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 |
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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 |
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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 |
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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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