FEDSTAR FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.fedstar.org for more information.
Sep, 30, 2025 — FEDSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in Salem, VA with 2 branch locations and about $23.78 million in total assets. Opened 79 years ago in 1947, FEDSTAR FEDERAL CREDIT UNION has about 3,581 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDSTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 W Main St Salem, VA 24153 |
| Phone: | (540) 986-0652 |
| Fax: | (540) 986-0412 |
| Website: | https://www.fedstar.org |
| Branches: | 2 branch locations |
| Members: | 3,581 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5486 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2018 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,782,700 |
| CEO/Manager: | Jamie Priest |
| Chairperson: | Lynn Cochran |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,938,525 |
| TOTAL INVESTMENTS | 52,111 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 603,039 |
| Unsecured Loans | 5,146,430 |
| Other Loans | 11,268,721 |
| TOTAL LOANS | 17,018,190 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -468,866 |
| Land And Building | 789,528 |
| Other Fixed Assets | 54,205 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 230,417 |
| All Other Assets | 168,590 |
| TOTAL ASSETS | 23,782,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,406,457 |
| Regular shares | 10,249,929 |
| All Other Shares & Deposits | 9,212,881 |
| TOTAL SHARES & DEPOSITS | 23,869,267 |
| TOTAL LIABILITIES | 23,952,231 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | -169,531 |
| TOTAL EQUITY | -169,531 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,782,700 |
| INCOME & EXPENSE | |
| Loan Income | 298,410 |
| Investment Income | 376 |
| Other Income | 35,557 |
| Total Employee Compensation & Benefits | 131,050 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 176,750 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 520 |
| Cost of Funds | 68,905 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,482 |
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