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SECURITYPLUS FEDERAL CREDIT UNION

Jun, 30, 2021 — SECURITYPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in Baltimore, MD with 6 branch locations and about $482.28 million in total assets. Opened 83 years ago in 1938, SECURITYPLUS FEDERAL CREDIT UNION has about 34,458 members and employs 84 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: 252076714
Name:SECURITYPLUS FEDERAL CREDIT UNION
Address:
(Main Office)
7135 Windsor Blvd
Baltimore, MD 21244
Phone:(410) 281-6200
Fax:(410) 281-6273
Website:http://www.securityplusfcu.org
Branches:6 branch locations
Members:34,458
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$482,278,967
CEO/Manager:Mike Keener
Chairperson:Carolyn A Brooks

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,947,711
TOTAL INVESTMENTS 78,363,877
Loans Held for Sale 673,063
 
 Real Estate Loans 229,901,621
 Unsecured Loans 27,787,593
 Other Loans 66,856,737
 TOTAL LOANS 325,281,201
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,926,656
 Land And Building 3,017,090
 Other Fixed Assets 2,683,290
 NCUSIF Deposit 4,014,940
 All Other Assets 20,224,451
  TOTAL ASSETS 482,278,967
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,029,140
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 67,770,808
 Regular shares 190,242,069
 All Other Shares & Deposits 179,758,619
  TOTAL SHARES & DEPOSITS 437,771,496
  TOTAL LIABILITIES 441,800,636
 Regular Reserve 19,062,268
 Other Reserves -2,526,058
 Undivided Earnings 23,942,121
  TOTAL EQUITY 40,478,331
  TOTAL LIABILITIES, SHARES, & EQUITY 482,278,967
INCOME & EXPENSE  
 Loan Income 5,879,718
 Investment Income 572,676
 Other Income 811,506
 Total Employee Compensation & Benefits 3,101,816
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,672,301
 Non-operating Income & (Expense) 114,493
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -68,849
 Cost of Funds 680,274
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,602,033
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