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Shared Resources Credit Union FY2021 filing

Not tax-deductible

Pasadena, TXMutual-benefit / member-servingSince 1949Mutual / membership EIN 74-1162836Revenue $1.9M in FY2021

On file with the IRSsrcu.net2102 Pasadena Fwy, 77506-1534 · Pasadena, TXTax-exempt since Jun 1976

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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.

$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $92K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$93K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Plus $9.1M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.7M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-8% vs prior year
Spent
$1.8M
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$1.9M
FY2021▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.9M
FY2022$2.0M
FY2023$2.2M
FY2024$2.2M
FY2025$2.2M
Expenses
$1.8M
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.9M
FY2023$2.0M
FY2024$2.4M
FY2025$2.1M
Net assets
$3.2M
FY2021▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.2M
FY2022$3.3M
FY2023$3.3M
FY2024$3.2M
FY2025$3.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Stephanie Salazar
President/CEO
$92,827Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jd Johnson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Terry Mullins
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Gary Trujillo
Vice Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephanie Salazar$98,754$402,015$92,349$93,104$92,827$90,140

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers quality financial services to members, fostering business growth and relationships.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

Share Accounts

Shared resources credit union share accounts offer advantages to members of all ages. The credit union had more than 3,200 member-owned accounts on december 31, 2021. Member savings accounts pay dividends quarterly and offer access through the branch network, home banking via the internet, or telephone and atms.

Pt IX · col B
02

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.

Pt IX · col B
03

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.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$67K
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$28.9M
LiabilitiesLn 26$25.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$67K
Gains on assetsLn 7−$67
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$205K
Cash and savings togetherLn 1–2$205K
InvestmentsLn 11–13$9.1M
Land, buildings, equipmentLn 10c$377K
Other assetsLn 15$1.1M
Total assetsLn 16$28.9M
LiabilitiesLn 26$25.7M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$499K$205K
InvestmentsLn 11–13$9.7M$9.1M
Land, buildings, equipmentLn 10c$482K$377K
Total assetsLn 16$30.6M$28.9M
LiabilitiesLn 26$27.5M$25.7M
Net assetsLn 32$3.1M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$79K
Pay of current officers, directors and key staffLn 5$109K
Other salaries and wagesLn 7$270K
Pension plan contributionsLn 8$65K
Other employee benefitsLn 9$46K
Payroll taxesLn 10$36K
Accounting feesLn 11c$10K
Other fees for servicesLn 11g$527K
Advertising and promotionLn 12$23K
Office expensesLn 13$348K
OccupancyLn 16$125K
TravelLn 17$4K
Conferences, conventions and meetingsLn 19$1K
InterestLn 20$1
Depreciation, depletion and amortizationLn 22$85K
Other expenses (24a–d)Ln 24$109K
Total functional expensesLn 25$1.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.1M$104K$3.3M 990 PDF
FY2024 $2.2M$2.4M−$126K$3.2M 990 PDF
FY2023 $2.2M$2.0M$171K$3.3M 990 PDF
FY2022 $2.0M$1.9M$96K$3.3M 990 PDF
FY2021 Viewing $1.9M$1.8M$86K$3.2M 990 PDF
FY2020 $2.1M$1.9M$219K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,924,641 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,500$0
I-9 Program service revenuePrior year $1,862,019$1,857,802
I-10 Investment incomePrior year $140,493$66,839
I-11 Other revenuePrior year $92,734$0
I-12 Total revenuePrior year $2,098,746$1,924,641
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $154,747$79,258
I-15 Salaries and benefitsPrior year $546,812$525,648
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,178,412$1,233,512
I-18 Total expensesPrior year $1,879,971$1,838,418
I-19 Revenue less expensesPrior year $218,775$86,223
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,924,641 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,844,460 · Unrelated business $13,342$1,857,802
VIII-3 Investment incomeExcluded from tax $66,906$66,906
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$67−$67
VIII-12 Total revenueRelated to mission $1,844,460 · Unrelated business $13,342 · Excluded from tax $66,839$1,924,641
Part IX · Statement of functional expenses $1,838,418 across 16 lines filed
IX-4 Benefits paid to or for members$79,258
IX-5 Pay of current officers, directors and key staff$108,748
IX-7 Other salaries and wages$270,067
IX-8 Pension plan contributions$64,809
IX-9 Other employee benefits$46,404
IX-10 Payroll taxes$35,620
IX-11c Accounting fees$10,200
IX-11g Other fees for services$526,760
IX-12 Advertising and promotion$22,925
IX-13 Office expenses$348,140
IX-16 Occupancy$125,430
IX-17 Travel$4,292
IX-19 Conferences, conventions and meetings$1,350
IX-20 Interest$1
IX-22 Depreciation, depletion and amortization$85,475
IX-24 Other expenses (24a–d)$108,939
IX-25 Total functional expenses$1,838,418
Part X · Balance sheet $28,907,099 assets, 11 lines filed
Asset lines not itemized here account for $18,097,482; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $498,632$205,338
X-9 Prepaid expenses and deferred chargesStart of year $29,688$32,555
X-10c Land, buildings and equipment, netStart of year $481,537$377,462
X-12 Other securitiesStart of year $9,664,041$9,064,553
X-15 Other assetsStart of year $1,104,471$1,129,709
X-16 Total assetsStart of year $30,625,959$28,907,099
X-17 Accounts payable and accrued expensesStart of year $587,370$582,176
X-25 Other liabilitiesStart of year $26,905,752$25,102,190
X-26 Total liabilitiesStart of year $27,497,059$25,691,976
X-32 Total net assets or fund balancesStart of year $3,128,900$3,215,123
X-33 Total liabilities and net assetsStart of year $30,625,959$28,907,099
Part XI · Reconciliation of net assets $3,215,123 net assets at year end
XI-1 Total revenue$1,924,641
XI-2 Total expenses$1,838,418
XI-3 Revenue less expenses$86,223
XI-4 Net assets at start of year$3,128,900
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,215,123

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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