SAGINAW COUNTY EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.scecu.net for more information.
Sep, 30, 2025 — SAGINAW COUNTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 1 branch location and about $47.79 million in total assets. Opened 70 years ago in 1956, SAGINAW COUNTY EMPLOYEES CREDIT UNION has about 2,860 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAGINAW COUNTY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 COURT ST SAGINAW, MI 48602-4071 |
| Phone: | (989) 793-9188 |
| Fax: | (989) 793-9184 |
| Website: | https://www.scecu.net |
| Branches: | 1 branch locations |
| Members: | 2,860 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62282 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,785,956 |
| CEO/Manager: | Terry L Garrison |
| Chairperson: | David A Cable |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,615,846 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,670,150 |
| Unsecured Loans | 2,185,086 |
| Other Loans | 4,376,528 |
| TOTAL LOANS | 15,231,764 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,503 |
| Land And Building | 306,729 |
| Other Fixed Assets | 30,050 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 423,169 |
| All Other Assets | 0 |
| TOTAL ASSETS | 47,785,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 59 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 130,576 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,835,608 |
| Regular shares | 19,009,960 |
| All Other Shares & Deposits | 18,576,859 |
| TOTAL SHARES & DEPOSITS | 43,422,427 |
| TOTAL LIABILITIES | 43,553,062 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,232,894 |
| TOTAL EQUITY | 4,232,894 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,785,956 |
| INCOME & EXPENSE | |
| Loan Income | 601,312 |
| Investment Income | 242,608 |
| Other Income | 131,985 |
| Total Employee Compensation & Benefits | 419,399 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 490,301 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,364 |
| Cost of Funds | 49,314 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 129,788 |
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