Jun, 30, 2024 — SHAW UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 1 branch location and about $553,322 in total assets. Opened 56 years ago in 1969, SHAW UNIVERSITY FEDERAL CREDIT UNION has about 137 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: | 137 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19826 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $553,322 |
| CEO/Manager: | NNAMDI I ONUORAH |
| Chairperson: | Bobby Sanders |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 66,689 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 121,222 |
| Other Loans | 20,959 |
| TOTAL LOANS | 142,181 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,108 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 4,100 |
| All Other Assets | 0 |
| TOTAL ASSETS | 553,322 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 728 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 440,096 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 440,096 |
| TOTAL LIABILITIES | 440,824 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 112,498 |
| TOTAL EQUITY | 112,498 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 553,322 |
| INCOME & EXPENSE | |
| Loan Income | 12,006 |
| Investment Income | 3,372 |
| Other Income | 660 |
| Total Employee Compensation & Benefits | 9,900 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,132 |
| Non-operating Income & (Expense) | 500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,383 |
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