Dec, 31, 2023 — SRI FEDERAL CREDIT UNION is a federal credit union headquartered in MENLO PARK, CA with 3 branch locations and about $216.33 million in total assets. Opened 67 years ago in 1957, SRI FEDERAL CREDIT UNION has about 5,229 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: | 5,229 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $216,334,504 |
| CEO/Manager: | STEVE K BOWLES |
| Chairperson: | REGIS VINCENT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,889,830 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 140,322,471 |
| Unsecured Loans | 6,988,309 |
| Other Loans | 11,429,970 |
| TOTAL LOANS | 158,740,750 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -457,494 |
| Land And Building | 0 |
| Other Fixed Assets | 1,690,478 |
| NCUSIF Deposit | 1,560,807 |
| All Other Assets | 0 |
| TOTAL ASSETS | 216,334,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 274 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 1,994,330 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,564,922 |
| Regular shares | 66,124,094 |
| All Other Shares & Deposits | 85,431,783 |
| TOTAL SHARES & DEPOSITS | 181,120,798 |
| TOTAL LIABILITIES | 193,115,402 |
| Regular Reserve | 0 |
| Other Reserves | 8,222,658 |
| Undivided Earnings | 14,996,444 |
| TOTAL EQUITY | 23,219,102 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 216,334,504 |
| INCOME & EXPENSE | |
| Loan Income | 6,600,979 |
| Investment Income | 1,352,065 |
| Other Income | 82,097 |
| Total Employee Compensation & Benefits | 1,952,083 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,278,509 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,000 |
| Cost of Funds | 2,815,859 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,361,454 |
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