Dec, 31, 2020 — SHAW UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 1 branch location and about $416,880 in total assets. Opened 52 years ago in 1969, SHAW UNIVERSITY FEDERAL CREDIT UNION has about 140 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: | 140 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19826 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $416,880 |
| CEO/Manager: | NNAMDI I ONUORAH |
| Chairperson: | Bobby Sanders |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,254 |
| TOTAL INVESTMENTS | 262,185 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 108,838 |
| Other Loans | 26,905 |
| TOTAL LOANS | 135,743 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,937 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 2,701 |
| All Other Assets | 1,934 |
| TOTAL ASSETS | 416,880 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 965 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 304,257 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 304,257 |
| TOTAL LIABILITIES | 305,222 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 111,658 |
| TOTAL EQUITY | 111,658 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 416,880 |
| INCOME & EXPENSE | |
| Loan Income | 16,726 |
| Investment Income | 2,754 |
| Other Income | 660 |
| Total Employee Compensation & Benefits | 14,100 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,943 |
| Non-operating Income & (Expense) | 73 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,450 |
| Cost of Funds | 1,581 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,861 |
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