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SCOTT ASSOCIATES CREDIT UNION

Dec, 31, 2021 — SCOTT ASSOCIATES CREDIT UNION is a federally insured state chartered credit union headquartered in MARYSVILLE, OH with 1 branch location and about $13.92 million in total assets. Opened 55 years ago in 1967, SCOTT ASSOCIATES CREDIT UNION has about 1,976 members and employs 4 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:http://www.mysacu.com
Branches:1 branch locations
Members:1,976
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:$13,915,026
CEO/Manager:Karla Poling
Chairperson:Diane Pekunka

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 164,647
TOTAL INVESTMENTS 7,272,067
Loans Held for Sale 0
 
 Real Estate Loans 15,075
 Unsecured Loans 937,766
 Other Loans 5,366,086
 TOTAL LOANS 6,318,927
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,908
 Land And Building 0
 Other Fixed Assets 16,767
 NCUSIF Deposit 114,793
 All Other Assets 42,733
  TOTAL ASSETS 13,915,026
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,563
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,708,164
 Regular shares 8,126,103
 All Other Shares & Deposits 2,445,548
  TOTAL SHARES & DEPOSITS 12,279,815
  TOTAL LIABILITIES 12,314,378
 Regular Reserve 348,782
 Other Reserves 0
 Undivided Earnings 1,251,866
  TOTAL EQUITY 1,600,648
  TOTAL LIABILITIES, SHARES, & EQUITY 13,915,026
INCOME & EXPENSE  
 Loan Income 341,205
 Investment Income 56,081
 Other Income 57,604
 Total Employee Compensation & Benefits 257,575
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 190,394
 Non-operating Income & (Expense) 61,149
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,694
 Cost of Funds 55,423
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,341
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