Sep, 30, 2025 — SECURITYPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 5 branch locations and about $576.18 million in total assets. Opened 88 years ago in 1938, SECURITYPLUS FEDERAL CREDIT UNION has about 35,849 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SECURITYPLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7135 Windsor Blvd BALTIMORE, MD 21244 |
| Phone: | (410) 281-6200 |
| Fax: | (410) 281-6273 |
| Website: | https://www.securityplusfcu.org |
| Branches: | 5 branch locations |
| Members: | 35,849 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2769 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $576,182,104 |
| CEO/Manager: | Mike Barr |
| Chairperson: | Barbara G Cuffie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,586,493 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 326,441,287 |
| Unsecured Loans | 24,244,049 |
| Other Loans | 90,948,249 |
| TOTAL LOANS | 441,633,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,279,012 |
| Land And Building | 2,429,964 |
| Other Fixed Assets | 2,224,043 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,118,821 |
| All Other Assets | 0 |
| TOTAL ASSETS | 576,182,104 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,375,000 |
| Accounts Payable & Other Liabilities | 6,844,478 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 4,600,000 |
| Share Drafts | 78,487,165 |
| Regular shares | 193,363,268 |
| All Other Shares & Deposits | 229,679,069 |
| TOTAL SHARES & DEPOSITS | 501,529,502 |
| TOTAL LIABILITIES | 521,348,980 |
| Regular Reserve | 0 |
| Other Reserves | 1,989,013 |
| Undivided Earnings | 52,844,111 |
| TOTAL EQUITY | 54,833,124 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 576,182,104 |
| INCOME & EXPENSE | |
| Loan Income | 15,714,669 |
| Investment Income | 4,622,768 |
| Other Income | 1,606,800 |
| Total Employee Compensation & Benefits | 6,599,940 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,968,731 |
| Non-operating Income & (Expense) | -1,685 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,542,250 |
| Cost of Funds | 4,822,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 485,244 |
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