Civic Intelligence

Shared Resources Credit Union

990 • Fiscal year 2010 • EIN 74-1162836

Jan 01, 2010 to Dec 31, 2010 • Filed on May 11, 2011

2102 East Pasadena Freeway77506
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.89x

Higher debt load relative to assets than 72% of similar nonprofits.

2010 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$22,421,670

No earlier filing loaded for comparison.

Net Assets

$2,375,901

No earlier filing loaded for comparison.

Liabilities

$20,045,769

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,396,238

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2010

Assets$22,421,670
Liabilities$20,045,769
Net Assets$2,375,901

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2010

Revenue-
Expenses$1,396,238
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
May 11, 2011
Return Version
2010v3.2
Gross Receipts
$1,557,393
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.

Major Activities

Activity 2
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 payer program.
Activity 3
Consumer loans - shared resouces 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.
Filing and Contact Details

Filer

EIN
74-1162836
Raw XML Appendix386 raw XML fields

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IRS990/Activity2/Description0CHECKING 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 PAYER PROGRAM.
IRS990/Activity3/Description0CONSUMER LOANS - SHARED RESOUCES 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.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1A FIN48 ANALYSIS WAS NOT COMPLETED FOR THE YEAR ENDING DECEMBER 31, 2010.
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IRS990ScheduleO/GeneralExplanation/Explanation0MOBILE MONEY - SHARED RESOURCES NOW PROVIDES TO ITS MEMBERS ACCESS TO THEIR ACCOUNT THROUGH THE USE OF THEIR SMART PHONE. ONCE REGISTERED ON OUR SECURE NETWORK, THE MEMBER CAN VIEW BALANCES, TRANSFER MONEY BETWEEN THEIR ACCOUNTS AND RECEIVE CERTAIN NOTIFICATION OF THEIR CHOOSING VIA TEXT OR EMAIL.
IRS990ScheduleO/GeneralExplanation/Explanation1THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/GeneralExplanation/Explanation2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/GeneralExplanation/Explanation3MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FINAL DRAFT OF THE FORM 990 WAS SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/GeneralExplanation/Explanation5A CONFLICT OF INTEREST POLICY STATEMENT IS DISTRIBUTED ANNUALLY TO ALL BOARD AND STAFF WHEREAS THEY MUST LIST ALL OUTSIDE BUSINESS ACTIVITY. THE STATEMENT MUST BE SIGNED AND DATED BY EACH INDIVIDUAL AFFIRMING THE INFORMATION. EACH STATEMENT IS THEN REVIEWED TO CONFIRM THERE IS NO CONFLICT OF INTEREST WITH THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation6EXECUTIVE COMMITTEE USES TCUL COMPENSATION SURVEY TO DETERMINE SALARIES FOR KEY EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation7GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0NEW PROGRAM SERVICES
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IRS990ScheduleO/GeneralExplanation/Identifier4FORM 990, PART VI, SECTION B, LINE 11
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IRS990/TotalLiabilitiesEOY020045769
IRS990/TotalLiabNetAssetsFundBalances/BOY022242431
IRS990/TotalLiabNetAssetsFundBalances/EOY022421670
IRS990/TotalNbrEmployees09
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY02314508
IRS990/TotalNetAssetsFundBalances/EOY02375901
IRS990/TotalOtherCompensation013077
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue01506804
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg093957
IRS990/TotalRevenueCurrentYear01457631
IRS990/TotalRevenue/ExclusionAmount0-49173
IRS990/TotalRevenuePriorYear01738286
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01438792
IRS990/TotalRevenue/TotalRevenueColumn01457631
IRS990/TotalRevenue/UnrelatedBusinessRevenue068012
IRS990/TransactionRelatedEntity00
IRS990/Travel/Total09217
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.SRCU.NET
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01949
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0741162836
ReturnHeader/Filer/Name/BusinessNameLine10SHARED RESOURCES CREDIT UNION
ReturnHeader/Filer/NameControl0SHAR
ReturnHeader/Filer/Phone07134739244
ReturnHeader/Filer/USAddress/AddressLine102102 EAST PASADENA FREEWAY
ReturnHeader/Filer/USAddress/City0PASADENA
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode077506
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-05-11
ReturnHeader/Officer/Name0DONNA BUTTERFRAS
ReturnHeader/Officer/Phone07134739244
ReturnHeader/Officer/Title0PRESIDENT/CEO
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10RSM MCGLADREY INC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10801 NICOLLET MALL SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Name0COLLIN F BUZZELL
ReturnHeader/Preparer/Phone06125738750
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-05-11T10:57:05-05:00

Document Assets

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Filings

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