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SCOTT ASSOCIATES CREDIT UNION

Jun, 30, 2021 — SCOTT ASSOCIATES CREDIT UNION is a federally insured state chartered credit union headquartered in MARYSVILLE, OH with 1 branch location and about $13.91 million in total assets. Opened 54 years ago in 1967, SCOTT ASSOCIATES CREDIT UNION has about 2,006 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, GILCREST BARN
MARYSVILLE, OH 43040
Phone:(937) 644-7385
Fax:(937) 645-2749
Website:http://www.mysacu.com
Branches:1 branch locations
Members:2,006
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,913,331
CEO/Manager:Karla Poling
Chairperson:Diane Pekunka

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 526,923
TOTAL INVESTMENTS 6,924,067
Loans Held for Sale 0
 
 Real Estate Loans 42,557
 Unsecured Loans 861,509
 Other Loans 5,388,362
 TOTAL LOANS 6,292,428
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,502
 Land And Building 0
 Other Fixed Assets 21,501
 NCUSIF Deposit 114,793
 All Other Assets 45,121
  TOTAL ASSETS 13,913,331
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,235
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,952,552
 Regular shares 7,786,879
 All Other Shares & Deposits 2,558,750
  TOTAL SHARES & DEPOSITS 12,298,181
  TOTAL LIABILITIES 12,322,416
 Regular Reserve 348,782
 Other Reserves 0
 Undivided Earnings 1,242,133
  TOTAL EQUITY 1,590,915
  TOTAL LIABILITIES, SHARES, & EQUITY 13,913,331
INCOME & EXPENSE  
 Loan Income 168,632
 Investment Income 28,282
 Other Income 26,615
 Total Employee Compensation & Benefits 130,667
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 93,814
 Non-operating Income & (Expense) 31,004
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,895
 Cost of Funds 31,140
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,807
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