Shared Resources Credit Union

What Shared Resources Credit Union does

Shared Resources Credit Union is a small, member-owned community credit union founded in 1949 in Pasadena, Texas, operating as a not-for-profit financial cooperative under Texas state law with NCUA federal deposit insurance. It serves a strictly defined membership base of individuals who live, worship, work, or attend school within a 10-mile radius of its single branch on East Pasadena Freeway. The institution offers a traditional consumer banking suite: share savings, share checking, money market, share certificates (CDs), IRAs (Share, Roth, Education), youth and senior accounts, plus a "New Leaf" second-chance checking product. Lending products include new and used auto loans (3.35%–18% APR, terms up to 84 months), motorcycle/ATV loans, boat and RV loans, signature personal loans, shared-secured and CD-secured loans, home equity loans, and mortgages originated through partner Member First Mortgage. VISA debit and credit cards, overdraft protection ($1.50 per transfer), and a $300 Courtesy Pay round out the product set.

The technology stack is entirely third-party and consists of consumer-grade banking infrastructure rather than proprietary systems. Fiserv powers the online and mobile banking experience on iOS and Android; Financial-Net provides virtual branch access; MyAccountAccess handles credit card servicing; ConvergePay processes hosted loan payments; Zelle enables peer-to-peer transfers; and Omnicommander runs the website and analytics layer. Security is delivered via SSL 128-bit encryption. There is no disclosed internal software development, no APIs, and no proprietary technology differentiation.

The business model is a standard credit-union net-interest-margin plus fee model. Revenue derives primarily from interest income on the consumer loan portfolio, supplemented by fee income on deposit accounts (overdraft transfers, second-chance checking monthly fees), credit card interchange, and ancillary services. Distribution is concentrated in a single physical branch with a drive-thru, augmented by phone banking, the mobile app, and an ATM network accessed through TellerNet. Leadership is small and stable, led by President/CEO Stephanie Salazar and Executive Vice President Wendy Lopez, with an eight-member Board of Directors chaired by Bennett Radin. The institution holds NMLS license #401947, complies with CFPB Regulation P and COPPA, and reports to the Texas Credit Union Department alongside NCUA oversight.

Name

Shared Resources Credit Union

Legal name

Shared Resources Credit Union

Website

https://srcu.net

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

1–10 employees

Short description

Shared Resources Credit Union is a member-owned community credit union founded in 1949 in Pasadena, Texas, serving residents within a 10-mile radius with deposit accounts, consumer loans, mortgages, and digital banking from a single branch.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Credit union services
• Consumer lending products
• Deposit account services
• Personal banking services
• Vehicle loan financing

Headquarters

HQ city

Pasadena

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income on Loans: The primary revenue stream comes from interest charged on various loan products including auto loans, mortgage loans, personal loans, boat/RV loans, and home equity loans. Rates range from 3.35% APR for auto loans up to 18% for signature loans depending on creditworthiness and term.
2. Share Savings and Deposit Account Fees: Fees associated with account services including courtesy pay, overdraft transfers, and second-chance checking accounts. Fee schedule published annually.
3. Credit Card Fees: Revenue from VISA credit card products including interchange fees and any associated annual or transaction fees.
4. Service Fees: Various service fees including those outlined in the annual fee schedule, such as overdraft protection transfers ($1.50 per transfer) and monthly maintenance fees for specific account types like second-chance checking ($10 per month).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Shared Resources Credit Union is a member-owned, not-for-profit financial cooperative that provides deposit products (share savings, checking, money market, share certificates, IRAs) and consumer loan products (auto, motorcycle, boat/RV, signature/personal, home equity, mortgage, CD-secured loans), along with VISA debit and credit cards. Membership is open to individuals who live, worship, work, or attend school within a 10-mile radius of the Pasadena, Texas branch. The credit union is federally insured by the NCUA and operates a single full-service branch supplemented by Fiserv-powered online and mobile banking, Zelle peer-to-peer payments, and the TellerNet ATM network.

Product overview

Shared Resources Credit Union operates as a traditional credit union offering a comprehensive suite of financial products centered around deposit accounts and lending services. The core banking portfolio includes share savings, checking accounts, money market accounts, certificates of deposit, and IRA accounts, complemented by a range of loan products including auto loans, motorcycle loans, boat and RV loans, personal/signature loans, home equity loans, and mortgages. Additional services include VISA debit and credit cards, overdraft protection, courtesy pay, and digital banking through mobile apps and online platforms. The product portfolio is organized around core deposit and loan products with supplementary fee-based services and digital banking add-ons.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Savings Account
• Share Checking Account
• Money Market Account
• Share Certificate Account (CD)
• Individual Retirement Accounts (IRA)
• New Leaf Checking Account
• Youth Accounts (Small Change and Youth)
• Senior Account
• Christmas Club Account
• Auto Loans
• Motorcycle Loans
• Boat and RV Loans
• Signature Loans
• Home Equity Loans
• Shared Secure / CD Secured Loans
• Mortgage Loans
• VISA Credit Cards
• VISA Debit Cards

Quantifiable outcome

• Auto loan rates as low as 3.35% APR
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Member First Mortgage, LLC (MFM)coreChannel Partner/ Reseller/ DistributorMember First Mortgage is a Credit Union-owned mortgage lender that partners with Shared Resources Credit Union to bring mortgage programs, competitive rates, and mortgage expertise to SRCU members. Through this partnership, SRCU offers conventional fixed or adjustable-rate loans, jumbo loans, and affordable down payment programs. MFM operates the mortgage website and provides loan officers including Mark Crowley (NMLS #458989) to service SRCU members.
• Zelle (Early Warning Services, LLC)coreTechnology or IntegrationShared Resources Credit Union has partnered with Zelle to provide fast and easy peer-to-peer payment services to members. Zelle allows members to send and receive money directly from their account to enrolled recipients in minutes through the mobile app or online banking.
• FiservcoreTechnology or IntegrationFiserv provides the digital banking platform powering Shared Resources Credit Union's online and mobile banking services. The partnership enables online account access, mobile app banking, and integration with Zelle payment services. Available on iOS and Android platforms.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Cy-Fair Federal Credit Union: Greater Houston-area community credit union serving residents of the Cy-Fair ISD area. Similar community-chartered model with consumer lending, deposit products, and digital banking.
• Houston Federal Credit Union: Greater Houston-area community credit union offering deposit accounts, auto loans, mortgages, and digital banking. Direct comparable in terms of market geography, product suite, and member-owned structure.
• JSC Federal Credit Union: Houston-area community credit union serving NASA/JSC and surrounding community members. Comparable as a Texas community-chartered cooperative offering consumer loans, mortgages, and deposit accounts.
• Associated Credit Union of Texas: Texas-based community credit union offering share accounts, consumer loans, and mortgage products to residents of partner counties. Comparable community-chartered cooperative model serving a defined Texas geographic area.
• Houston Texas Police Federal Credit Union: Houston-area community credit union serving a defined membership group with deposit accounts, consumer loans, and digital banking. Directly comparable as a Texas community credit union with similar product mix.

Regional players

• Smart Financial Credit Union: Houston-based credit union serving Greater Houston and surrounding communities with deposit accounts, consumer loans, and digital banking. Similar Texas community credit union model with broader regional reach.
• First Community Credit Union (Houston): Houston-area credit union offering consumer banking, mortgages, and digital services. Similar community-based credit union model serving the Greater Houston market, with broader geographic reach.
• TDECU (Texas Dow Employees Credit Union): Large Texas Gulf Coast credit union headquartered in Lake Jackson, TX serving the broader Houston region. Comparable as a Texas community credit union though significantly larger in asset size and geographic footprint.

Others

• Member First Mortgage, LLC: Credit union-owned mortgage CUSO that partners with credit unions like SRCU to deliver mortgage origination services. Included as an ecosystem participant and SRCU's current mortgage partner.
• Fiserv (credit union digital banking segment): Major technology vendor powering SRCU's online and mobile banking platform. Included as an enabling infrastructure provider used by many peer credit unions in the industry.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shared-resources-credit-union

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shared Resources Credit Union