Sep, 30, 2025 — SACO VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SACO, ME with 3 branch locations and about $186.22 million in total assets. Opened 79 years ago in 1947, SACO VALLEY CREDIT UNION has about 9,200 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SACO VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 312 Main St SACO, ME 04072-1515 |
| Phone: | (207) 282-6169 |
| Fax: | (207) 282-1601 |
| Website: | https://www.sacovalley.org |
| Branches: | 3 branch locations |
| Members: | 9,200 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68324 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $186,222,672 |
| CEO/Manager: | Kevin P Partridge |
| Chairperson: | Timothy J Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,079,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,852,348 |
| Unsecured Loans | 3,304,814 |
| Other Loans | 27,978,934 |
| TOTAL LOANS | 155,136,096 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -472,606 |
| Land And Building | 3,334,998 |
| Other Fixed Assets | 414,805 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,508,091 |
| All Other Assets | 0 |
| TOTAL ASSETS | 186,222,672 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 413,690 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,868,839 |
| Regular shares | 45,224,309 |
| All Other Shares & Deposits | 97,707,116 |
| TOTAL SHARES & DEPOSITS | 165,800,264 |
| TOTAL LIABILITIES | 166,213,954 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 20,008,718 |
| TOTAL EQUITY | 20,008,718 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 186,222,672 |
| INCOME & EXPENSE | |
| Loan Income | 5,928,435 |
| Investment Income | 791,074 |
| Other Income | 233,806 |
| Total Employee Compensation & Benefits | 2,199,674 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,965,091 |
| Non-operating Income & (Expense) | 195,096 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,204,316 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,446,916 |
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