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SHAW UNIVERSITY FEDERAL CREDIT UNION

Dec, 31, 2021 — SHAW UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 1 branch location and about $521,931 in total assets. Opened 53 years ago in 1969, SHAW UNIVERSITY FEDERAL CREDIT UNION has about 61 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SHAW UNIVERSITY FEDERAL CREDIT UNION
Address:
(Main Office)
118 E South St
RALEIGH, NC 27601
Phone:(919) 546-8440
Fax:(919) 546-8325
Website:n/a
Branches:1 branch locations
Members:61
Credit Union Type:Federal Credit Union
Charter Number:19826
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1969
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$521,931
CEO/Manager:NNAMDI I ONUORAH
Chairperson:Bobby Sanders

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,659
TOTAL INVESTMENTS 341,185
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 133,104
 Other Loans 13,675
 TOTAL LOANS 146,779
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,352
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,043
 All Other Assets 1,617
  TOTAL ASSETS 521,931
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 830
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 409,985
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 409,985
  TOTAL LIABILITIES 410,815
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 111,116
  TOTAL EQUITY 111,116
  TOTAL LIABILITIES, SHARES, & EQUITY 521,931
INCOME & EXPENSE  
 Loan Income 14,518
 Investment Income 1,811
 Other Income 677
 Total Employee Compensation & Benefits 12,450
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,209
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 888
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -541
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