Overview / Commentary
Seaboard Federal Credit Union is headquartered in Bucksport and is the 23rd largest credit union in the state of Maine. It is also the 1,279th largest credit union in the nation. It was established in 1940 and as of December of 2022, it had grown to 34 employees and 12,580 members at 3 locations. Seaboard Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Seaboard Federal Credit Union is open anyone who lives, works, worships, or attends school in the Maine counties of Hancock, Penobscot, Waldo, or Washington. Membership also extends to immediate family of current Seaboard Federal Credit Union members.
See current membership details
Health
B+
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4118 |
| Year Chartered | 1940 |
| Employees | 34 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 14.13% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $191.9MM$187.1MM |
| Loans | Q4 2022vs Q4 2021 | $128.2MM$107.0MM |
| Deposits | Q4 2022vs Q4 2021 | $171.8MM$166.3MM |
| Equity Capital | Q4 2022vs Q4 2021 | $13.9MM$14.9MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $452.00K$509.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $820.00K$1.0MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |