Jun, 30, 2024 — SABATTUS REGIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in SABATTUS, ME with 1 branch location and about $77.85 million in total assets. Opened 67 years ago in 1957, SABATTUS REGIONAL CREDIT UNION has about 4,638 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SABATTUS REGIONAL CREDIT UNION |
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Address: (Main Office) | 2 Middle Rd SABATTUS, ME 04280 |
Phone: | (207) 375-6538 |
Fax: | (207) 375-8409 |
Website: | https://www.srcu4u.com |
Branches: | 1 branch locations |
Members: | 4,638 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64062 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $77,846,596 |
CEO/Manager: | Tiffiny C Stewart |
Chairperson: | Theodore Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,551,202 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,066,936 |
Unsecured Loans | 900,757 |
Other Loans | 11,747,881 |
TOTAL LOANS | 29,929,206 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,524 |
Land And Building | 734,537 |
Other Fixed Assets | 78,397 |
NCUSIF Deposit | 634,772 |
All Other Assets | 0 |
TOTAL ASSETS | 77,846,596 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 182,173 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,314,761 |
Regular shares | 45,712,553 |
All Other Shares & Deposits | 10,129,751 |
TOTAL SHARES & DEPOSITS | 71,157,065 |
TOTAL LIABILITIES | 71,339,238 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,507,358 |
TOTAL EQUITY | 6,507,358 |
TOTAL LIABILITIES, SHARES, & EQUITY | 77,846,596 |
INCOME & EXPENSE | |
Loan Income | 973,573 |
Investment Income | 300,430 |
Other Income | 341,131 |
Total Employee Compensation & Benefits | 821,203 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 799,801 |
Non-operating Income & (Expense) | 48,642 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
Cost of Funds | 118,431 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 248,224 |
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