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SRI FEDERAL CREDIT UNION

Sep, 30, 2022 — SRI FEDERAL CREDIT UNION is a federal credit union headquartered in MENLO PARK, CA with 3 branch locations and about $217.36 million in total assets. Opened 66 years ago in 1957, SRI FEDERAL CREDIT UNION has about 6,332 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321173328
Name:SRI FEDERAL CREDIT UNION
Address:
(Main Office)
333 RAVENSWOOD AVE
MENLO PARK, CA 94025
Phone:(650) 859-3711
Fax:(650) 326-8916
Website:https://srifcu.org
Branches:3 branch locations
Members:6,332
Credit Union Type:Federal Credit Union
Charter Number:11872
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1957
Last Audited:Mar 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$217,363,473
CEO/Manager:STEVE K BOWLES
Chairperson:WILLIAM L FIOCK

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,429,688
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 109,242,683
 Unsecured Loans 11,703,195
 Other Loans 8,044,718
 TOTAL LOANS 128,990,596
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -191,407
 Land And Building 0
 Other Fixed Assets 2,105,316
 NCUSIF Deposit 1,555,696
 All Other Assets 0
  TOTAL ASSETS 217,363,473
LIABILITIES & CAPITAL:  
 Dividends Payable 780
 Notes & Interest Payable 4,000,000
 Accounts Payable & Other Liabilities 2,661,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,973,910
 Regular shares 72,103,965
 All Other Shares & Deposits 81,781,262
  TOTAL SHARES & DEPOSITS 189,859,137
  TOTAL LIABILITIES 196,521,344
 Regular Reserve 0
 Other Reserves 7,157,333
 Undivided Earnings 13,684,796
  TOTAL EQUITY 20,842,129
  TOTAL LIABILITIES, SHARES, & EQUITY 217,363,473
INCOME & EXPENSE  
 Loan Income 3,358,706
 Investment Income 737,018
 Other Income 40,922
 Total Employee Compensation & Benefits 1,361,188
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,462,052
 Non-operating Income & (Expense) 254,322
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,053
 Cost of Funds 630,698
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,369,877
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