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SABATTUS REGIONAL CREDIT UNION

Dec, 31, 2023 — SABATTUS REGIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in SABATTUS, ME with 1 branch location and about $73.85 million in total assets. Opened 67 years ago in 1957, SABATTUS REGIONAL CREDIT UNION has about 4,567 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211288653
Name:SABATTUS REGIONAL CREDIT UNION
Address:
(Main Office)
2 Middle Rd
SABATTUS, ME 04280
Phone:(207) 375-6538
Fax:(207) 375-8409
Website:https://www.srcu4u.com
Branches:1 branch locations
Members:4,567
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64062
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$73,845,964
CEO/Manager:Tiffiny C Stewart
Chairperson:Theodore Smith

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,188,590
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,941,335
 Unsecured Loans 926,756
 Other Loans 11,211,240
 TOTAL LOANS 29,258,719
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -193,913
 Land And Building 645,051
 Other Fixed Assets 57,728
 NCUSIF Deposit 644,512
 All Other Assets 0
  TOTAL ASSETS 73,845,964
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 234,074
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,096,074
 Regular shares 41,571,476
 All Other Shares & Deposits 10,951,840
  TOTAL SHARES & DEPOSITS 66,619,390
  TOTAL LIABILITIES 66,854,615
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 6,991,349
  TOTAL EQUITY 6,991,349
  TOTAL LIABILITIES, SHARES, & EQUITY 73,845,964
INCOME & EXPENSE  
 Loan Income 1,490,647
 Investment Income 1,023,821
 Other Income 443,001
 Total Employee Compensation & Benefits 1,242,961
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,148,853
 Non-operating Income & (Expense) 65,403
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,151
 Cost of Funds 686,828
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 370,632
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