Credit Unions Near Me
National Credit Union Service Organization

SERVICE CREDIT UNION

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.


ABA Routing Number: 54030011
Name:SERVICE CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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