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SEABOARD FEDERAL CREDIT UNION

Jun, 30, 2021 — SEABOARD FEDERAL CREDIT UNION is a federal credit union headquartered in BUCKSPORT, ME with 3 branch locations and about $177.56 million in total assets. Opened 81 years ago in 1940, SEABOARD FEDERAL CREDIT UNION has about 11,971 members and employs 35 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)
PO BOX G
BUCKSPORT, ME 04416
Phone:(207) 469-6341
Fax:(207) 469-2866
Website:http://www.seaboardfcu.com
Branches:3 branch locations
Members:11,971
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$177,564,190
CEO/Manager:Kyle W Casburn
Chairperson:Tony Manzo

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 45,224,631
TOTAL INVESTMENTS 27,108,371
Loans Held for Sale 0
 
 Real Estate Loans 66,340,125
 Unsecured Loans 8,162,641
 Other Loans 25,027,094
 TOTAL LOANS 100,190,012
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -529,838
 Land And Building 1,186,832
 Other Fixed Assets 188,026
 NCUSIF Deposit 1,402,301
 All Other Assets 2,793,855
  TOTAL ASSETS 177,564,190
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 4,736,176
 Accounts Payable & Other Liabilities 1,348,710
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,365,197
 Regular shares 75,640,819
 All Other Shares & Deposits 56,207,113
  TOTAL SHARES & DEPOSITS 157,213,129
  TOTAL LIABILITIES 163,298,015
 Regular Reserve 2,601,602
 Other Reserves -910,824
 Undivided Earnings 12,575,397
  TOTAL EQUITY 14,266,175
  TOTAL LIABILITIES, SHARES, & EQUITY 177,564,190
INCOME & EXPENSE  
 Loan Income 2,384,268
 Investment Income 215,330
 Other Income 1,024,406
 Total Employee Compensation & Benefits 1,358,069
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,376,043
 Non-operating Income & (Expense) 1,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 346,193
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 597,174
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