2014-05-09T15:12:53-05:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 741162836 SHARED RESOURCES CREDIT UNION SHAR 7134739244 2102 EAST PASADENA FREEWAY PASADENA TX 77506 STEPHANIE SALAZAR PRESIDENT/CEO 7134739244 2014-05-07 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z STEPHANIE SALAZAR 2102 EAST PASADENA FREEWAY PASADENA TX 77506 1312627 0 X WWW.SRCU.NET X 1949 TX 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. 9 9 10 10 21631 0 0 2900 1234868 1224402 35442 85325 0 0 1270310 1312627 0 0 119189 83602 396187 454369 0 0 0 686488 687402 1201864 1225373 68446 87254 23675379 21831186 21138829 19207382 2536550 2623804 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 RESOUCES CREDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD MORE THAN 2,886 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2013. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. 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 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. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 451 0 1 10 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X STEPHANIE SALAZAR 7134739244 2102 EAST PASADENA FREEWAY PASADENA TX 77506 JOE HOLZWORTH CHAIRMAN 1.00 X X 0 0 0 KATHERINE L DEAN VICE CHAIR 1.00 X X 0 0 0 SCOTT BUCHANAN TREASURER 1.00 X X 0 0 0 SHERRY RAMPHAL SECRETARY 1.00 X X 0 0 0 TERRY MULLINS DIRECTOR 1.00 X 0 0 0 ROBERT CONNOLLY DIRECTOR 1.00 X 0 0 0 ROLAND LYTLE DIRECTOR 1.00 X 0 0 0 KENNETH BRADFORD DIRECTOR 1.00 X 0 0 0 JD JOHNSON DIRECTOR 1.00 X 0 0 0 STEPHANIE SALAZAR CEO 40.00 X 77909 0 72471 77909 0 72471 0 0 1 0 FISERV 2601 NETWORK BLVD FRISCO TX 75034 DATA PROCESSING 265124 1 2900 2900 LOAN INCOME 522100 819828 819828 OPERATING INCOME 522100 404574 382943 21631 1224402 85325 85325 1312627 1202771 21631 85325 X 83602 125138 236364 14793 53647 24427 221628 31392 221250 45548 30069 374 40961 23778 PROVISION FOR LOAN LOSS 39206 LOAN SERVICING 20267 ASSOCIATION DUES 12929 1225373 323371 488645 3220 17918 13597713 15724257 20862 27958 1058072 689395 386846 368677 8606822 4400448 736545 803283 23675379 21831186 254999 470636 7659 7160 20876171 18729586 21138829 19207382 X 0 0 0 0 2536550 2623804 2536550 2623804 23675379 21831186 87254 0 X 1 X 0 0 0 0 1 X 44721 44721 359626 237058 122568 285664 135314 150350 368061 317023 51038 368677 JUMBO CERTIFICATES 4195000 C SWC INVESTMENTS 205448 C 4400448 MEMBER SHARES 18729586 18729586 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. 0 1 0 STEPHANIE SALAZAR CEO 77909 0 0 0 0 0 64687 0 7784 0 150380 0 0 0 PART I, LINE 4B STEPHANIE SALAZAR, CEO, PARTICIPATED IN A NON-QUALIFIED 457(F) RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS DURING 2013. 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 EXECUTIVE COMMITTEE USES TCUL COMPENSATION SURVEY TO DETERMINE SALARIES FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE CREDIT UNION'S WEBSITE (WWW.SRCU.NET). FORM 990, PART IX, LINE 11G PROFESSIONAL/OUTSIDE FEES: TOTAL EXPENSES 192,501. OTHER FEES: TOTAL EXPENSES 29,127.