Shared Resources Credit Union

990 • Fiscal year 2011 • EIN 74-1162836

Jan 01, 2011 to Dec 31, 2011 • Filed on Oct 26, 2012

Organization Profile WWW.SRCU.NET

2102 East Pasadena Freeway77506

Siviq Scores

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

0.89x

Higher debt load relative to assets than 69% of similar nonprofits.

2011 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2011

No value available

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

Source year 2011

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

No value available

This filing does not contain officer compensation rows.

Source year 2011

1.8%

Faster asset growth than 41% of similar nonprofits.

2011 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2010 to 2011

No value available

No valid filing value is available for this score.

Balance Sheet

Liabilities / Assets69th percentile

Assets

$22,816,941

Up $395,271 (+1.8%) from 2010

Net Assets

$2,468,104

Up $92,203 (+3.9%) from 2010

Liabilities

$20,348,837

Up $303,068 (+1.5%) from 2010

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

No earlier filing loaded for comparison.

Expenses

Down

$1,299,195

Down $97,043 (-7.0%) from 2010

Net Income

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

Highlighted filing

2011

Assets$22,816,941

Liabilities$20,348,837

Net Assets$2,468,104

Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2011

Revenue-

Expenses$1,299,195

Net Income-

Open 2011 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2011 to Dec 31, 2011
Signed: Oct 26, 2012
Return Version: 2011v1.2
Gross Receipts: $1,391,398

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 Appendix382 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.

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IRS990/Activity2/Description	0	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.
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IRS990ScheduleO/GeneralExplanation/Explanation	1	MEMBERS 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/Explanation	2	MEMBERS 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/Explanation	3	THE FINAL DRAFT OF THE FORM 990 WAS SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/GeneralExplanation/Explanation	4	A 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/Explanation	5	EXECUTIVE COMMITTEE USES TCUL COMPENSATION SURVEY TO DETERMINE SALARIES FOR KEY EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation	6	GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE CREDIT UNION'S WEBSITE (WWW.SRCU.NET).
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IRS990/TotalRevenuePriorYear	0	1457631
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome	0	1340464
IRS990/TotalRevenue/TotalRevenueColumn	0	1391398
IRS990/TotalRevenue/UnrelatedBusinessRevenue	0	17162
IRS990/TransactionRelatedEntity	0	0
IRS990/Travel/Total	0	8867
IRS990/TypeOfOrganizationCorporation	0	X
IRS990/UnrelatedBusinessIncome	0	1
IRS990/UponRequest	0	X
IRS990/WebSite	0	WWW.SRCU.NET
IRS990/WhistleblowerPolicy	0	1
IRS990/YearFormation	0	1949
ReturnHeader/BuildTS	0	2016-02-24 21:20:13Z
ReturnHeader/Filer/EIN	0	741162836
ReturnHeader/Filer/Name/BusinessNameLine1	0	SHARED RESOURCES CREDIT UNION
ReturnHeader/Filer/NameControl	0	SHAR
ReturnHeader/Filer/Phone	0	7134739244
ReturnHeader/Filer/USAddress/AddressLine1	0	2102 EAST PASADENA FREEWAY
ReturnHeader/Filer/USAddress/City	0	PASADENA
ReturnHeader/Filer/USAddress/State	0	TX
ReturnHeader/Filer/USAddress/ZIPCode	0	77506
ReturnHeader/Officer/AuthorizeThirdParty	0	1
ReturnHeader/Officer/DateSigned	0	2012-10-26
ReturnHeader/Officer/Name	0	STEPHANIE SALAZAR
ReturnHeader/Officer/Phone	0	7134739244
ReturnHeader/Officer/Title	0	PRESIDENT/CEO
ReturnHeader/PreparerFirm/EIN	0	420714325
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	MCGLADREY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	801 NICOLLET MALL SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	55402
ReturnHeader/Preparer/Name	0	GERALD B KISSELL
ReturnHeader/Preparer/Phone	0	6123324300
ReturnHeader/ReturnType	0	990
ReturnHeader/TaxPeriodBeginDate	0	2011-01-01
ReturnHeader/TaxPeriodEndDate	0	2011-12-31
ReturnHeader/TaxYear	0	2011
ReturnHeader/Timestamp	0	2012-11-07T12:17:18-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $22,816,941
Liabilities: $20,348,837
Net assets: $2,468,104
Revenue: -
Expenses: $1,299,195
Net income: -

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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