February 2, 2012
Bucksport credit union has record 2011
Seaboard Federal Credit Union in Bucksport recently announced that assets, loans and membership all reached record highs in 2011.
Assets grew 6% to $101.3 million, an increase of $5.9 million, according to a press release, Its loan portfolio grew 5% to $79.6 million, an increase of $3.5 million. It also added 364 members, a 3% increase, bringing total membership to 11,993. President and CEO Kyle Casburn attributed the growth to "innovative mortgage programs and an expansion of our small business loan portfolio."
Membership is available to anyone who lives, works, worships or attends school in Hancock, Penobscot, Waldo or Washington counties. Founded in 1940, Seaboard has offices in Bucksport, Ellsworth and Hermon.
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