Sep, 30, 2021 — SHARED RESOURCES CREDIT UNION is a federally insured state chartered credit union headquartered in Pasadena, TX with 2 branch locations and about $29.12 million in total assets. Opened 72 years ago in 1949, SHARED RESOURCES CREDIT UNION has about 3,158 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: | 3,158 |
| 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: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,124,105 |
| CEO/Manager: | Stephanie L Salazar |
| Chairperson: | Bennett Radin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,046,205 |
| TOTAL INVESTMENTS | 8,706,137 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,649,435 |
| Unsecured Loans | 1,668,425 |
| Other Loans | 13,579,714 |
| TOTAL LOANS | 17,897,574 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,843 |
| Land And Building | 189,541 |
| Other Fixed Assets | 195,101 |
| NCUSIF Deposit | 243,214 |
| All Other Assets | 951,176 |
| TOTAL ASSETS | 29,124,105 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 654,870 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,738,648 |
| Regular shares | 11,343,181 |
| All Other Shares & Deposits | 8,232,071 |
| TOTAL SHARES & DEPOSITS | 25,313,900 |
| TOTAL LIABILITIES | 25,968,770 |
| Regular Reserve | 712,950 |
| Other Reserves | 0 |
| Undivided Earnings | 2,442,385 |
| TOTAL EQUITY | 3,155,335 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,124,105 |
| INCOME & EXPENSE | |
| Loan Income | 825,619 |
| Investment Income | 62,373 |
| Other Income | 419,829 |
| Total Employee Compensation & Benefits | 410,410 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 940,009 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,917 |
| Cost of Funds | 61,155 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,503 |
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