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SRI FEDERAL CREDIT UNION

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.


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: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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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