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SECURITYPLUS FEDERAL CREDIT UNION

Dec, 31, 2023 — SECURITYPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 5 branch locations and about $579.28 million in total assets. Opened 86 years ago in 1938, SECURITYPLUS FEDERAL CREDIT UNION has about 35,918 members and employs 83 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:https://www.securityplusfcu.org
Branches:5 branch locations
Members:35,918
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$579,278,505
CEO/Manager:Tricia Szurgot
Chairperson:Barbara G Cuffie

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 79,742,939
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 278,050,131
 Unsecured Loans 26,983,680
 Other Loans 108,558,852
 TOTAL LOANS 413,592,663
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,602,576
 Land And Building 2,756,700
 Other Fixed Assets 3,476,270
 NCUSIF Deposit 4,068,942
 All Other Assets 0
  TOTAL ASSETS 579,278,505
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 14,250,000
 Accounts Payable & Other Liabilities 7,518,408
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 4,600,000
 Share Drafts 86,871,724
 Regular shares 196,159,430
 All Other Shares & Deposits 223,209,575
  TOTAL SHARES & DEPOSITS 506,240,729
  TOTAL LIABILITIES 532,609,137
 Regular Reserve 0
 Other Reserves -1,391,045
 Undivided Earnings 48,060,413
  TOTAL EQUITY 46,669,368
  TOTAL LIABILITIES, SHARES, & EQUITY 579,278,505
INCOME & EXPENSE  
 Loan Income 18,457,396
 Investment Income 5,149,812
 Other Income 2,347,425
 Total Employee Compensation & Benefits 8,878,882
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,064,099
 Non-operating Income & (Expense) 38
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,051,686
 Cost of Funds 4,382,678
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,682,104
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