Dec, 31, 2023 — STRATEGIC FEDERAL CREDIT UNION is a federal credit union headquartered in STERLING, VA with 2 branch locations and about $21.64 million in total assets. Opened 51 years ago in 1973, STRATEGIC FEDERAL CREDIT UNION has about 1,016 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STRATEGIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22110 Pacific Blvd Ste 100 STERLING, VA 20166 |
| Phone: | (571) 250-2019 |
| Fax: | (571) 250-4801 |
| Website: | https://www.strategicfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,016 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21319 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,635,200 |
| CEO/Manager: | Jerry Macomber |
| Chairperson: | Edwin Gardner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 256,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,266,764 |
| Unsecured Loans | 715,448 |
| Other Loans | 3,400,459 |
| TOTAL LOANS | 16,382,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,208 |
| Land And Building | 0 |
| Other Fixed Assets | 2,407 |
| NCUSIF Deposit | 200,431 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,635,200 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 172,666 |
| Accounts Payable & Other Liabilities | 43,890 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,289,142 |
| Regular shares | 9,778,417 |
| All Other Shares & Deposits | 5,333,066 |
| TOTAL SHARES & DEPOSITS | 19,400,625 |
| TOTAL LIABILITIES | 19,617,181 |
| Regular Reserve | 0 |
| Other Reserves | 225,314 |
| Undivided Earnings | 1,792,705 |
| TOTAL EQUITY | 2,018,019 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,635,200 |
| INCOME & EXPENSE | |
| Loan Income | 821,876 |
| Investment Income | 136,179 |
| Other Income | 65,408 |
| Total Employee Compensation & Benefits | 429,739 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 314,923 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,987 |
| Cost of Funds | 132,560 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,304 |
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