Dec, 31, 2023 — SHAW-ROSS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 1 branch location and about $7.11 million in total assets. Opened 42 years ago in 1982, SHAW-ROSS EMPLOYEES CREDIT UNION has about 631 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHAW-ROSS EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1600 NW 163rd St MIAMI, FL 33169-5641 |
Phone: | (305) 625-4171 |
Fax: | (305) 625-7210 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 631 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67327 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,114,662 |
CEO/Manager: | Sergio Paliska |
Chairperson: | Steven Becker |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,125,425 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 275,406 |
Other Loans | 0 |
TOTAL LOANS | 275,406 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,750 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 57,563 |
All Other Assets | 0 |
TOTAL ASSETS | 7,114,662 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 65,424 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 884 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,037,532 |
All Other Shares & Deposits | 2,721 |
TOTAL SHARES & DEPOSITS | 6,040,253 |
TOTAL LIABILITIES | 6,106,561 |
Regular Reserve | 0 |
Other Reserves | 120,000 |
Undivided Earnings | 888,101 |
TOTAL EQUITY | 1,008,101 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,114,662 |
INCOME & EXPENSE | |
Loan Income | 40,266 |
Investment Income | 194,644 |
Other Income | 319 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,602 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,397 |
Cost of Funds | 181,478 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 30,988 |
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