Sep, 30, 2021 — SRI FEDERAL CREDIT UNION is a federal credit union headquartered in MENLO PARK, CA with 1 branch location and about $139.61 million in total assets. Opened 65 years ago in 1957, SRI FEDERAL CREDIT UNION has about 3,352 members and employs 9 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) | PO BOX 2284 MENLO PARK, CA 94026-2284 |
| Phone: | (650) 859-3711 |
| Fax: | (650) 326-8916 |
| Website: | http://srifcu.org |
| Branches: | 1 branch locations |
| Members: | 3,352 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $139,612,928 |
| CEO/Manager: | STEVE K BOWLES |
| Chairperson: | WILLIAM L FIOCK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,155,146 |
| TOTAL INVESTMENTS | 24,775,339 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,076,995 |
| Unsecured Loans | 18,249,528 |
| Other Loans | 4,286,232 |
| TOTAL LOANS | 87,612,755 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,922 |
| Land And Building | 0 |
| Other Fixed Assets | 2,630,997 |
| NCUSIF Deposit | 981,277 |
| All Other Assets | 644,336 |
| TOTAL ASSETS | 139,612,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,071,296 |
| Accounts Payable & Other Liabilities | 2,691,941 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,150,972 |
| Regular shares | 37,371,492 |
| All Other Shares & Deposits | 57,055,211 |
| TOTAL SHARES & DEPOSITS | 117,577,675 |
| TOTAL LIABILITIES | 127,340,912 |
| Regular Reserve | 1,012,242 |
| Other Reserves | 64,162 |
| Undivided Earnings | 11,195,612 |
| TOTAL EQUITY | 12,272,016 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,612,928 |
| INCOME & EXPENSE | |
| Loan Income | 2,772,202 |
| Investment Income | 228,240 |
| Other Income | 36,856 |
| Total Employee Compensation & Benefits | 914,326 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 744,651 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,000 |
| Cost of Funds | 521,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,647,204 |
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