Shared Resources Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741162836 ✦ Pasadena, TX ✦ Designated as a 501(c)(14)

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Overview

What is Shared Resources Credit Union?

Shared Resources Credit Union is a member-owned financial institution based in Pasadena, Texas. With over 2,979 accounts as of December 31, 2022, the credit union offers various savings accounts to its members of all ages. These accounts, including the Member Savings Accounts, pay quarterly dividends and provide access through a branch network, online banking, telephone, and ATMs. The credit union also has special savings accounts designed specifically for children to foster consistent savings habits. Committed to serving its members, Shared Resources Credit Union provides quality services in a conscientious manner, aiming to develop new business and enhance existing relationships.


Official website here: www.srcu.net

What do the Facebook reviews say about Shared Resources Credit Union?

100% of 6 reviewers on Facebook recommend Shared Resources Credit Union. Here is a summary of their reviews:

Customers consistently praise the personable and attentive service offered at Shared Resources Credit Union. Many highlight that the institution provides comparable products and services to larger banks but in a more customer-friendly environment.

Overall, the sentiment is overwhelmingly positive, with users feeling valued and satisfied with their banking experience. The emphasis on great people and personal service seems to resonate strongly with those who have used their services.


This AI summary has been generated from reviews found on Facebook.

Is Shared Resources Credit Union legitimate?

Shared Resources Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Shared Resources Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $119,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,351

For more financial information, click here


Official website here: www.srcu.net

What is the mission statement of Shared Resources Credit Union?

Shared Resources Credit Union is dedicated to serving its members by providing high-quality services in a responsible manner. This commitment aims to foster new business opportunities and strengthen existing relationships. The credit union offers various share accounts, including savings accounts that pay dividends quarterly and provide access through the branch network, online banking, telephone, and ATMs. The institution also has special savings accounts designed for children to encourage the development of consistent saving habits.


Official website here: www.srcu.net

Who is the CEO of Shared Resources Credit Union?

Stephanie Salazar is the President/Ceo of Shared Resources Credit Union. The CEO's salary of Shared Resources Credit Union is $93,104 and their total compensation is $119,597.


Official website here: www.srcu.net

What is the revenue of Shared Resources Credit Union?

Shared Resources Credit Union's revenue in 2022 was $2,008,412.


Official website here: www.srcu.net

Who are the executives of Shared Resources Credit Union and what are their salaries?

The average compensation at Shared Resources Credit Union during 2022 was $51,118. There are 8 employees and 10 volunteers at Shared Resources Credit Union.


Here are 11 key members and their salaries (Shared Resources Credit Union's CEO's salary is $93,104 and their total compensation is $119,597):


Stephanie Salazar (President/Ceo)
  • Compensation: $93,104
  • Related: $0
  • Other: $26,493
Scott Buchanan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clyde Coxie Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jd Johnson (Director (Until May 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Ramphal (Director (As Of June 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Rothman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Whigham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bennett Radin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Trujillo (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Mullins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.srcu.net

Where can I find the form 990 for Shared Resources Credit Union?

Shared Resources Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.srcu.net

Learn more at the official website: www.srcu.net

Mission Statement of Shared Resources Credit Union

Shared Resources Credit Union is dedicated to fulfilling the needs of its members by offering high-quality services with thoughtfulness, aiming to foster new business relationships and strengthen existing ones.

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Impact




October, 2024

Shared Resources Credit Union has a significant impact on the financial well-being of its members, fostering a culture of savings and community engagement. With over 2,979 member-owned accounts as of December 31, 2022, the credit union provides a variety of services designed to meet the diverse needs of its members, regardless of age.

Members benefit from share accounts that pay dividends quarterly, ensuring their savings grow over time. The credit union emphasizes accessibility, offering services through a network of branches, internet banking, and ATMs, making it convenient for members to manage their finances. Furthermore, the special savings accounts created for children serve to instill consistent savings habits from an early age, promoting financial literacy among the younger generation.

In addition to enhancing individual financial security, Shared Resources Credit Union is dedicated to developing new business and strengthening existing relationships within the community. By prioritizing quality service and conscientious operations, the credit union not only supports individual members but also contributes to the overall economic health and cohesion of Pasadena and surrounding areas.




This information is meant to be a general summary of Shared Resources Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,008,412 (2022)
Expenses
$1,912,509 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $113,987
  • Program Service Revenue: $1,894,425
  • Gross Receipts: $2,008,412

Assets and Liabilities:

  • Total Assets: $29,079,029
  • Total Liabilities: $25,768,002
  • Net Assets: $3,311,027

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$1,124,920

FEES AND CHARGES

Revenue

$593,266

MISCELLANEOUS INCOME

Revenue

$176,239

Organization Details

Founding Year

1949

Principal Officer

Stephanie Salazar

Main Address

2102 EAST PASADENA FREEWAY, PASADENA, TX, 77506

NTEE Category

Code: W60 - Public benefit

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