Dec, 31, 2021 — SRI FEDERAL CREDIT UNION is a federal credit union headquartered in MENLO PARK, CA with 1 branch location and about $139.33 million in total assets. Opened 65 years ago in 1957, SRI FEDERAL CREDIT UNION has about 3,341 members and employs 10 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: | http://srifcu.org |
| Branches: | 1 branch locations |
| Members: | 3,341 |
| 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: | $139,328,185 |
| CEO/Manager: | STEVE K BOWLES |
| Chairperson: | WILLIAM L FIOCK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,937,967 |
| TOTAL INVESTMENTS | 33,745,463 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,529,396 |
| Unsecured Loans | 15,149,931 |
| Other Loans | 4,150,169 |
| TOTAL LOANS | 87,829,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -194,388 |
| Land And Building | 0 |
| Other Fixed Assets | 2,541,409 |
| NCUSIF Deposit | 944,901 |
| All Other Assets | 523,337 |
| TOTAL ASSETS | 139,328,185 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 2,869,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,634,535 |
| Regular shares | 37,412,111 |
| All Other Shares & Deposits | 59,887,753 |
| TOTAL SHARES & DEPOSITS | 119,934,399 |
| TOTAL LIABILITIES | 126,803,912 |
| Regular Reserve | 1,012,242 |
| Other Reserves | -85,356 |
| Undivided Earnings | 11,597,387 |
| TOTAL EQUITY | 12,524,273 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,328,185 |
| INCOME & EXPENSE | |
| Loan Income | 3,692,736 |
| Investment Income | 322,090 |
| Other Income | 47,560 |
| Total Employee Compensation & Benefits | 1,204,326 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,013,733 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,000 |
| Cost of Funds | 684,857 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,048,978 |
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