EIN 74-1162836

Shared Resources Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
9
State
Year formed
1949
Most recent tax filings
2023-12-01
Description
Shared Resources CU serves members' needs with quality services, including share accounts & consumer loans for vehicles, boats, motorcycles & home equity.
Related structure
Shared Resources Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$2,158,957
2023
Total expenses
$1,987,877
2023
Total assets
$27,246,203
2023
Num. employees
9
2023

Program areas at Shared Resources Credit Union

Share accounts - Shared Resources Credit Union share accounts offer advantages to members of all ages. The Credit Union had more than 2,988 member-owned accounts on december 31, 2023. Member savings accounts pay dividends quarterly and offer access through the branch network, home banking via the internet, or telephone and atms. Special savings accounts developed for children encourage the development of consistent savings habits.
Consumer loans - Shared Resources Credit Union has provided personal loans since its early years. The consumer loan product line now includes efficient underwriting and flexible offerings for vehicles, recreational vehicles, boats, motorcycles and home equity loans. Consumer life and disability insurance is available on any of these loan types. At 12/31/2023 the Credit Union had loan balances of $20,102,591.
Checking accounts - Shared Resources Credit Union provides checking accounts for consumers with various features, which include receiving dividends on a monthly basis. Additionally, the Credit Union extends the reach of these accounts to all members with free debit cards, internet account access and free use of the internet bill pay program.

Personnel at Shared Resources Credit Union

NameTitleCompensation
Stephanie SalazarPresident and Chief Executive Officer$92,349
Wendy LopezExecutive Vice President

Financials for Shared Resources Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,809,743
Investment income and dividends$349,214
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,158,957

Form 990s for Shared Resources Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-30990View PDF
2022-122023-11-08990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s

Organizations like Shared Resources Credit Union

OrganizationLocationRevenue
USE Credit Union / U S Employees Credit UnionTomball, TX$3,694,785
Longview Consolidated Credit UnionLongview, TX$563,636
North East Texas Credit UnionLone Star, TX$9,477,993
Trinity Valley Teacher Credit UnionPalestine, TX$946,207
1st University Credit UnionWaco, TX$1,574,767
Space City Credit UnionHouston, TX$9,453,039
United Community Credit UnionGalena Park, TX$9,495,126
Members First Credit UnionCorpus Christi, TX$9,038,151
Vatat Credit UnionAustin, TX$647,934
Cooperative Teachers Credit Union (CTCU)Tyler, TX$7,427,752
Data update history
November 2, 2024
Updated personnel
Identified 3 new personnel
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
2102 E Pasadena Freeway
Pasadena, TX 77506
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
srcu.net/ 
Phone
(713) 473-9244
IRS details
EIN
74-1162836
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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