Dec, 31, 2023 — STAR USA FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 6 branch locations and about $172.99 million in total assets. Opened 88 years ago in 1936, STAR USA FEDERAL CREDIT UNION has about 15,244 members and employs 40 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 USA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Cantley Dr CHARLESTON, WV 25314-1089 |
| Phone: | (304) 357-2319 |
| Fax: | (304) 357-2291 |
| Website: | https://www.star.coop |
| Branches: | 6 branch locations |
| Members: | 15,244 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 911 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $172,989,509 |
| CEO/Manager: | Daniel R Smithson, Jr |
| Chairperson: | Tom Epps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,546,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,673,882 |
| Unsecured Loans | 711,561 |
| Other Loans | 61,931,446 |
| TOTAL LOANS | 118,007,879 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -369,743 |
| Land And Building | 6,025,414 |
| Other Fixed Assets | 340,890 |
| NCUSIF Deposit | 1,453,844 |
| All Other Assets | 1,291,964 |
| TOTAL ASSETS | 172,989,509 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 14,604,019 |
| Accounts Payable & Other Liabilities | 969,821 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,195,097 |
| Regular shares | 55,365,203 |
| All Other Shares & Deposits | 66,138,869 |
| TOTAL SHARES & DEPOSITS | 143,699,168 |
| TOTAL LIABILITIES | 159,273,008 |
| Regular Reserve | 0 |
| Other Reserves | -1,941,859 |
| Undivided Earnings | 15,658,360 |
| TOTAL EQUITY | 13,716,501 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 172,989,509 |
| INCOME & EXPENSE | |
| Loan Income | 6,330,506 |
| Investment Income | 598,359 |
| Other Income | 695,677 |
| Total Employee Compensation & Benefits | 3,248,753 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,449,540 |
| Non-operating Income & (Expense) | 628,565 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 420,051 |
| Cost of Funds | 2,085,732 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -92,057 |
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