5 star ratingAverage User Rating:
5 star rating based on 1 review.

Sea Comm Credit Union

Sea Comm Credit Union Locations
30 Stearns Street
Massena, NY 13662
(315) 764-0566
www.seacomm.org

NCUA


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 459th largest credit union in the nation. It was established in 1963 and as of March of 2013, it had grown to 88 employees and 40,075 members. Sea Comm Credit Union has a 5-star health rating.

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Top CD Rates Continue at Sea Comm Federal Credit Union in NY - Local Only - 5/22/2012

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Top Long-Term CD Rates at Sea Comm Federal Credit Union in NY - Local Only - 8/31/2010

SeaComm Federal Credit Union has several competitive rates for its share and IRA certificates. The best deals are its long-term and mid-term certificates which include a 3.49% APY 5-year CD and a 3.13 ...

3.49% 60-Month CD & IRA CD At Seacomm FCU In Northern NY (Forum) - 7/10/2010

SeaComm Federal Credit Union has several excellent CD and IRA CD rates from terms of 2 to 5 years as of 7/10/10: 3.49% APY 5-year CD and IRA CD 3.25% APY 4-year CD and IRA CD 3.13% APY 3-year CD and IRA CD 3.08% APY 2.5-year CD and IRA CD 2.28% APY

2.82% 6-Month CD & 3.03% 24-Month CD at SeaComm FCU in Northern NY - Local Only - 5/25/2009

SeaComm Federal Credit Union has several competitive rates for its share and IRA certificates. The best deals are its short- and mid-term certificates which include a 2.82% for 6 months, 2.85% for 12 months, 2.98% for 18 months and 3.03% for 2 years....

2007




See Rates for: Savings | Money Market | CD | IRA

Sea Comm Credit Union Savings Account Rates

ApyMinMaxProduct
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

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

Sea Comm Credit Union CD Rates

ApyMinMaxProduct
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

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

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


SEA COMM
NCUA #15672
BankRate ReportView
Year Chartered1963
Employees88
Primary Regulator

Assets and Liabilities

Assets$471.51 million
Loans$199.64 million
Deposits$410.79 million
Equity Capital$57.49 million
Loan Loss Allowance$1.32 million
Unbacked Noncurrent Loans$1.49 million

Historic Data - March 2012

Assets$446.43 million
Equity Capital$51.32 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$1.34 million
Real Estate Owned$104,000

Profit Margin - Quarterly

Net Interest Margin1.41%
Return on Assets1.22%
Return on Equity9.98%
Interest Income$4.79 million
Non-Interest Income$1.03 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Sea Comm Credit Union had $1.49 million in non-current loans and owned real-estate with $58.8 million in equity and loan loss allowances on hand to cover it. This gives Sea Comm Credit Union a Texas Ratio of 2.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Sea Comm Credit Union held steady from 2.73% as of March 31, 2012 to 2.53% as of March 31, 2013, resulting in a positive change of 7.31%.This indicates that the balance sheet and financial strength for Sea Comm Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Sea Comm Credit Union has increased its total deposits by $18.32 million, resulting in 4.67% 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.
Capitalization5
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 $471.51 million in assets with $58.8 million in equity, resulting in a capitalization level of 12.47%, which is excellent.
Write Review

Great Bank!
5 stars - laplanmd - Monday, February 21, 2011 - 8:22 PM

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.

2