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SHAW UNIVERSITY FEDERAL CREDIT UNION

Sep, 30, 2022 — 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 54 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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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