Dec, 31, 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.
| 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 |
| 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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