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NEW RISING STAR FEDERAL CREDIT UNION

Sep, 30, 2022 — NEW RISING STAR FEDERAL CREDIT UNION is a federal credit union headquartered in DETROIT, MI with 1 branch location and about $112,101 in total assets. Opened 40 years ago in 1983, NEW RISING STAR FEDERAL CREDIT UNION has about 140 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:140
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:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$112,101
CEO/Manager:Veronica Johnson
Chairperson:Christopher Holly

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 108,189
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,972
 Other Loans 0
 TOTAL LOANS 6,972
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,717
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 1,012
 All Other Assets 0
  TOTAL ASSETS 112,101
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 101,006
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 101,006
  TOTAL LIABILITIES 101,006
 Regular Reserve 0
 Other Reserves 4,625
 Undivided Earnings 6,470
  TOTAL EQUITY 11,095
  TOTAL LIABILITIES, SHARES, & EQUITY 112,101
INCOME & EXPENSE  
 Loan Income 1,048
 Investment Income 0
 Other Income 140
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,916
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,500
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,772
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