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SEBASTICOOK VALLEY FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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