Sea Comm Federal Credit Union is headquartered in Massena and is the 26th largest credit union in the state of New York. It is also the 520th largest credit union in the nation. It was established in 1963 and as of March of 2021, it had grown to 126 employees and 50,359 members at 9 locations. Sea Comm Federal Credit Union's money market rates are 36% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Sea Comm Federal Credit Union is open to those who live, work, worship, or attend school in the New York counties of Clinton, Essex, Franklin, Jefferson, Lewis, or St. Lawrence, or the Vermont counties of Chittenden, Franklin, or Grand Isle.
See current membership details
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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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15672 |
| Year Chartered | 1963 |
| Employees | 126 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 6.01% |
| Annual Interest Income | $5.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $717.9MM$589.5MM |
| Loans | Q1 2021vs Q1 2020 | $345.0MM$329.7MM |
| Deposits | Q1 2021vs Q1 2020 | $613.7MM$490.4MM |
| Equity Capital | Q1 2021vs Q1 2020 | $96.5MM$93.6MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.8MM$2.1MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $1.4MM$2.3MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$54.00K |