Dec, 31, 2023 — SRU FEDERAL CREDIT UNION is a federal credit union headquartered in SLIPPERY ROCK, PA with 1 branch location and about $59.27 million in total assets. Opened 66 years ago in 1958, SRU FEDERAL CREDIT UNION has about 4,054 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SRU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Arrowhead Dr SLIPPERY ROCK, PA 16057-2632 |
| Phone: | (724) 794-6292 |
| Fax: | (724) 794-5182 |
| Website: | https://www.srufcu.org |
| Branches: | 1 branch locations |
| Members: | 4,054 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12654 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,271,410 |
| CEO/Manager: | Timothy R Miller |
| Chairperson: | George F McDowell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,481,915 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,572,565 |
| Unsecured Loans | 2,272,185 |
| Other Loans | 16,250,826 |
| TOTAL LOANS | 37,095,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,646 |
| Land And Building | 2,736,831 |
| Other Fixed Assets | 161,410 |
| NCUSIF Deposit | 531,939 |
| All Other Assets | 9,755 |
| TOTAL ASSETS | 59,271,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 306,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,202,589 |
| Regular shares | 23,737,366 |
| All Other Shares & Deposits | 19,109,129 |
| TOTAL SHARES & DEPOSITS | 52,049,085 |
| TOTAL LIABILITIES | 52,355,874 |
| Regular Reserve | 0 |
| Other Reserves | 470,954 |
| Undivided Earnings | 6,444,582 |
| TOTAL EQUITY | 6,915,536 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,271,410 |
| INCOME & EXPENSE | |
| Loan Income | 1,730,432 |
| Investment Income | 410,567 |
| Other Income | 200,945 |
| Total Employee Compensation & Benefits | 825,264 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 776,833 |
| Non-operating Income & (Expense) | 3,628 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 119,935 |
| Cost of Funds | 352,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 493,662 |
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