Dec, 31, 2023 — STAR OF TEXAS CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 1 branch location and about $61.74 million in total assets. Opened 72 years ago in 1952, STAR OF TEXAS CREDIT UNION has about 2,739 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STAR OF TEXAS CREDIT UNION |
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Address: (Main Office) | 114 E huntland dr AUSTIN, TX 78752 |
Phone: | (512) 458-8253 |
Fax: | (512) 458-8716 |
Website: | https://www.staroftexascu.org |
Branches: | 1 branch locations |
Members: | 2,739 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67512 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $61,740,496 |
CEO/Manager: | David C Van Buskirk |
Chairperson: | Yurauri A Galarraga |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,341,238 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 37,480,162 |
Unsecured Loans | 1,095,822 |
Other Loans | 10,532,259 |
TOTAL LOANS | 49,108,243 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -331,043 |
Land And Building | 581,876 |
Other Fixed Assets | 44,977 |
NCUSIF Deposit | 448,162 |
All Other Assets | 0 |
TOTAL ASSETS | 61,740,496 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,137 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,954,888 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,573,200 |
Regular shares | 14,912,230 |
All Other Shares & Deposits | 23,681,486 |
TOTAL SHARES & DEPOSITS | 49,166,916 |
TOTAL LIABILITIES | 51,125,941 |
Regular Reserve | 0 |
Other Reserves | 496,596 |
Undivided Earnings | 10,117,959 |
TOTAL EQUITY | 10,614,555 |
TOTAL LIABILITIES, SHARES, & EQUITY | 61,740,496 |
INCOME & EXPENSE | |
Loan Income | 2,929,197 |
Investment Income | 361,208 |
Other Income | 399,828 |
Total Employee Compensation & Benefits | 721,943 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 943,648 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,245 |
Cost of Funds | 668,650 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,264,090 |
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