Civic Intelligence

Shared Resources Credit Union

EIN 74-1162836 • 501(c)14 • Pasadena, TX

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Profile

Shared resources credit union is committed to serving the needs of our members by providing quality service in a conscientious manner that will develop new business and enhance existing relationships.

2102 East Pasadena FreewayPasadena, TX 77506

www.srcu.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.88x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

11.07x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Net Margin

43rd percentile

7.9%

Higher net margin than 43% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-6.3%

Faster asset growth than 13% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

7.5%

Faster revenue growth than 44% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$25,888,101

Down $1,358,102 (-5.0%) from 2023

Liabilities

Down

$22,668,510

Down $1,231,803 (-5.2%) from 2023

Net Assets

Down

$3,219,591

Down $126,299 (-3.8%) from 2023

Operations
Liabilities / Revenue14th percentileNet Margin43rd percentile

Revenue

Up

$2,226,717

Up $67,760 (+3.1%) from 2023

Expenses

Up

$2,353,016

Up $365,139 (+18%) from 2023

Net Income

Down

-$126,299

Down $297,379 (-174%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $22,421,670Liabilities 2010: $20,045,769Net Assets 2010: $2,375,9012010Assets 2011: $22,816,941Liabilities 2011: $20,348,837Net Assets 2011: $2,468,1042011Assets 2012: $23,675,379Liabilities 2012: $21,138,829Net Assets 2012: $2,536,5502012Assets 2013: $21,831,186Liabilities 2013: $19,207,382Net Assets 2013: $2,623,8042013Assets 2014: $24,238,354Liabilities 2014: $21,556,793Net Assets 2014: $2,681,5612014Assets 2015: $26,032,241Liabilities 2015: $23,263,729Net Assets 2015: $2,768,5122015Assets 2016: $26,682,186Liabilities 2016: $23,816,750Net Assets 2016: $2,865,4362016Assets 2017: $27,883,303Liabilities 2017: $25,009,385Net Assets 2017: $2,873,9182017Assets 2018: $28,359,422Liabilities 2018: $25,412,868Net Assets 2018: $2,946,5542018Assets 2019: $30,266,412Liabilities 2019: $27,356,287Net Assets 2019: $2,910,1252019Assets 2020: $30,625,959Liabilities 2020: $27,497,059Net Assets 2020: $3,128,9002020Assets 2021: $28,907,099Liabilities 2021: $25,691,976Net Assets 2021: $3,215,1232021Assets 2022: $29,079,029Liabilities 2022: $25,768,002Net Assets 2022: $3,311,0272022Assets 2023: $27,246,203Liabilities 2023: $23,900,313Net Assets 2023: $3,345,8902023Assets 2024: $25,888,101Liabilities 2024: $22,668,510Net Assets 2024: $3,219,5912024

Highlighted filing

2024

Assets$25,888,101
Liabilities$22,668,510
Net Assets$3,219,591
Open 2024 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,396,2382010Expenses 2011: $1,299,1952011Expenses 2012: $1,201,8642012Revenue 2013: $1,312,627Expenses 2013: $1,225,373Net Income 2013: $87,2542013Revenue 2014: $1,439,450Expenses 2014: $1,381,693Net Income 2014: $57,7572014Revenue 2015: $1,546,429Expenses 2015: $1,459,478Net Income 2015: $86,9512015Revenue 2016: $1,764,271Expenses 2016: $1,667,347Net Income 2016: $96,9242016Revenue 2017: $1,846,709Expenses 2017: $1,838,227Net Income 2017: $8,4822017Revenue 2018: $2,055,395Expenses 2018: $2,062,457Net Income 2018: -$7,0622018Revenue 2019: $2,234,729Expenses 2019: $2,271,158Net Income 2019: -$36,4292019Revenue 2020: $2,098,746Expenses 2020: $1,879,971Net Income 2020: $218,7752020Revenue 2021: $1,924,641Expenses 2021: $1,838,418Net Income 2021: $86,2232021Revenue 2022: $2,008,412Expenses 2022: $1,912,509Net Income 2022: $95,9032022Revenue 2023: $2,158,957Expenses 2023: $1,987,877Net Income 2023: $171,0802023Revenue 2024: $2,226,717Expenses 2024: $2,353,016Net Income 2024: -$126,2992024

Highlighted filing

2024

Revenue$2,226,717
Expenses$2,353,016
Net Income-$126,299
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$25,888,101
Liabilities
$22,668,510
Net assets
$3,219,591
Revenue
$2,226,717
Expenses
$2,353,016
Net income
-$126,299
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$22.7$3.22$2.23$2.35$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$23.9$3.35$2.16$1.99$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$25.8$3.31$2.01$1.91$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$25.7$3.22$1.92$1.84$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.6$27.5$3.13$2.10$1.88$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$27.4$2.91$2.23$2.27$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$25.4$2.95$2.06$2.06$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$25.0$2.87$1.85$1.84$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$23.8$2.87$1.76$1.67$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$23.3$2.77$1.55$1.46$0.09
2014Detailed filing. Detailed filing data is available for this year.$24.2$21.6$2.68$1.44$1.38$0.06
2013Detailed filing. Detailed filing data is available for this year.$21.8$19.2$2.62$1.31$1.23$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$21.1$2.54$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$20.3$2.47$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$20.0$2.38$1.40
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$2,008,412
Mission and Program Overview

Mission

Shared resources credit union is committed to serving the needs of our members by providing quality service in a conscientious manner that will develop new business and enhance existing relationships.

Shared resources credit union is committed to serving the needs of our members by providing quality services in a conscientious manner that will develop new business and enhance existing relationships

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$18,097,482$17,878,194▼ $219,288
Investments Other Securities$9,064,553$9,249,431▲ $184,878
Rtn Earn Endowment Incm Other Fnds$3,215,123$3,311,027▲ $95,904
Cash and Non-Interest-Bearing Accounts$205,338$508,241▲ $302,903
Land, Buildings, and Equipment, Net$377,462$327,380▼ $50,082
Prepaid Expenses and Deferred Charges$32,555$30,626▼ $1,929
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$28,907,099$29,079,029▲ $171,930
Other Assets Total$1,129,709$1,085,157▼ $44,552
Liabilities
Other Liabilities$25,102,190$25,175,473▲ $73,283
Accounts Payable and Accrued Expenses$582,176$577,228▼ $4,948
Escrow Account Liability$7,610$15,301▲ $7,691
Total Liabilities$25,691,976$25,768,002▲ $76,026
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,215,123$3,311,027▲ $95,904
Total Liabilities and Net Assets / Fund Balance$28,907,099$29,079,029▲ $171,930

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$123,533$569,706$693,239
Buildings$128,290$538,165$666,455
Leasehold Improvements$30,836$26,934$57,770
Land$44,721-$44,721
Other Securities$569,431--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie SalazarPresident/CEOFT$93,104$26,493$119,597

Board Members and Trustees

NameTitle
Bennett RadinChair
Gary TrujilloVice Chair
Clyde Coxie JrDirector
Howard RothmanDirector
John WhighamDirector
Scott BuchananDirector
Sherry RamphalDirector (as of June 2022)
Jd JohnsonDirector (until May 2022)
Patricia JohnsonSecretary
Terry MullinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing2601 NETWORK BLVD STE 600, Frisco, TX 75034$390,718
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,894,425
Investment Income
$113,987
Other Revenue
$0
Change in Net Assets
$95,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,416,345
Salaries, Compensation, and Employee Benefits$496,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$545,146
Office Expenses---$316,669
Other Salaries and Wages---$289,351
Current Officers, Directors, Trustees, and Key Employees---$119,597
Occupancy---$108,424
Depreciation Depletion---$79,280
Pension Plan Contributions---$56,114
Payroll Taxes---$28,535
Other Expenses---$25,164
All Other Expenses---$13,704
Fees for Services Accounting---$10,200
Advertising---$8,950
Travel---$4,038
Other Employee Benefits---$2,567
Conferences and Meetings---$1,800
Interest---$36
Total Functional Expenses$0$0$0$1,912,509
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$25,175,473
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“J.d. Johnson, director and patricia johnson, director have a family relationship.”

Form 990, Part VI, Section A, Line 6

“Shared resources credit union has members as specified in its bylaws.”

Form 990, Part VI, Section A, Line 7A

“Shared resources credit union members have the power to elect the members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The final draft of the form 990 is submitted to the board for review and approval before filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 15A

“The executive committee is responsible for the compensation review process for the president/chief executive officer. The executive committee uses the cornerstone credit union league compensation survey, along with its review of the president/chief executive officers's performance against certain established goals, to make a recommendation for salaray adjustment. The board of dirctors approves the recommendations and this process is documented in the board of directors meeting minutes. The executive committee meets on the fourth tuesday each october to review the cornerstone league compensation survey guide to determine the ceo salary for an increase.”

Form 990, Part VI, Section C, Line 19

“Shared resources credit union makes its governing documents, conflict of interest policy, and financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104.”

Filing and Contact Details

Filer

Filer Name
Shared Resources Credit Union
EIN
74-1162836
Phone
7134739244
Address
2102 EAST PASADENA FREEWAY, PASADENA, TX 77506

Signing Officer

Name
Stephanie Salazar
Title
President/CEO
Phone
7134739244
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Salazar
Formed
1949
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
10

Preparer

Firm
Rsm US Llp
Address
4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
Preparer
Jenifer L Chase
Phone
5638884000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Outside services 545,146.”

Financial Statement Notes

PART IV, LINE 2B:

“The credit union holds funds in escrow to pay taxes and insurance on behalf of its mortgage loan members.”

Raw XML AppendixShowing 400 of 402 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0582176
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0577228
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SHARED RESOURCES CREDIT UNION IS COMMITTED TO SERVING THE NEEDS OF OUR MEMBERS BY PROVIDING QUALITY SERVICES IN A CONSCIENTIOUS MANNER THAT WILL DEVELOP NEW BUSINESS AND ENHANCE EXISTING RELATIONSHIPS
IRS990/AdvertisingGrp/TotalAmt08950
IRS990/AllOtherExpensesGrp/TotalAmt013704
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0STEPHANIE SALAZAR
IRS990/BooksInCareOfDetail/PhoneNum07134739244
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02102 EAST PASADENA FREEWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0PASADENA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077506
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0205338
IRS990/CashNonInterestBearingGrp/EOYAmt0508241
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0119597
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt01800
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0390718
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02601 NETWORK BLVD STE 600
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0FRISCO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd075034
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FISERV
IRS990/ContractorCompensationGrp/ServicesDesc0DATA PROCESSING
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0113987
IRS990/CYOtherExpensesAmt01416345
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01894425
IRS990/CYRevenuesLessExpensesAmt095903
IRS990/CYSalariesCompEmpBnftPaidAmt0496164
IRS990/CYTotalExpensesAmt01912509
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02008412
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt079280
IRS990/Desc0SHARE ACCOUNTS - SHARED RESOURCES CREDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD MORE THAN 2,979 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2022. 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.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt07610
IRS990/EscrowAccountLiabilityGrp/EOYAmt015301
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt010200
IRS990/FeesForServicesOtherGrp/TotalAmt0545146
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt026493
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHANIE SALAZAR
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT BUCHANAN
IRS990/Form990PartVIISectionAGrp/PersonNm2CLYDE COXIE JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JD JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SHERRY RAMPHAL
IRS990/Form990PartVIISectionAGrp/PersonNm5HOWARD ROTHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN WHIGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm7BENNETT RADIN
IRS990/Form990PartVIISectionAGrp/PersonNm8GARY TRUJILLO
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICIA JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm10TERRY MULLINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt093104
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (UNTIL MAY 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (AS OF JUNE 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01949
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02008412
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt036
IRS990/InvestmentIncomeGrp/ExclusionAmt0113987
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0113987
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt09064553
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09249431
IRS990/IRPDocumentCnt0368
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01134805
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0377462
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0327380
IRS990/LandBldgEquipCostOrOtherBssAmt01462185
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SHARED RESOURCES CREDIT UNION IS COMMITTED TO SERVING THE NEEDS OF OUR MEMBERS BY PROVIDING QUALITY SERVICE IN A CONSCIENTIOUS MANNER THAT WILL DEVELOP NEW BUSINESS AND ENHANCE EXISTING RELATIONSHIPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03215123
IRS990/NetAssetsOrFundBalancesEOYAmt03311027
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0108424
IRS990/OfficeExpensesGrp/TotalAmt0316669
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01129709
IRS990/OtherAssetsTotalGrp/EOYAmt01085157
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02567
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DIVIDENDS PAID TO MEMBE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt0172228
IRS990/OtherExpensesGrp/TotalAmt168211
IRS990/OtherExpensesGrp/TotalAmt262495
IRS990/OtherExpensesGrp/TotalAmt325164
IRS990/OtherLiabilitiesGrp/BOYAmt025102190
IRS990/OtherLiabilitiesGrp/EOYAmt025175473
IRS990/OtherSalariesAndWagesGrp/TotalAmt0289351
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt018097482
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017878194
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt028535
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt056114
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032555
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030626
IRS990/PrincipalOfficerNm0STEPHANIE SALAZAR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01124920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1581520
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2176239
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01124920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1593266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2176239
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011746
IRS990/ProgSrvcAccomActy2Grp/Desc0CHECKING 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0CONSUMER 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 12/31/2022 THE CREDIT UNION HAD LOAN BALANCES OF $18,014,159.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt079258
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt066839
IRS990/PYOtherExpensesAmt01233512
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01857802
IRS990/PYRevenuesLessExpensesAmt086223
IRS990/PYSalariesCompEmpBnftPaidAmt0525648
IRS990/PYTotalExpensesAmt01838418
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01924641
IRS990/ReconcilationRevenueExpnssAmt095903
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03215123
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03311027
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0128290
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0538165
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0666455
IRS990ScheduleD/EquipmentGrp/BookValueAmt0123533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0569706
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0693239
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt044721
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt044721
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt030836
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026934
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt057770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025175473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08680000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1569431
IRS990ScheduleD/OtherSecuritiesGrp/Desc0JUMBO CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CATALYST CORP INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0327380
IRS990ScheduleD/TotalBookValueSecuritiesAmt09249431
IRS990ScheduleD/TotalLiabilityAmt025175473
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0J.D. JOHNSON, DIRECTOR AND PATRICIA JOHNSON, DIRECTOR HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHARED RESOURCES CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SHARED RESOURCES CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINAL DRAFT OF THE FORM 990 IS SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE COMPENSATION REVIEW PROCESS FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE EXECUTIVE COMMITTEE USES THE CORNERSTONE CREDIT UNION LEAGUE COMPENSATION SURVEY, ALONG WITH ITS REVIEW OF THE PRESIDENT/CHIEF EXECUTIVE OFFICERS'S PERFORMANCE AGAINST CERTAIN ESTABLISHED GOALS, TO MAKE A RECOMMENDATION FOR SALARAY ADJUSTMENT. THE BOARD OF DIRCTORS APPROVES THE RECOMMENDATIONS AND THIS PROCESS IS DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES. THE EXECUTIVE COMMITTEE MEETS ON THE FOURTH TUESDAY EACH OCTOBER TO REVIEW THE CORNERSTONE LEAGUE COMPENSATION SURVEY GUIDE TO DETERMINE THE CEO SALARY FOR AN INCREASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SHARED RESOURCES CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OUTSIDE SERVICES 545,146.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt028907099
IRS990/TotalAssetsEOYAmt029079029
IRS990/TotalAssetsGrp/BOYAmt028907099
IRS990/TotalAssetsGrp/EOYAmt029079029
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt01912509
IRS990/TotalGrossUBIAmt011746
IRS990/TotalLiabilitiesBOYAmt025691976
IRS990/TotalLiabilitiesEOYAmt025768002
IRS990/TotalLiabilitiesGrp/BOYAmt025691976
IRS990/TotalLiabilitiesGrp/EOYAmt025768002
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03215123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03311027
IRS990/TotalOtherCompensationAmt026493
IRS990/TotalProgramServiceRevenueAmt01894425
IRS990/TotalReportableCompFromOrgAmt093104
IRS990/TotalRevenueGrp/ExclusionAmt0113987
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01882679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02008412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011746
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028907099
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029079029
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04038
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02102 EAST PASADENA FREEWAY
IRS990/USAddress/CityNm0PASADENA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077506
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SRCU.NET
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE SALAZAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07134739244
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHARED RESOURCES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SHAR
ReturnHeader/Filer/EIN0741162836
ReturnHeader/Filer/PhoneNum07134739244
ReturnHeader/Filer/USAddress/AddressLine1Txt02102 EAST PASADENA FREEWAY
ReturnHeader/Filer/USAddress/CityNm0PASADENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077506
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04650 EAST 53RD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVENPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0528073479
ReturnHeader/PreparerPersonGrp/PhoneNum05638884000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENIFER L CHASE
ReturnHeader/ReturnTs02023-11-08T08:36:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SALAZAR
ReturnHeader/TaxPeriodBeginDt02022-01-01

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