Dec, 31, 2023 — SHAW-ROSS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 1 branch location and about $7.11 million in total assets. Opened 42 years ago in 1982, SHAW-ROSS EMPLOYEES CREDIT UNION has about 631 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHAW-ROSS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 NW 163rd St MIAMI, FL 33169-5641 |
| Phone: | (305) 625-4171 |
| Fax: | (305) 625-7210 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 631 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67327 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,114,662 |
| CEO/Manager: | Sergio Paliska |
| Chairperson: | Steven Becker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,125,425 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 275,406 |
| Other Loans | 0 |
| TOTAL LOANS | 275,406 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,750 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 57,563 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,114,662 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65,424 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,037,532 |
| All Other Shares & Deposits | 2,721 |
| TOTAL SHARES & DEPOSITS | 6,040,253 |
| TOTAL LIABILITIES | 6,106,561 |
| Regular Reserve | 0 |
| Other Reserves | 120,000 |
| Undivided Earnings | 888,101 |
| TOTAL EQUITY | 1,008,101 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,114,662 |
| INCOME & EXPENSE | |
| Loan Income | 40,266 |
| Investment Income | 194,644 |
| Other Income | 319 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,397 |
| Cost of Funds | 181,478 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,988 |
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