Dec, 31, 2023 — STAR TECH FEDERAL CREDIT UNION is a federal credit union headquartered in GREENWOOD VILLAGE, CO with 1 branch location and about $10.58 million in total assets. Opened 85 years ago in 1939, STAR TECH FEDERAL CREDIT UNION has about 1,539 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STAR TECH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5310 Dtc Pkwy Ste H GREENWOOD VILLAGE, CO 80111-3010 |
| Phone: | (720) 493-1270 |
| Fax: | (720) 493-1604 |
| Website: | https://www.star-techfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,539 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3182 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,581,717 |
| CEO/Manager: | MYSTIC M MIHALICK |
| Chairperson: | CINDA KITE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 493,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 703,129 |
| Unsecured Loans | 322,555 |
| Other Loans | 4,630,493 |
| TOTAL LOANS | 5,656,177 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,510 |
| Land And Building | 0 |
| Other Fixed Assets | 17,489 |
| NCUSIF Deposit | 87,881 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,581,717 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,292 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,361,268 |
| Regular shares | 2,495,336 |
| All Other Shares & Deposits | 4,609,305 |
| TOTAL SHARES & DEPOSITS | 8,465,909 |
| TOTAL LIABILITIES | 8,476,201 |
| Regular Reserve | 0 |
| Other Reserves | 247,930 |
| Undivided Earnings | 1,857,586 |
| TOTAL EQUITY | 2,105,516 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,581,717 |
| INCOME & EXPENSE | |
| Loan Income | 368,923 |
| Investment Income | 194,540 |
| Other Income | 16,415 |
| Total Employee Compensation & Benefits | 160,857 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 162,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,000 |
| Cost of Funds | 83,572 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 154,178 |
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