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SECURITY PLUS FEDERAL CREDIT UNION

Mar, 31, 2021 — SECURITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSSELLVILLE, KY with 1 branch location and about $759,570 in total assets. Opened 62 years ago in 1959, SECURITY PLUS FEDERAL CREDIT UNION has about 144 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SECURITY PLUS FEDERAL CREDIT UNION
Address:
(Main Office)
232 HOPKINSVILLE RD
RUSSELLVILLE, KY 42276
Phone:(270) 726-0207
Fax:(270) 726-0238
Website:n/a
Branches:1 branch locations
Members:144
Credit Union Type:Federal Credit Union
Charter Number:13241
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1959
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$759,570
CEO/Manager:Patricia Thom
Chairperson:david Kinser

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 188,101
TOTAL INVESTMENTS 190,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 12,539
 Other Loans 365,567
 TOTAL LOANS 378,106
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,474
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 4,077
 All Other Assets 4,760
  TOTAL ASSETS 759,570
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,731
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 440,151
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 440,151
  TOTAL LIABILITIES 441,882
 Regular Reserve 54,645
 Other Reserves 0
 Undivided Earnings 263,043
  TOTAL EQUITY 317,688
  TOTAL LIABILITIES, SHARES, & EQUITY 759,570
INCOME & EXPENSE  
 Loan Income 6,165
 Investment Income 167
 Other Income 195
 Total Employee Compensation & Benefits 4,652
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,994
 Non-operating Income & (Expense) 57
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -62
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