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SCOTT ASSOCIATES CREDIT UNION

Dec, 31, 2023 — SCOTT ASSOCIATES CREDIT UNION is a federally insured state chartered credit union headquartered in MARYSVILLE, OH with 1 branch location and about $13.97 million in total assets. Opened 57 years ago in 1967, SCOTT ASSOCIATES CREDIT UNION has about 1,903 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCOTT ASSOCIATES CREDIT UNION
Address:
(Main Office)
14111 Scottslawn Rd
MARYSVILLE, OH 43040
Phone:(937) 644-7385
Fax:(937) 645-2749
Website:https://www.mysacu.com
Branches:1 branch locations
Members:1,903
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63386
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Nov 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$13,969,011
CEO/Manager:Nicole Jasinski
Chairperson:Diane Pekunka

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 230,997
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,252,584
 Other Loans 7,259,871
 TOTAL LOANS 8,512,455
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,033
 Land And Building 0
 Other Fixed Assets 8,539
 NCUSIF Deposit 118,601
 All Other Assets 0
  TOTAL ASSETS 13,969,011
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,935
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,595,656
 Regular shares 6,111,511
 All Other Shares & Deposits 4,607,411
  TOTAL SHARES & DEPOSITS 12,314,577
  TOTAL LIABILITIES 12,338,512
 Regular Reserve 0
 Other Reserves 348,782
 Undivided Earnings 1,281,717
  TOTAL EQUITY 1,630,499
  TOTAL LIABILITIES, SHARES, & EQUITY 13,969,011
INCOME & EXPENSE  
 Loan Income 455,079
 Investment Income 113,817
 Other Income 68,305
 Total Employee Compensation & Benefits 271,374
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 230,408
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,205
 Cost of Funds 148,568
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,565
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