SRI Federal Credit Union

What SRI Federal Credit Union does

SRI Federal Credit Union (SRIFCU) is a federally chartered, member-owned credit union founded in 1957 by seven original SRI International employees to provide pooled savings and competitive-rate lending within the Silicon Valley research community. Headquartered at 333 Ravenswood Avenue, Menlo Park, California, with a second branch at NASA Ames Research Center (Moffett Field), SRIFCU operates within a statutorily restricted field of membership that today encompasses SRI International employees, SRI spin-off company employees (including PARC, LeoLabs, and Ravenswood Solutions), NASA civil servants and exchange employees, Ames Federal Employees Union members, SRI Alumni Association members, and the Palo Alto chapter of the Association of Women in Science and Financial Fitness Association.

The credit union delivers a full consumer banking product suite spanning deposit products (Core Savings at 3.50% APY, Checking, Money Market with tiered rates up to 3.95% APY, Certificates up to 4.15% APY, IRA Savings/Certificates, and HSAs at 3.25% APY) and lending products (auto loans at 4.99% APR, RV/boat/motorcycle loans, mortgages originated through LoanLock with NMLS Institution #466005, HELOCs at 6.75% variable APR, student loans through Credit Union Student Choice, and Visa credit cards ranging from 8.00% to 13.5% APR). Distribution is built on two physical branches, a web-based online banking platform, iOS and Android mobile apps (IFS Banking mobile platform), digital wallet integration (Apple Pay, Samsung Pay, Google Pay), the CO-OP ATM network of nearly 30,000 surcharge-free ATMs, Culiance and STAR Networks, and toll-free phone banking.

SRIFCU's revenue model is the standard credit union model: net interest margin from lending operations funded by member deposits, supplemented by Visa interchange, wire transfer fees ($25 domestic, $30 international), notary fees ($15 per signature after two free), gift card fees ($3.95 per card), and revenue-share arrangements with LoanLock and Credit Union Student Choice. Additional revenue and member engagement are generated through the UChoose Rewards program on the Visa Gold card, government shutdown emergency lending, GAP insurance and Mechanical Repair Coverage through CUNA Mutual, and ancillary services such as Skip-a-Payment and travel notifications. All deposits are federally insured by the NCUA up to $250,000.

Name

SRI Federal Credit Union

Legal name

SRI Federal Credit Union

Website

https://srifcu.org

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

SRI Federal Credit Union is a federally chartered, member-owned credit union founded in 1957 serving SRI International employees, NASA Ames personnel, and affiliated organizations in California's Silicon Valley with deposit accounts, consumer and mortgage lending, Visa credit cards, and digital banking services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130), Depository Credit Intermediation (5221), Credit Card Issuing (522210)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Virtual / Digital-First Credit Cards (FSAKABAK)

Keywords

• Retail banking services
• Consumer lending products
• Credit union deposits
• Mortgage lending services
• Financial cooperative

Headquarters

HQ city

Menlo Park

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Loan Interest Income: Primary revenue from interest charged on auto loans, mortgages, HELOCs, personal loans, student loans, RV/boat loans, and credit cards. Competitive rates targeting members of SRI International ecosystem.
2. Deposit Taking and Savings Products: Accepts member deposits through savings, checking, money market, certificates, IRAs, and HSAs. Pays dividends to members while using deposits for lending operations.
3. Credit Card Interchange: Visa credit card interchange fees from card transactions. Offers multiple card products including Visa Platinum, Visa Gold with UChoose Rewards, and Visa2 Gold.
4. Service Fees: Fees for wire transfers ($25 domestic, $30 international), notary services ($15 per signature after first two free), overdraft protection, and other ancillary banking services.
5. Third-Party Partner Revenue Share: Revenue sharing arrangements with third-party partners including LoanLock (mortgages) and Credit Union Student Choice (student loans).

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels7 records

Core offering

SRI Federal Credit Union is a federally chartered, member-owned financial cooperative offering a full suite of consumer banking products including savings, checking, money market, certificates, IRAs, HSAs, and youth accounts, alongside lending products such as auto loans, mortgages, HELOCs, student loans, RV/boat loans, and Visa credit cards. It distributes these products through two California branches, online and mobile banking platforms, partner networks (LoanLock, Credit Union Student Choice), and access to nearly 30,000 CO-OP ATMs.

Product overview

SRI Federal Credit Union is a member-owned financial cooperative offering a comprehensive suite of banking and lending products. The core offerings include multiple account types (Core Savings, Checking, Money Market, Certificates, IRAs, HSAs, and age-specific Youth/Teen/Graduate accounts) and lending products (Auto Loans, Mortgages, HELOCs, Student Loans, and specialty Boat/RV/Motorcycle loans). Credit products include three Visa credit cards (Platinum, Gold with UChoose Rewards, and Visa2 Gold) with varying rates and rewards. Digital banking services encompass Online Banking, Mobile Banking (iOS/Android apps), and Digital Wallet support (Apple Pay, Samsung Pay, Google Pay). Additional services include wire transfers, notary services, travel notifications, Visa gift cards, Skip-a-Payment, GAP insurance, Mechanical Repair Coverage, and fraud monitoring text alerts. The credit union partners with LoanLock for mortgages, Credit Union Student Choice for student loans, and participates in CO-OP, Culiance, and STAR ATM networks. A Government Shutdown Assistance Loan program provides emergency support for federal employees. All deposits are federally insured by NCUA up to $250,000.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Savings Account High-yield primary savings account for members offering 3.50% APY on the first $5,000 and 0.30% APY on balances above $5,000, with no monthly fees.
• Checking Account Free consumer checking account with no minimum balance, no monthly fees, free Visa debit card, ATM surcharge rebates, free bill pay, and overdraft protection.
• Certificates of Deposit (CDs) Term deposit accounts with terms from 6 months to 5 years offering rates from 3.50% to 4.15% APY, including a 6-month 'New Money' CD special at 4.15% APY. $1,000 minimum deposit.
• Money Market Account Tiered-rate money market savings account for members with $2,500 minimum, yielding from 1.60% APY to 3.95% APY depending on balance.
• Individual Retirement Accounts (IRAs) Traditional and Roth IRA savings and certificate options for retirement savings with no setup, transfer, monthly, or annual fees.
• Health Savings Account (HSA) Tax-advantaged savings account for qualified medical expenses paying 3.25% APY, with no minimum balance, no account fees, and a free Visa HSA debit card.
• Auto Loans New and used vehicle loans for members at 4.99% APR up to 72 months with up to 100% financing, plus a 0.26% rate discount for Zero Emission Vehicles and $500 cash back on external refinancing.
• Boat, Motorcycle, Watercraft & RV Loans Specialty vehicle financing including new/used motorcycles (6.50%-6.75% APR), RVs (6.99%-7.99% APR up to 180 months), boats (7.99% APR), and ATVs/snowmobiles (5.00% APR).
• Mortgages Residential mortgage financing including fixed-rate, adjustable-rate, FHA, VA, purchase, and refinance loans for primary residences, second homes, and investment properties, offered via the LoanLock partnership.
• Home Equity Lines of Credit (HELOC) Variable-rate home equity lines of credit indexed to the Wall Street Journal Prime Rate at 6.75% APR for 80% LTV owner-occupied properties, with limits from $100,000 to $500,000, zero points, and zero closing costs.
• Student Loans Private undergraduate, graduate, and consolidation student loans through Credit Union Student Choice, with borrowing up to $125,000, zero origination fees, in-school deferment, and co-signer release.
• Visa Credit Cards Three Visa card products: Visa Platinum (variable 8.00% APR, $10K-$50K limits), Visa Gold with UChoose Rewards (fixed 13.5% APR, points-based rewards), and Visa2 Gold (fixed 9.9% APR), all with no annual, cash advance, or foreign transaction fees.
• Government Shutdown Assistance Loan Emergency loan for current federal government employee members during government shutdowns, providing up to $10,000 at 4.99% APR over 18 months with zero interest if repaid within 60 days of return-to-work.
• Youth, Teen & Graduate Accounts Age-tiered account program for children, teens (13-17 with debit card and optional credit card), and graduate-age young adults with savings, money market, certificates, and educational financial tools.
• Online Banking 24/7 web-based banking platform for account management, fund transfers, bill payment, eStatements, remote deposits, person-to-person transfers, loan payments, UChoose Rewards, and account alerts.
• Mobile Banking App iPhone and Android smartphone application providing mobile check deposits, fund transfers, bill payments, and full account access on the go.
• Digital Wallet Support Contactless mobile payment support via Apple Pay, Samsung Pay, and Google Pay across all Visa debit and credit cards issued by the credit union.

Quantifiable outcome

• 3.50% APY on Core Savings Tier (first $5,000) vs national average of ~0.45%
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability1 record

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Credit Union Student ChoicecoreChannel Partner/ Reseller/ DistributorPartnership with Credit Union Student Choice (CUSC) offering private student loans at competitive rates for undergraduate and graduate students. Provides borrowing up to $75,000 aggregate (undergrad), $100,000 (graduate), or $125,000 (consolidation). Zero origination fees with flexible repayment options.
• LoanLockcoreChannel Partner/ Reseller/ DistributorMortgage origination partnership with LoanLock providing access to 2,000+ home loan products and programs. Dedicated Senior Mortgage Loan Officer Apryll Held serves SRIFCU members for purchase, refinance, FHA, VA, fixed and adjustable rate mortgages.
• CO-OP Financial ServicescoreTechnology or IntegrationCO-OP ATM network membership providing access to nearly 30,000 surcharge-free ATMs nationwide, including many that accept deposits. CO-OP ATM Locator app available for iPhone and Android.
• UChoose RewardscoreTechnology or IntegrationPoints-based rewards program for Visa Gold cardholders. Earn one point per dollar spent, redeemable for cash, travel, merchandise, gift cards, and more. Points have a three-year life and can be pooled with family members.
• VisacoreTechnology or IntegrationPayment network partnership for Visa credit and debit cards. Offers Visa Platinum, Visa Gold with UChoose Rewards, Visa2 Gold, and debit cards. Includes fraud monitoring, travel benefits, and contactless tap-to-pay functionality.
• iGradminorStrategic or Co-development PartnerFinancial education resource partner providing student loan literacy tools and resources for SRIFCU student loan borrowers.
• BalanceminorImplementation/ SI/ Consulting PartnerDebt counseling company providing telephone financial fitness program required for Member Mortgage Assistance Program (MMAP) applicants.
• CUNA Mutual Insurance Agency / Consumer Program AdministratorsminorStrategic or Co-development PartnerProvides MEMBER'S CHOICE Mechanical Repair Coverage and Guaranteed Asset Protection (GAP) with Deductible Assistance for auto loans. Administered by Consumer Program Administrators, Inc. in most states.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SchoolsFirst Federal Credit Union: Large employer-affiliated credit union serving California school employees and broader community. Comparable single-anchor-employer cooperative structure, with a more scaled California footprint and similar comprehensive lending and deposit products.
• First Tech Federal Credit Union: Technology industry-focused credit union serving employees of major tech companies. Comparable employer-affiliated model targeting Silicon Valley-style membership with full digital banking and consumer lending products.
• Digital Federal Credit Union (DCU): Originally chartered for employees of Digital Equipment Corporation, now a large tech-community credit union. Directly comparable as an employer-affiliated credit union that scaled beyond its original membership into a broader tech ecosystem.
• Stanford Federal Credit Union: Serves Stanford University employees, students, and alumni with a similar employer-affiliated credit union model. Directly comparable in member-base structure (single anchor employer in Silicon Valley), product breadth, and community-cooperative positioning.
• NASA Federal Credit Union: Federal credit union serving NASA and aerospace community members. Highly comparable due to overlapping federal-employee membership with SRIFCU's NASA Ames branch, including similar government shutdown support products and federal-employee focused lending.
• BECU (Boeing Employees Credit Union): One of the largest U.S. credit unions, originally serving Boeing employees. Comparable employer-affiliated charter with similar member-cooperative structure, full product suite, and Seattle-area concentration analogous to SRIFCU's Menlo Park footprint.

Regional players

• Patelco Credit Union: California-based credit union serving the Bay Area and broader Northern California with comparable consumer banking and lending products. Comparable California geographic focus and similar mid-size cooperative positioning.
• Golden 1 Credit Union: California's largest credit union, headquartered in Sacramento. Comparable California footprint and full-service consumer banking/lending product suite, though operating at substantially larger scale.
• Pacific Service Credit Union: California-based credit union serving Bay Area employees with similar community-style cooperative model. Comparable California geography, employer-affiliated membership origins, and consumer banking focus.

Emerging players

• Connexus Credit Union: Mid-size credit union with strong digital banking platform and consumer lending focus. Comparable in product breadth and digital-first member experience, though operating nationally rather than within a defined field of membership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SRIFCU
• Instagraminstagram.com/srifcu
• LinkedInlinkedin.com/company/sri-federal-credit-union

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SRI Federal Credit Union