Jun, 30, 2024 — SEBASTICOOK VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, ME with 2 branch locations and about $158.59 million in total assets. Opened 72 years ago in 1953, SEBASTICOOK VALLEY FEDERAL CREDIT UNION has about 12,781 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: | 12,781 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $158,585,173 |
| CEO/Manager: | JAMES R LEMIEUX |
| Chairperson: | Danny E Costain |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,341,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 76,498,828 |
| Unsecured Loans | 6,029,401 |
| Other Loans | 50,816,519 |
| TOTAL LOANS | 133,609,087 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -556,901 |
| Land And Building | 3,068,595 |
| Other Fixed Assets | 418,247 |
| NCUSIF Deposit | 1,197,218 |
| All Other Assets | 0 |
| TOTAL ASSETS | 158,585,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,100,000 |
| Accounts Payable & Other Liabilities | 233,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,246,337 |
| Regular shares | 57,201,460 |
| All Other Shares & Deposits | 46,528,084 |
| TOTAL SHARES & DEPOSITS | 134,975,881 |
| TOTAL LIABILITIES | 142,309,076 |
| Regular Reserve | 0 |
| Other Reserves | -184,406 |
| Undivided Earnings | 16,460,503 |
| TOTAL EQUITY | 16,276,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 158,585,173 |
| INCOME & EXPENSE | |
| Loan Income | 3,956,845 |
| Investment Income | 182,012 |
| Other Income | 546,227 |
| Total Employee Compensation & Benefits | 1,667,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,783,115 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,247 |
| Cost of Funds | 217,810 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,802,776 |
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