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SEBASTICOOK VALLEY FEDERAL CREDIT UNION

Jun, 30, 2021 — SEBASTICOOK VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, ME with 2 branch locations and about $145.44 million in total assets. Opened 68 years ago in 1953, SEBASTICOOK VALLEY FEDERAL CREDIT UNION has about 12,479 members and employs 31 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)
POB 10
PITTSFIELD, ME 04967
Phone:(207) 487-5576
Fax:(207) 487-5149
Website:http://svfcume.com
Branches:2 branch locations
Members:12,479
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$145,437,269
CEO/Manager:JAMES R LEMIEUX
Chairperson:Danny E Costain

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,899,364
TOTAL INVESTMENTS 5,490,551
Loans Held for Sale 0
 
 Real Estate Loans 69,550,787
 Unsecured Loans 5,093,301
 Other Loans 43,537,935
 TOTAL LOANS 118,976,308
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -494,337
 Land And Building 3,310,313
 Other Fixed Assets 418,434
 NCUSIF Deposit 1,054,572
 All Other Assets 3,782,064
  TOTAL ASSETS 145,437,269
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 4,200,000
 Accounts Payable & Other Liabilities 242,344
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,536,507
 Regular shares 51,134,111
 All Other Shares & Deposits 47,829,818
  TOTAL SHARES & DEPOSITS 126,500,436
  TOTAL LIABILITIES 130,942,780
 Regular Reserve 943,851
 Other Reserves 35,676
 Undivided Earnings 13,514,962
  TOTAL EQUITY 14,494,489
  TOTAL LIABILITIES, SHARES, & EQUITY 145,437,269
INCOME & EXPENSE  
 Loan Income 2,513,459
 Investment Income 46,098
 Other Income 331,872
 Total Employee Compensation & Benefits 1,104,284
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,159,755
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 91,000
 Cost of Funds 181,635
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 977,754
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