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SHARED RESOURCES CREDIT UNION

Dec, 31, 2021 — SHARED RESOURCES CREDIT UNION is a federally insured state chartered credit union headquartered in Pasadena, TX with 2 branch locations and about $28.92 million in total assets. Opened 73 years ago in 1949, SHARED RESOURCES CREDIT UNION has about 3,153 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313087299
Name:SHARED RESOURCES CREDIT UNION
Address:
(Main Office)
P.O. Box 888
Pasadena, TX 77501
Phone:(713) 473-9244
Fax:(713) 475-1031
Website:http://www.srcu.net
Branches:2 branch locations
Members:3,153
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67477
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1949
Last Audited:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$28,915,906
CEO/Manager:Stephanie L Salazar
Chairperson:Bennett Radin

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,579,701
TOTAL INVESTMENTS 7,714,137
Loans Held for Sale 0
 
 Real Estate Loans 2,791,339
 Unsecured Loans 1,726,986
 Other Loans 13,671,306
 TOTAL LOANS 18,189,631
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -83,344
 Land And Building 198,497
 Other Fixed Assets 178,965
 NCUSIF Deposit 243,214
 All Other Assets 895,105
  TOTAL ASSETS 28,915,906
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 582,196
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,475,860
 Regular shares 11,397,497
 All Other Shares & Deposits 8,245,231
  TOTAL SHARES & DEPOSITS 25,118,588
  TOTAL LIABILITIES 25,700,784
 Regular Reserve 712,952
 Other Reserves 0
 Undivided Earnings 2,502,170
  TOTAL EQUITY 3,215,122
  TOTAL LIABILITIES, SHARES, & EQUITY 28,915,906
INCOME & EXPENSE  
 Loan Income 1,111,872
 Investment Income 66,906
 Other Income 569,500
 Total Employee Compensation & Benefits 525,648
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,204,179
 Non-operating Income & (Expense) -67
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 29,332
 Cost of Funds 79,259
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 86,223
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