Dec, 31, 2023 — SEBASTICOOK VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, ME with 2 branch locations and about $166.32 million in total assets. Opened 71 years ago in 1953, SEBASTICOOK VALLEY FEDERAL CREDIT UNION has about 12,148 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEBASTICOOK VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 505 SOMERSET AVE PITTSFIELD, ME 04967 |
| Phone: | (207) 487-5576 |
| Fax: | (207) 487-5149 |
| Website: | https://svfcume.com |
| Branches: | 2 branch locations |
| Members: | 12,148 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8936 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $166,321,427 |
| CEO/Manager: | JAMES R LEMIEUX |
| Chairperson: | Danny E Costain |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,181,043 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 83,348,591 |
| Unsecured Loans | 8,328,739 |
| Other Loans | 53,301,628 |
| TOTAL LOANS | 145,576,720 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -582,449 |
| Land And Building | 2,948,543 |
| Other Fixed Assets | 464,741 |
| NCUSIF Deposit | 1,204,418 |
| All Other Assets | 0 |
| TOTAL ASSETS | 166,321,427 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 18,300,000 |
| Accounts Payable & Other Liabilities | 282,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,577,090 |
| Regular shares | 30,552,309 |
| All Other Shares & Deposits | 48,322,823 |
| TOTAL SHARES & DEPOSITS | 128,452,222 |
| TOTAL LIABILITIES | 147,034,511 |
| Regular Reserve | 0 |
| Other Reserves | -108,059 |
| Undivided Earnings | 19,394,975 |
| TOTAL EQUITY | 19,286,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,321,427 |
| INCOME & EXPENSE | |
| Loan Income | 6,553,206 |
| Investment Income | 414,243 |
| Other Income | 814,089 |
| Total Employee Compensation & Benefits | 2,412,048 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,551,572 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 205,349 |
| Cost of Funds | 1,535,416 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,265,600 |
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» See also Statement of Financial Condition