Dec, 31, 2023 — SHAW UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 1 branch location and about $580,512 in total assets. Opened 55 years ago in 1969, SHAW UNIVERSITY FEDERAL CREDIT UNION has about 128 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: | 128 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19826 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $580,512 |
| CEO/Manager: | NNAMDI I ONUORAH |
| Chairperson: | Bobby Sanders |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 131,193 |
| Other Loans | 13,744 |
| TOTAL LOANS | 144,937 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,836 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 4,425 |
| All Other Assets | 0 |
| TOTAL ASSETS | 580,512 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 769 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 467,170 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 467,170 |
| TOTAL LIABILITIES | 467,939 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 112,573 |
| TOTAL EQUITY | 112,573 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 580,512 |
| INCOME & EXPENSE | |
| Loan Income | 14,027 |
| Investment Income | 14,795 |
| Other Income | 345 |
| Total Employee Compensation & Benefits | 14,300 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,311 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 9,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 915 |
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