SERVICE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.servicecu.org for more information.
Dec, 31, 2023 — SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in PORTSMOUTH, NH with 51 branch locations and about $4.41 billion in total assets. Opened 67 years ago in 1957, SERVICE CREDIT UNION has about 315,035 members and employs 825 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SERVICE CREDIT UNION |
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Address: (Main Office) | 3003 LAFAYETTE RD PORTSMOUTH, NH 03801 |
Phone: | (603) 422-8300 |
Fax: | |
Website: | https://www.servicecu.org |
Branches: | 51 branch locations |
Members: | 315,035 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68375 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,405,300,096 |
CEO/Manager: | David Araujo |
Chairperson: | James Fishbein |
ASSETS: | $ Amount |
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Cash & Equivalents | 469,752,669 |
TOTAL INVESTMENTS | 236,178,145 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,342,264,615 |
Unsecured Loans | 290,398,950 |
Other Loans | 1,669,242,893 |
TOTAL LOANS | 3,413,830,601 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,173,985 |
Land And Building | 69,081,795 |
Other Fixed Assets | 13,298,873 |
NCUSIF Deposit | 28,184,135 |
All Other Assets | 187,147,863 |
TOTAL ASSETS | 4,405,300,096 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 195,321,269 |
Accounts Payable & Other Liabilities | 58,085,677 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 720,847,691 |
Regular shares | 1,337,812,851 |
All Other Shares & Deposits | 1,620,749,322 |
TOTAL SHARES & DEPOSITS | 3,679,409,864 |
TOTAL LIABILITIES | 3,932,816,810 |
Regular Reserve | 15,187,885 |
Other Reserves | -5,291,548 |
Undivided Earnings | 462,586,949 |
TOTAL EQUITY | 472,483,286 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,405,300,096 |
INCOME & EXPENSE | |
Loan Income | 99,574,222 |
Investment Income | 5,419,604 |
Other Income | 53,152,781 |
Total Employee Compensation & Benefits | 50,646,139 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 48,269,059 |
Non-operating Income & (Expense) | 613,621 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,139,047 |
Cost of Funds | 30,623,928 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,082,055 |
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