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.
Jun, 30, 2024 — 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 77 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 |
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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 |
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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 |
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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 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 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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