Civic Intelligence

Shared Resources Credit Union

990 • Fiscal year 2014 • EIN 74-1162836

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

2102 East Pasadena FreewayPasadena, TX 77506

(713) 473-9244

Siviq Scores

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

Liabilities / Assets

70th percentile

0.89x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

14.98x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

43rd percentile

4.0%

Higher net margin than 43% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

99th percentile

$227,448

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

94th percentile

11%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

9.7%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$24,238,354

Up $2,407,168 (+11%) from 2013

Net Assets

Up

$2,681,561

Up $57,757 (+2.2%) from 2013

Liabilities

Up

$21,556,793

Up $2,349,411 (+12%) from 2013

Revenue

Up

$1,439,450

Up $126,823 (+9.7%) from 2013

Expenses

Up

$1,381,693

Up $156,320 (+13%) from 2013

Net Income

Down

$57,757

Down $29,497 (-34%) from 2013

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

2014

Assets$24,238,354
Liabilities$21,556,793
Net Assets$2,681,561

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

2014

Revenue$1,439,450
Expenses$1,381,693
Net Income$57,757
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$1,439,450
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,724,257$17,771,001▲ $2,046,744
Investments Other Securities$4,400,448$4,820,930▲ $420,482
Rtn Earn Endowment Incm Other Fnds$2,623,804$2,681,561▲ $57,757
Cash and Non-Interest-Bearing Accounts$488,645$415,824▼ $72,821
Land, Buildings, and Equipment, Net$368,677$365,591▼ $3,086
Prepaid Expenses and Deferred Charges$27,958$24,318▼ $3,640
Accounts Receivable$17,918$13,570▼ $4,348
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$21,831,186$24,238,354▲ $2,407,168
Other Assets Total$803,283$827,120▲ $23,837
Liabilities
Other Liabilities$18,729,586$21,182,957▲ $2,453,371
Accounts Payable and Accrued Expenses$470,636$363,685▼ $106,951
Escrow Account Liability$7,160$10,151▲ $2,991
Total Liabilities$19,207,382$21,556,793▲ $2,349,411
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,623,804$2,681,561▲ $57,757
Total Liabilities and Net Assets / Fund Balance$21,831,186$24,238,354▲ $2,407,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$65,275$337,600$402,875
Buildings$118,395$244,466$362,861
Leasehold Improvements$137,200$148,464$285,664
Land$44,721-$44,721
Other Securities$701,930--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie SalazarCEOFT$75,465$151,983$227,448

Board Members and Trustees

NameTitle
Joe HolzworthChairman
Katherine L DeanVice Chair
Jd JohnsonDirector
Kenneth BradfordDirector
Robert ConnollyDirector
Roland LytleDirector
Terry MullinsDirector
Sherry RamphalSecretary
Scott BuchananTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData Processing2601 NETWORK BLVD, Frisco, TX 75034$269,014
Revenue and Support

Revenue Composition

Contributions and Grants
$2,285
Program Service Revenue
$1,365,209
Investment Income
$71,956
Other Revenue
$0
All Other Contributions
$2,285
Change in Net Assets
$57,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$809,612
Salaries, Compensation, and Employee Benefits$470,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$272,221
Current Officers, Directors, Trustees, and Key Employees---$227,448
Fees for Services Other---$225,178
Other Salaries and Wages---$169,886
Benefits to Members---$101,181
Advertising---$40,485
Depreciation Depletion---$39,959
Other Employee Benefits---$30,234
All Other Expenses---$27,379
Payroll Taxes---$27,132
Occupancy---$26,895
Insurance---$24,316
Fees for Services Accounting---$19,042
Pension Plan Contributions---$16,200
Travel---$6,907
Other Expenses---$3,500
Interest---$203
Total Functional Expenses$0$0$0$1,381,693
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$21,182,957
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The 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.

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

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.

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

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.

Form 990, Part VI, Section B, Line 11

The final draft of the form 990 was submitted to the board for review and approval.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15

The executive committee uses tcul compensation survey to determine salaries for key employees. The president/ceo compensation is approved by the board of directors. Each october during the normal board meeting the board decides if the president/ceo will receive a salary increase. The texas credit union league offers a salary survey to each credit union. It has several factors: time on job, education background, size of credit union and number of full time employees. The board uses this as a guideline, along with our credit union financial goals that are met, to determine a percentage for the increase. The board votes to approve or deny a salary increase and it is recorded in the board minutes.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available upon request for the same period of disclosure as set forth in section 6104(d). Financial statements are also available on the credit union's website (www.srcu.net).

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
2015-05-11
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
11
Volunteers
9

Preparer

Firm
Mcgladrey Llp
Address
801 NICOLLET MALL SUITE 1100, MINNEAPOLIS, MN 55402
Preparer
Gerald B Kissell
Phone
6123324300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Bank services charges 6,390. Services 218,788.

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.

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IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3DIRECTORS EXP
IRS990/OtherExpensesGrp/TotalAmt050406
IRS990/OtherExpensesGrp/TotalAmt142769
IRS990/OtherExpensesGrp/TotalAmt230352
IRS990/OtherExpensesGrp/TotalAmt33500
IRS990/OtherLiabilitiesGrp/BOYAmt018729586
IRS990/OtherLiabilitiesGrp/EOYAmt021182957
IRS990/OtherSalariesAndWagesGrp/TotalAmt0169886
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt015724257
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017771001
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt027132
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt016200
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027958
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024318
IRS990/PrincipalOfficerNm0STEPHANIE SALAZAR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0905242
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1434441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0905242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1459967
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt025526
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 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. AS OF 12/31/2014 THE CREDIT UNION HAD 1,277 LOANS WITH A TOTAL OUTSTANDING BALANCE OF $17,825,927.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt083602
IRS990/PYContributionsGrantsAmt02900
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt085325
IRS990/PYOtherExpensesAmt0687402
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01224402
IRS990/PYRevenuesLessExpensesAmt087254
IRS990/PYSalariesCompEmpBnftPaidAmt0454369
IRS990/PYTotalExpensesAmt01225373
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01312627
IRS990/ReconcilationRevenueExpnssAmt057757
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02623804
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02681561
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0118395
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0244466
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0362861
IRS990ScheduleD/EquipmentGrp/BookValueAmt065275
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0337600
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0402875
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt044721
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt044721
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0137200
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0148464
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0285664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021182957
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04119000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1701930
IRS990ScheduleD/OtherSecuritiesGrp/Desc0JUMBO CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SWC 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/TotalBookValueLandBuildingsAmt0365591
IRS990ScheduleD/TotalBookValueSecuritiesAmt04820930
IRS990ScheduleD/TotalLiabilityAmt021182957
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt075465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount04300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt075018
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt033848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028921
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt084914
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHANIE SALAZAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0227448
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0STEPHANIE SALAZAR, CEO, PARTICIPATED IN A NON-QUALIFIED 457(F) RETIREMENT PLAN AND RECEIVED A PAYOUT DURING 2014 IN THE AMOUNT OF $84,910.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1MEMBERS 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/SupplementalInformationDetail/ExplanationTxt2MEMBERS 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/SupplementalInformationDetail/ExplanationTxt3THE FINAL DRAFT OF THE FORM 990 WAS SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A 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/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE USES TCUL COMPENSATION SURVEY TO DETERMINE SALARIES FOR KEY EMPLOYEES. THE PRESIDENT/CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. EACH OCTOBER DURING THE NORMAL BOARD MEETING THE BOARD DECIDES IF THE PRESIDENT/CEO WILL RECEIVE A SALARY INCREASE. THE TEXAS CREDIT UNION LEAGUE OFFERS A SALARY SURVEY TO EACH CREDIT UNION. IT HAS SEVERAL FACTORS: TIME ON JOB, EDUCATION BACKGROUND, SIZE OF CREDIT UNION AND NUMBER OF FULL TIME EMPLOYEES. THE BOARD USES THIS AS A GUIDELINE, ALONG WITH OUR CREDIT UNION FINANCIAL GOALS THAT ARE MET, TO DETERMINE A PERCENTAGE FOR THE INCREASE. THE BOARD VOTES TO APPROVE OR DENY A SALARY INCREASE AND IT IS RECORDED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE CREDIT UNION'S WEBSITE (WWW.SRCU.NET).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK SERVICES CHARGES 6,390. SERVICES 218,788.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021831186
IRS990/TotalAssetsEOYAmt024238354
IRS990/TotalAssetsGrp/BOYAmt021831186
IRS990/TotalAssetsGrp/EOYAmt024238354
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02285
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/TotalAmt01381693
IRS990/TotalGrossUBIAmt025526
IRS990/TotalLiabilitiesBOYAmt019207382
IRS990/TotalLiabilitiesEOYAmt021556793
IRS990/TotalLiabilitiesGrp/BOYAmt019207382
IRS990/TotalLiabilitiesGrp/EOYAmt021556793
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02623804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02681561
IRS990/TotalOtherCompensationAmt062769
IRS990/TotalProgramServiceRevenueAmt01365209
IRS990/TotalReportableCompFromOrgAmt0164679
IRS990/TotalRevenueGrp/ExclusionAmt071956
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01339683
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01439450
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt025526
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021831186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024238354
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06907
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/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE SALAZAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07134739244
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
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

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