Question 1

What is Shaw-Ross Employees Credit Union (SRECU)?

Accepted Answer

Shaw-Ross Employees Credit Union (SRECU) is a state-chartered, occupational credit union serving employees of Shaw-Ross International Importers, a leading wine and spirits importer based in South Florida. As a single-employer credit union, SRECU provides financial services exclusively to the workforce of Shaw-Ross, which operates as one of the nation's premier beverage alcohol importers representing suppliers from around the world.

With approximately 594 members and $7.3 million in total assets, SRECU operates as a close-knit financial cooperative focused on meeting the specific needs of Shaw-Ross employees and their families.

Question 2

When was Shaw-Ross Employees Credit Union (SRECU) founded?

Accepted Answer

While the exact founding date of Shaw-Ross Employees Credit Union is not publicly documented, the credit union was established to serve employees of Shaw-Ross International Importers. Shaw-Ross itself was founded in 1968 as a boutique wine and spirit importer, suggesting the credit union was likely established sometime after the company's founding to provide financial services to its growing workforce.

The credit union operates under NCUA charter number 67327 and maintains federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF).

Question 3

Where is Shaw-Ross Employees Credit Union (SRECU) headquartered?

Accepted Answer

Shaw-Ross Employees Credit Union is headquartered at 1600 NW 163rd Street in Miami, Florida. This location is in the North Miami area, providing convenient access for employees working in the South Florida region.

Question 4

Where does Shaw-Ross Employees Credit Union (SRECU) operate?

Accepted Answer

SRECU operates exclusively in Miami, Florida, serving employees of Shaw-Ross International Importers. As an occupational credit union with a single common bond field of membership, the credit union's services are restricted to employees of Shaw-Ross, their immediate family members, and household members.

Membership is limited to individuals who work for Shaw-Ross International Importers, which has operations primarily in the Miami metropolitan area.

Question 5

What services does Shaw-Ross Employees Credit Union (SRECU) offer?

Accepted Answer

Shaw-Ross Employees Credit Union offers core financial services to its members, including:

Savings and Share Accounts – Members can establish savings accounts to build financial security and earn dividends on their deposits.

Loan Services – The credit union provides various lending products, including auto loans and other consumer credit options, helping members finance major purchases at competitive rates.

Member Support – Personalized service with direct access to credit union staff at (305) 625-4171 for account questions and financial guidance.

SRECU does not maintain a public website, reflecting its focus on serving a defined membership base through direct, personal interactions.

Question 6

What makes Shaw-Ross Employees Credit Union (SRECU) unique?

Accepted Answer

Shaw-Ross Employees Credit Union stands out for its specialized focus on a single employer in the beverage alcohol industry. Several distinctive characteristics include:

Industry-Specific Service – As the financial partner for employees of one of the nation's leading wine and spirits importers, SRECU understands the unique financial needs of workers in the beverage distribution industry.

Small Member Base – With just under 600 members, SRECU offers an intimate, personalized banking experience where members know the staff and receive individualized attention.

Strong Capitalization – The credit union maintains an excellent net worth ratio of 13.62%, demonstrating financial stability and security for its members.

Traditional Service Model – Without a website or extensive digital presence, SRECU focuses on direct, personal relationships with members through phone and in-person service.

Question 7

What type of financial institution is Shaw-Ross Employees Credit Union (SRECU)?

Accepted Answer

Shaw-Ross Employees Credit Union is a state-chartered credit union insured by the National Credit Union Administration (NCUA). As indicated by its credit union type code 2 in NCUA records, SRECU operates under a state charter issued by Florida's financial regulatory authorities.

The credit union operates as an occupational single common bond credit union, meaning membership is limited to employees of a single employer—Shaw-Ross International Importers—along with their immediate family members and household members. This structure allows the credit union to tailor its services specifically to the financial needs of Shaw-Ross employees.

As a member-owned cooperative financial institution, SRECU is governed by a volunteer board of directors elected from the membership. Profits generated by the credit union are returned to members through competitive rates on loans and savings, rather than distributed to outside shareholders.

Shaw-Ross Employees Credit Union (SRECU)

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About Shaw-Ross Employees Credit Union (SRECU) in the United States