Dec, 31, 2023 — STARR COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in RIO GRANDE CITY, TX with 2 branch locations and about $41.13 million in total assets. Opened 56 years ago in 1968, STARR COUNTY TEACHERS FEDERAL CREDIT UNION has about 4,539 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STARR COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1322 E San Benito St RIO GRANDE CITY, TX 78582 |
| Phone: | (956) 487-4044 |
| Fax: | (956) 487-0489 |
| Website: | https://www.starrfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,539 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18559 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,126,645 |
| CEO/Manager: | Enedina P Nunez |
| Chairperson: | Dario Salinas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,080,867 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,722,981 |
| Other Loans | 6,013,482 |
| TOTAL LOANS | 9,736,463 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,488 |
| Land And Building | 1,315,512 |
| Other Fixed Assets | 49,002 |
| NCUSIF Deposit | 369,879 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,126,645 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 273,681 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,962,645 |
| Regular shares | 25,329,725 |
| All Other Shares & Deposits | 4,340,726 |
| TOTAL SHARES & DEPOSITS | 34,633,096 |
| TOTAL LIABILITIES | 34,906,777 |
| Regular Reserve | 0 |
| Other Reserves | 448,721 |
| Undivided Earnings | 5,771,147 |
| TOTAL EQUITY | 6,219,868 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,126,645 |
| INCOME & EXPENSE | |
| Loan Income | 766,214 |
| Investment Income | 1,127,625 |
| Other Income | 346,217 |
| Total Employee Compensation & Benefits | 620,480 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 803,765 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61,728 |
| Cost of Funds | 142,467 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 659,841 |
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