Dec, 31, 2023 — SHARED RESOURCES CREDIT UNION is a federally insured state chartered credit union headquartered in Pasadena, TX with 2 branch locations and about $27.26 million in total assets. Opened 75 years ago in 1949, SHARED RESOURCES CREDIT UNION has about 2,988 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHARED RESOURCES CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 888 Pasadena, TX 77501 |
| Phone: | (713) 473-9244 |
| Fax: | (713) 475-1031 |
| Website: | https://www.srcu.net |
| Branches: | 2 branch locations |
| Members: | 2,988 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67477 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,256,600 |
| CEO/Manager: | Stephanie Salazar |
| Chairperson: | Bennett Radin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 179,595 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,377,474 |
| Unsecured Loans | 1,523,913 |
| Other Loans | 15,198,831 |
| TOTAL LOANS | 20,100,220 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -217,900 |
| Land And Building | 149,036 |
| Other Fixed Assets | 115,162 |
| NCUSIF Deposit | 231,514 |
| All Other Assets | 12,773 |
| TOTAL ASSETS | 27,256,600 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 670,210 |
| Accounts Payable & Other Liabilities | 563,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,741,402 |
| Regular shares | 11,055,093 |
| All Other Shares & Deposits | 4,880,876 |
| TOTAL SHARES & DEPOSITS | 22,677,367 |
| TOTAL LIABILITIES | 23,910,711 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,345,889 |
| TOTAL EQUITY | 3,345,889 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,256,600 |
| INCOME & EXPENSE | |
| Loan Income | 1,172,491 |
| Investment Income | 327,724 |
| Other Income | 576,442 |
| Total Employee Compensation & Benefits | 572,210 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,237,661 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,349 |
| Cost of Funds | 132,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 171,083 |
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