Question 1

What is SRP Federal Credit Union (SRP FCU)?

Accepted Answer

SRP Federal Credit Union (SRP FCU) is a community-chartered federal credit union headquartered in North Augusta, South Carolina. Founded in 1960 to serve employees of the Savannah River Plant, the credit union has expanded significantly over its 65-year history. With approximately $1.98 billion in assets and nearly 200,000 members, SRP FCU serves the Central Savannah River Area (CSRA), spanning multiple counties across South Carolina and Georgia.

The credit union operates over 30 branch locations throughout its service area, offering comprehensive financial services to individuals, families, and businesses in the communities it serves.

Question 2

When was SRP Federal Credit Union (SRP FCU) founded?

Accepted Answer

SRP Federal Credit Union was founded on March 7, 1960, by a group of DuPont employees who worked at the Savannah River Plant (now known as the Savannah River Site), a nuclear facility operated by DuPont near Aiken, South Carolina. The credit union was established to provide financial services to the dedicated employees of this important government facility.

Over the decades, SRP FCU evolved from a small occupational credit union serving a single employer group into a community-chartered institution. The credit union's mission expanded to include residents, workers, and organizations throughout the CSRA region. In 2025, the credit union celebrated its 65th anniversary and opened a museum at its administrative campus to honor its rich history and the stories of the people who shaped the institution.

Question 3

Where is SRP Federal Credit Union (SRP FCU) headquartered?

Accepted Answer

SRP Federal Credit Union is headquartered at 1070 Edgefield Road in North Augusta, South Carolina. This location serves as the credit union's administrative campus and houses the SRP Museum, which opened in 2024 to showcase the institution's 65-year history through artifacts, historical photos, and interactive displays.

Question 4

Where does SRP Federal Credit Union (SRP FCU) operate?

Accepted Answer

SRP Federal Credit Union operates throughout the Central Savannah River Area (CSRA), serving members across a seven-county region. The credit union's field of membership includes:

In South Carolina: Aiken, Allendale, Barnwell, and Edgefield counties

In Georgia: Burke, Columbia, Jefferson, Lincoln, McDuffie, and Richmond counties

The credit union maintains more than 30 branch locations across both states, including branches in Augusta, Martinez, Evans, Grovetown, and Thomson in Georgia, and Aiken, North Augusta, Graniteville, Barnwell, Williston, and Edgefield in South Carolina. Members can also access their accounts through virtual teller machines, traditional ATMs, and the nationwide CO-OP ATM network.

Under the community charter guidelines, any person who lives, works, worships, volunteers, or attends school in the eligible counties is eligible for membership. Immediate family members and household members of existing members are also eligible to join.

Question 5

What services does SRP Federal Credit Union (SRP FCU) offer?

Accepted Answer

SRP Federal Credit Union offers a full suite of financial products and services for both personal and business banking needs:

Personal Banking: Savings accounts (share accounts), checking accounts, money market accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), health savings accounts (HSAs), and youth savings programs through the M3 Money Club.

Lending Services: Personal loans, auto loans, home mortgages, home equity loans and lines of credit, credit cards, and seasonal offerings like the Holiday Helper Loan program with competitive rates.

Business Banking: Business checking and savings accounts, business loans, business credit cards, and specialized services for nonprofits throughout the CSRA region.

Digital Banking: The SRP Mobile app provides 24/7 account access with features including mobile check deposit, bill pay, account transfers, card management tools, branch and ATM locators, and secure messaging. Online banking services are available through the credit union's website at srpfcu.org.

Financial Education: Free financial counseling services, the BALANCE program for financial education and wellness, fraud prevention resources, and educational programs for youth and teens through Elements of Money resources.

Question 6

What makes SRP Federal Credit Union (SRP FCU) unique?

Accepted Answer

SRP Federal Credit Union distinguishes itself through its deep community roots and commitment to giving back. The credit union's SRP Affinity Debit Card Program allows members to support local high schools by designating their school to receive funding every time they use their debit card—a tangible way members help their communities with everyday purchases.

The credit union demonstrates significant community investment through its "People Helping People" philosophy. The SRP Federal Credit Union Board of Directors regularly approves substantial donations to local charities, including $115,000 in Random Acts of Kindness donations to 23 local organizations in recent initiatives.

SRP FCU opened a museum at its administrative campus in December 2024, featuring replicas of the credit union's first ATM, historical photos, artifacts, and a detailed timeline chronicling 65 years of service. This museum preserves the credit union's heritage and connection to the Savannah River Site.

The credit union maintains a low-income designation from the NCUA, reflecting its commitment to serving economically diverse communities. With strong financial performance metrics including a 13.63% net worth ratio and consistent double-digit growth in assets, loans, and deposits, SRP FCU combines financial stability with community-focused service.

Question 7

What type of financial institution is SRP Federal Credit Union (SRP FCU)?

Accepted Answer

SRP Federal Credit Union is a federally chartered credit union regulated and insured by the National Credit Union Administration (NCUA). As a federal credit union, member deposits are insured up to $250,000 by the NCUA, an agency of the U.S. government that provides insurance protection equivalent to FDIC coverage for banks.

SRP FCU operates under a community charter, meaning membership is available to anyone who lives, works, worships, volunteers, or attends school within the defined geographic service area. This is a broader field of membership than the credit union's original occupational charter, which restricted membership to Savannah River Plant employees.

As a not-for-profit cooperative financial institution, SRP Federal Credit Union is owned by its members. Each member has equal voting rights regardless of account balance, and the credit union is governed by a volunteer board of directors elected from the membership. Profits are returned to members through competitive rates, lower fees, and enhanced services rather than being distributed to outside shareholders.

Question 8

How has SRP Federal Credit Union (SRP FCU) grown over the years?

Accepted Answer

From its humble beginnings serving DuPont employees at the Savannah River Plant in 1960, SRP Federal Credit Union has experienced remarkable growth. The credit union commemorated its 50th anniversary in 2010 by burying a time capsule, which was opened at the 65th Annual Meeting in 2025.

In 2010, the credit union served over 98,000 members. By 2025, that membership had nearly doubled to approximately 200,000 members across the CSRA. Assets grew from modest beginnings to nearly $2 billion, making SRP FCU one of the largest financial institutions in the region.

Recent financial data shows strong four-quarter growth rates: 10.36% in total assets, 22.75% in total loans, and 10.33% in total deposits. Member growth has also remained steady at 2.93% over four quarters. This consistent expansion reflects the credit union's ability to attract new members while maintaining strong service to existing members throughout its seven-county service area.

SRP Federal Credit Union (SRP FCU)

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About SRP Federal Credit Union (SRP FCU) in the United States