Dec, 31, 2023 — STAR ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SUNNYVALE, CA with 6 branch locations and about $9.90 billion in total assets. Opened 68 years ago in 1956, STAR ONE CREDIT UNION has about 126,042 members and employs 260 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 ONE CREDIT UNION |
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Address: (Main Office) | 1306 Bordeaux Dr SUNNYVALE, CA 94089-1005 |
Phone: | (408) 543-5202 |
Fax: | (408) 543-5203 |
Website: | https://www.starone.org |
Branches: | 6 branch locations |
Members: | 126,042 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68465 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $9,897,274,103 |
CEO/Manager: | Gary Rodrigues |
Chairperson: | Melissa Henck |
ASSETS: | $ Amount |
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Cash & Equivalents | 168,546,382 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,186,751,754 |
Unsecured Loans | 107,988,813 |
Other Loans | 483,257,350 |
TOTAL LOANS | 5,777,997,917 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,085,022 |
Land And Building | 10,811,076 |
Other Fixed Assets | 2,667,310 |
NCUSIF Deposit | 62,443,345 |
All Other Assets | 37,193 |
TOTAL ASSETS | 9,897,274,103 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,420,300,000 |
Accounts Payable & Other Liabilities | 74,177,694 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 616,162,743 |
Regular shares | 6,055,215,163 |
All Other Shares & Deposits | 703,861,055 |
TOTAL SHARES & DEPOSITS | 7,375,238,962 |
TOTAL LIABILITIES | 8,869,716,656 |
Regular Reserve | 0 |
Other Reserves | -257,941,969 |
Undivided Earnings | 1,285,499,416 |
TOTAL EQUITY | 1,027,557,447 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,897,274,103 |
INCOME & EXPENSE | |
Loan Income | 242,152,167 |
Investment Income | 68,845,541 |
Other Income | 1,381,323 |
Total Employee Compensation & Benefits | 27,786,590 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 40,834,150 |
Non-operating Income & (Expense) | -671,965 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,094,065 |
Cost of Funds | 236,411,392 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,185,977 |
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