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30 Stearns St
Massena, NY 13662-2310

Sea Comm Credit Union is headquartered in Massena and is the 26th largest credit union in the state of New York. It is also the 476th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 90 employees and 40,604 members. Sea Comm Credit Union's money market rates are 55% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

You are eligible to join SeaComm if you live, work, worship or attend school anywhere in St. Lawrence County or in the following municipalities of Franklin County: Bangor, Bellmont, Bombay, Brandon, Burke, Chateaugay, Constable, Dickinson, Duane, Fort Covington, Malone, Moira, St. Regis Reservation, Waverly and Westville. - See Details

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Reviews (1)

Great Bank!

Sea Comm is a great credit union to have your account at.  They have very helpful and useful staff at the bank.  You can also call up the call-in center and they have always been very helpful.  You can get your coins counted by their automated machine and there is no fee if you are a member.  They have given back their profits to their members as bonuses for having accounts with them.  They are a little strict on who they give out loans to, but I personally have never had a problem with them.  You can access your account online, pay your bills online, and apply for a loan online.  Their website is great for members and you can always see how much money you have in the bank at any time.  You can do online transfers from checking to savings and vice vera at any time of the day.  They usually clear EFT faster than typical.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sea Comm Credit Union had $2.2 million in non-current loans and owned real-estate with $56.44 million in equity and loan loss allowances on hand to cover it. This gives Sea Comm Credit Union a Texas Ratio of 3.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sea Comm Credit Union experienced no significant changes from 2.53% as of March 31, 2013 to 3.90% as of March 31, 2014, resulting in a negative change of 53.98%. This indicates that the balance sheet and financial strength for Sea Comm Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Sea Comm Credit Union has increased its total deposits by $8.82 million, resulting in 2.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sea Comm Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sea Comm Credit Union has $476.91 million in assets with $56.44 million in equity, resulting in a capitalization level of 11.83%, which is excellent.

Institution Statistics

NCUA #15672
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$476.91 million
Loans$202.28 million
Deposits$419.61 million
Equity Capital$54.97 million
Loan Loss Allowance$1.47 million
Unbacked Noncurrent Loans$2.20 million
Real Estate Owned$0
Historic Data - March 2013
Assets$471.51 million
Equity Capital$57.49 million
Loan Loss Allowance$1.32 million
Unbacked Noncurrent Loans$2.20 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.26%
Return on Equity10.94%
Interest Income$4.58 million
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Sea Comm Credit Union Savings Account Rates

0.38%$100-Primary Share Account
0.38%--Traditional IRA Share Account
0.38%--Roth IRA Share Account

Sea Comm Credit Union Money Market Rates

0.68%$50k-The Weekly Money Market
0.42%$2,500-Daily Money Account

Sea Comm Credit Union CD Rates

1.88%$1k-5 Year CD
1.70%$1k-4 Year CD
1.52%$1k-3 Year CD
1.34%$1k-30 Month CD
1.08%$1k-2 Year CD
1.08%$500-24 Month Young Savers CD
0.90%$1k-18 Month CD
0.90%$500-18 Month Young Savers CD
0.84%$1k-1 Year CD
0.84%$500-12 Month Young Savers CD
0.77%$2,500-6 Month CD
0.77%$500-6 Month Young Savers CD
0.38%$2,500-90 Day CD

Sea Comm Credit Union IRA Rates

1.88%$1k-5 Year IRA
1.70%$1k-4 Year IRA
1.52%$1k-3 Year IRA
1.34%$1k-30 Month IRA
1.08%$1k-2 Year IRA
0.90%$1k-18 Month IRA
0.84%$1k-1 Year IRA

Sea Comm Credit Union Locations
Branch Office79 Main StMassena, NY 13662-1913
Branch Office6 Sisson StPotsdam, NY 13676-3596
Branch Office45 Finney BlvdMalone, NY 12953-1002
Branch Office101 E Main StCanton, NY 13617-1445
Branch Office30 Stearns StMassena, NY 13662-2310