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.
Dec, 31, 2023 — 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 68 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 |
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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 |
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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 |
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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 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 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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