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Overview / Commentary
1070 Edgefield Rd
North Augusta, SC 29860

SRP Credit Union is headquartered in North Augusta and is the 5th largest credit union in the state of South Carolina. It is also the 325th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 274 employees and 103,678 members. SRP Credit Union has a A health rating.

Field of Membership Restrictions

Membership in SRP Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Aiken, Edgefield, Barnwell, or Allendale counties in South Carolina, or Columbia, Richmond, or McDuffie counties in Georgia. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 SRP Credit Union had $3.17 million in non-current loans and owned real-estate with $63.2 million in equity and loan loss allowances on hand to cover it. This gives SRP Credit Union a Texas Ratio of 5.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for SRP Credit Union experienced no significant changes from 4.15% as of March 31, 2013 to 5.01% as of March 31, 2014, resulting in a negative change of 20.93%. This indicates that the balance sheet and financial strength for SRP Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, SRP Credit Union has increased its total deposits by $18.43 million, resulting in 3.03% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth SRP Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. SRP Credit Union has $694.11 million in assets with $63.2 million in equity, resulting in a capitalization level of 9.11%, which is average.

Institution Statistics

NCUA #24410
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$694.11 million
Loans$328.69 million
Deposits$627.21 million
Equity Capital$60.39 million
Loan Loss Allowance$2.81 million
Unbacked Noncurrent Loans$2.86 million
Real Estate Owned$308,000
Historic Data - March 2013
Assets$672.20 million
Equity Capital$55.65 million
Loan Loss Allowance$3.27 million
Unbacked Noncurrent Loans$2.86 million
Real Estate Owned$1,000
Profit Margin - Quarterly
Return on Assets0.44%
Return on Equity5.09%
Interest Income$4.68 million
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SRP Credit Union Savings Account Rates

0.08%--All Share Accounts
0.03%--Christmas Club
0.01%--Transactional Share Accounts

SRP Credit Union Checking Account Rates

0.01%--Share Draft Account

SRP Credit Union CD Rates

1.00%$500-60 Month CD
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.25%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD
0.01%$500-7 Day CD

SRP Credit Union IRA Rates

1.00%$500-60 Month IRA
0.55%$500-48 Month IRA
0.45%$500-36 Month IRA
0.35%$500-24 Month IRA
0.25%$500-18 Month IRA
0.20%$500-12 Month IRA
0.15%$500-6 Month IRA
0.10%$500-3 Month IRA
0.01%$500-7 Day IRA

SRP Credit Union has 20 locations. Click to view all SRP Credit Union locations.