/Manager: | David Araujo |
Chairperson: | Scott Wensley |
ASSETS: | $ Amount |
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Cash & Equivalents | 389,018,201 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 49,950 |
Real Estate Loans | 2,224,613,009 |
Unsecured Loans | 525,047,489 |
Other Loans | 1,766,712,090 |
TOTAL LOANS | 4,518,065,489 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,983,034 |
Land And Building | 73,256,709 |
Other Fixed Assets | 16,020,857 |
NCUSIF Deposit | 43,051,937 |
All Other Assets | 0 |
TOTAL ASSETS | 5,473,462,734 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 94,283,632 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 882,052,568 |
Regular shares | 1,540,577,699 |
All Other Shares & Deposits | 2,209,908,831 |
TOTAL SHARES & DEPOSITS | 4,632,539,098 |
TOTAL LIABILITIES | 4,878,899,129 |
Regular Reserve | 0 |
Other Reserves | -7,939,187 |
Undivided Earnings | 602,502,792 |
TOTAL EQUITY | 594,563,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,473,462,734 |
INCOME & EXPENSE | |
Loan Income | 221,381,412 |
Investment Income | 23,292,445 |
Other Income | 29,144,222 |
Total Employee Compensation & Benefits | 89,097,318 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 94,044,766 |
Non-operating Income & (Expense) | 902,630 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,919,271 |
Cost of Funds | 69,603,903 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 54,537,498 |
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