2023-11-08T08:36:11-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 741162836 SHARED RESOURCES CREDIT UNION SHAR 7134739244 2102 EAST PASADENA FREEWAY PASADENA TX 77506 STEPHANIE SALAZAR PRESIDENT/CEO 7134739244 2023-11-07 1 STEPHANIE SALAZAR 999009999 0 JENIFER L CHASE P01306883 5638884000 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHANIE SALAZAR 2102 EAST PASADENA FREEWAY PASADENA TX 77506 2008412 0 X WWW.SRCU.NET X 1949 TX 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 9 9 8 10 11746 0 0 0 1857802 1894425 66839 113987 0 0 1924641 2008412 0 0 79258 0 525648 496164 0 0 0 1233512 1416345 1838418 1912509 86223 95903 28907099 29079029 25691976 25768002 3215123 3311027 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. 0 0 SHARE 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. 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 PAY PROGRAM. CONSUMER 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. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 368 0 1 8 1 1 1 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 1 0 0 X X STEPHANIE SALAZAR 7134739244 2102 EAST PASADENA FREEWAY PASADENA TX 77506 STEPHANIE SALAZAR PRESIDENT/CEO 40.00 X 93104 0 26493 SCOTT BUCHANAN DIRECTOR 1.00 X 0 0 0 CLYDE COXIE JR DIRECTOR 1.00 X 0 0 0 JD JOHNSON DIRECTOR (UNTIL MAY 2022) 1.00 X 0 0 0 SHERRY RAMPHAL DIRECTOR (AS OF JUNE 2022) 1.00 X 0 0 0 HOWARD ROTHMAN DIRECTOR 1.00 X 0 0 0 JOHN WHIGHAM DIRECTOR 1.00 X 0 0 0 BENNETT RADIN CHAIR 1.00 X X 0 0 0 GARY TRUJILLO VICE CHAIR 1.00 X X 0 0 0 PATRICIA JOHNSON SECRETARY 1.00 X X 0 0 0 TERRY MULLINS TREASURER 1.00 X X 0 0 0 93104 0 26493 0 0 0 0 FISERV 2601 NETWORK BLVD STE 600 FRISCO TX 75034 DATA PROCESSING 390718 1 LOAN INCOME 522100 1124920 1124920 FEES AND CHARGES 522100 593266 581520 11746 MISCELLANEOUS INCOME 522100 176239 176239 1894425 113987 113987 2008412 1882679 11746 113987 X 119597 289351 56114 2567 28535 10200 545146 8950 316669 108424 4038 1800 36 79280 PROVISION FOR LOAN LOSS 172228 DIVIDENDS PAID TO MEMBE 68211 LOAN SERVICING 62495 MISCELLANEOUS 25164 13704 1912509 205338 508241 18097482 17878194 32555 30626 1462185 1134805 377462 327380 9064553 9249431 1129709 1085157 28907099 29079029 582176 577228 7610 15301 25102190 25175473 25691976 25768002 X 0 0 0 0 3215123 3311027 3215123 3311027 28907099 29079029 95903 0 X 0 0 0 0 1 X 44721 44721 666455 538165 128290 57770 26934 30836 693239 569706 123533 327380 JUMBO CERTIFICATES 8680000 C CATALYST CORP INVESTMENTS 569431 C 9249431 MEMBER SHARES 25175473 25175473 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. 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. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES 545,146.