Sep, 30, 2025 — SEABOARD FEDERAL CREDIT UNION is a federal credit union headquartered in BUCKSPORT, ME with 3 branch locations and about $235.60 million in total assets. Opened 86 years ago in 1940, SEABOARD FEDERAL CREDIT UNION has about 13,283 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEABOARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 177 Main St BUCKSPORT, ME 04416 |
| Phone: | (207) 469-6341 |
| Fax: | (207) 469-2866 |
| Website: | https://www.seaboardfcu.com |
| Branches: | 3 branch locations |
| Members: | 13,283 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4118 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $235,603,808 |
| CEO/Manager: | Kyle W Casburn |
| Chairperson: | Tony Manzo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,605,761 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,318,987 |
| Unsecured Loans | 7,479,493 |
| Other Loans | 44,662,705 |
| TOTAL LOANS | 143,082,169 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -672,258 |
| Land And Building | 1,075,648 |
| Other Fixed Assets | 286,167 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,874,600 |
| All Other Assets | 0 |
| TOTAL ASSETS | 235,603,808 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,611,191 |
| Accounts Payable & Other Liabilities | 2,009,786 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,897,105 |
| Regular shares | 63,017,310 |
| All Other Shares & Deposits | 119,862,004 |
| TOTAL SHARES & DEPOSITS | 210,776,419 |
| TOTAL LIABILITIES | 215,397,396 |
| Regular Reserve | 0 |
| Other Reserves | -387,589 |
| Undivided Earnings | 20,594,001 |
| TOTAL EQUITY | 20,206,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 235,603,808 |
| INCOME & EXPENSE | |
| Loan Income | 6,678,805 |
| Investment Income | 2,103,691 |
| Other Income | 1,241,286 |
| Total Employee Compensation & Benefits | 2,766,544 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,847,998 |
| Non-operating Income & (Expense) | 11,311 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 320,500 |
| Cost of Funds | 3,289,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 890,426 |
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