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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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