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.
Name: | SHARED RESOURCES CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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