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 |
|---|---|
| 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 |
| 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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