ASTERA CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.asteracu.com for more information.
Sep, 30, 2025 — ASTERA CREDIT UNION is a federally insured state chartered credit union headquartered in Lansing, MI with 4 branch locations and about $190.05 million in total assets. Opened 77 years ago in 1949, ASTERA CREDIT UNION has about 15,377 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASTERA CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 S Waverly Rd Lansing, MI 48917 |
| Phone: | (517) 323-3644 |
| Fax: | (517) 323-4414 |
| Website: | https://www.asteracu.com |
| Branches: | 4 branch locations |
| Members: | 15,377 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60920 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $190,046,125 |
| CEO/Manager: | Martin R Carter |
| Chairperson: | Kevin Goff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,561,057 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,954,714 |
| Unsecured Loans | 7,096,035 |
| Other Loans | 54,096,794 |
| TOTAL LOANS | 110,177,280 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,338,400 |
| Land And Building | 6,499,291 |
| Other Fixed Assets | 186,562 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,634,870 |
| All Other Assets | 197,792 |
| TOTAL ASSETS | 190,046,125 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,005,001 |
| Accounts Payable & Other Liabilities | 604,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,645,478 |
| Regular shares | 59,168,388 |
| All Other Shares & Deposits | 80,740,268 |
| TOTAL SHARES & DEPOSITS | 172,554,134 |
| TOTAL LIABILITIES | 181,163,419 |
| Regular Reserve | 0 |
| Other Reserves | -8,479,533 |
| Undivided Earnings | 17,362,239 |
| TOTAL EQUITY | 8,882,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 190,046,125 |
| INCOME & EXPENSE | |
| Loan Income | 4,005,898 |
| Investment Income | 835,402 |
| Other Income | 792,341 |
| Total Employee Compensation & Benefits | 3,166,244 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,757,586 |
| Non-operating Income & (Expense) | 42,303 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,782 |
| Cost of Funds | 485,572 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 746,019 |
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