Sep, 30, 2025 — NORSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in BRITTON, SD with 1 branch location and about $73.21 million in total assets. Opened 84 years ago in 1942, NORSTAR FEDERAL CREDIT UNION has about 2,790 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORSTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 515 Vander Horck St BRITTON, SD 57430 |
| Phone: | (605) 448-2292 |
| Fax: | (605) 448-2293 |
| Website: | https://www.norstarfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,790 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4951 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,208,063 |
| CEO/Manager: | Jay Kruse |
| Chairperson: | Kurtis Larson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,159,686 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,222,087 |
| Unsecured Loans | 495,581 |
| Other Loans | 30,442,665 |
| TOTAL LOANS | 47,650,412 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -309,799 |
| Land And Building | 1,069,232 |
| Other Fixed Assets | 88,818 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 575,020 |
| All Other Assets | 0 |
| TOTAL ASSETS | 73,208,063 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 163,987 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -97,325 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,780,894 |
| Regular shares | 18,480,156 |
| All Other Shares & Deposits | 23,749,771 |
| TOTAL SHARES & DEPOSITS | 62,010,821 |
| TOTAL LIABILITIES | 62,077,483 |
| Regular Reserve | 0 |
| Other Reserves | 368,141 |
| Undivided Earnings | 10,762,439 |
| TOTAL EQUITY | 11,130,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,208,063 |
| INCOME & EXPENSE | |
| Loan Income | 1,959,955 |
| Investment Income | 764,130 |
| Other Income | 59,433 |
| Total Employee Compensation & Benefits | 585,067 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 628,586 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,268 |
| Cost of Funds | 697,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,022,947 |
| ↑ Back to Top | |