Dec, 31, 2023 — NEW RISING STAR FEDERAL CREDIT UNION is a federal credit union headquartered in DETROIT, MI with 1 branch location and about $108,589 in total assets. Opened 41 years ago in 1983, NEW RISING STAR FEDERAL CREDIT UNION has about 139 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW RISING STAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10605 Mack Ave DETROIT, MI 48214 |
| Phone: | (313) 823-5084 |
| Fax: | (313) 823-5086 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 139 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24030 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $108,589 |
| CEO/Manager: | Veronica Johnson |
| Chairperson: | Christopher Holly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,812 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,441 |
| Other Loans | 0 |
| TOTAL LOANS | 5,441 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,199 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 973 |
| All Other Assets | 0 |
| TOTAL ASSETS | 108,589 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 98,238 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 98,238 |
| TOTAL LIABILITIES | 98,238 |
| Regular Reserve | 0 |
| Other Reserves | 5,691 |
| Undivided Earnings | 4,660 |
| TOTAL EQUITY | 10,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 108,589 |
| INCOME & EXPENSE | |
| Loan Income | 1,226 |
| Investment Income | 0 |
| Other Income | 271 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,351 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -854 |
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» See also Statement of Financial Condition