Dec, 31, 2023 — SRP FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH AUGUSTA, SC with 20 branch locations and about $1.69 billion in total assets. Opened 64 years ago in 1960, SRP FEDERAL CREDIT UNION has about 197,077 members and employs 423 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SRP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1070 Edgefield Rd NORTH AUGUSTA, SC 29860 |
| Phone: | (803) 278-4851 |
| Fax: | (803) 202-4399 |
| Website: | https://www.srpfcu.org |
| Branches: | 20 branch locations |
| Members: | 197,077 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24410 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,688,196,048 |
| CEO/Manager: | Eric Jenkins |
| Chairperson: | Sandra J Devoe Bland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 201,062,715 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 988,893 |
| Real Estate Loans | 489,729,302 |
| Unsecured Loans | 143,510,912 |
| Other Loans | 454,624,207 |
| TOTAL LOANS | 1,087,864,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,403,588 |
| Land And Building | 28,264,755 |
| Other Fixed Assets | 4,166,028 |
| NCUSIF Deposit | 14,246,561 |
| All Other Assets | 502,119 |
| TOTAL ASSETS | 1,688,196,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 82,369 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,118,358 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 423,894,106 |
| Regular shares | 833,695,009 |
| All Other Shares & Deposits | 188,740,584 |
| TOTAL SHARES & DEPOSITS | 1,446,329,699 |
| TOTAL LIABILITIES | 1,475,222,118 |
| Regular Reserve | 0 |
| Other Reserves | -117,705 |
| Undivided Earnings | 213,091,635 |
| TOTAL EQUITY | 212,973,930 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,688,196,048 |
| INCOME & EXPENSE | |
| Loan Income | 60,175,660 |
| Investment Income | 14,200,672 |
| Other Income | 18,774,401 |
| Total Employee Compensation & Benefits | 34,153,689 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,873,899 |
| Non-operating Income & (Expense) | -359,152 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,971,414 |
| Cost of Funds | 8,896,997 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,258,284 |
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