Dec, 31, 2023 — MOUNTAIN STAR FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 1 branch location and about $41.76 million in total assets. Opened 89 years ago in 1935, MOUNTAIN STAR FEDERAL CREDIT UNION has about 4,132 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOUNTAIN STAR FEDERAL CREDIT UNION |
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Address: (Main Office) | 2229 E Yandell Dr EL PASO, TX 79903-3612 |
Phone: | (915) 544-2215 |
Fax: | (915) 544-8064 |
Website: | https://www.mountainstarfcu.org |
Branches: | 1 branch locations |
Members: | 4,132 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 856 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,759,275 |
CEO/Manager: | Samuel Diaz |
Chairperson: | Mike Hernandez |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,816,720 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,377,788 |
Unsecured Loans | 1,347,402 |
Other Loans | 15,821,520 |
TOTAL LOANS | 19,546,710 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,364 |
Land And Building | 384,330 |
Other Fixed Assets | 16,931 |
NCUSIF Deposit | 335,226 |
All Other Assets | 0 |
TOTAL ASSETS | 41,759,275 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,787 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,126,900 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,599,795 |
Regular shares | 17,347,483 |
All Other Shares & Deposits | 7,494,929 |
TOTAL SHARES & DEPOSITS | 33,442,207 |
TOTAL LIABILITIES | 36,574,894 |
Regular Reserve | 0 |
Other Reserves | 3,293,374 |
Undivided Earnings | 1,891,007 |
TOTAL EQUITY | 5,184,381 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,759,275 |
INCOME & EXPENSE | |
Loan Income | 829,961 |
Investment Income | 698,767 |
Other Income | 184,295 |
Total Employee Compensation & Benefits | 567,150 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 708,096 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,354 |
Cost of Funds | 50,053 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 574,307 |
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