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.
Name: | SABATTUS REGIONAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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