Dec, 31, 2023 — UNITED STATES SENATE FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $1.46 billion in total assets. Opened 89 years ago in 1935, UNITED STATES SENATE FEDERAL CREDIT UNION has about 61,527 members and employs 140 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED STATES SENATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1310 Braddock Pl ALEXANDRIA, VA 22314-1691 |
| Phone: | (703) 329-8466 |
| Fax: | (703) 329-4955 |
| Website: | https://www.ussfcu.org |
| Branches: | 4 branch locations |
| Members: | 61,527 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 624 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,460,397,266 |
| CEO/Manager: | Timothy L Anderson |
| Chairperson: | James R Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 167,850,935 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 707,405,843 |
| Unsecured Loans | 240,055,792 |
| Other Loans | 213,697,402 |
| TOTAL LOANS | 1,161,159,037 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,112,446 |
| Land And Building | 25,160,745 |
| Other Fixed Assets | 1,586,290 |
| NCUSIF Deposit | 10,284,331 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,460,397,266 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,848,062 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,457,285 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 205,097,783 |
| Regular shares | 186,965,190 |
| All Other Shares & Deposits | 944,906,494 |
| TOTAL SHARES & DEPOSITS | 1,336,969,467 |
| TOTAL LIABILITIES | 1,347,274,814 |
| Regular Reserve | 0 |
| Other Reserves | -5,212,626 |
| Undivided Earnings | 118,335,078 |
| TOTAL EQUITY | 113,122,452 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,460,397,266 |
| INCOME & EXPENSE | |
| Loan Income | 65,832,891 |
| Investment Income | 4,523,263 |
| Other Income | 821,532 |
| Total Employee Compensation & Benefits | 17,967,511 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,028,132 |
| Non-operating Income & (Expense) | 17,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,053,677 |
| Cost of Funds | 25,585,217 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,720,293 |
| ↑ Back to Top | |