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ASTERA CREDIT UNION

Mar, 31, 2022 — ASTERA CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 4 branch locations and about $192.54 million in total assets. Opened 73 years ago in 1949, ASTERA CREDIT UNION has about 15,486 members and employs 63 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:http://www.asteracu.com
Branches:4 branch locations
Members:15,486
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$192,542,815
CEO/Manager:Martin R Carter
Chairperson:Jason Hawkins

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,040,488
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 47,871,272
 Unsecured Loans 6,403,634
 Other Loans 49,358,995
 TOTAL LOANS 103,667,538
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,262,705
 Land And Building 6,544,723
 Other Fixed Assets 231,111
 NCUSIF Deposit 1,618,869
 All Other Assets 116,162
  TOTAL ASSETS 192,542,815
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,504,833
 Accounts Payable & Other Liabilities 699,786
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 33,153,495
 Regular shares 61,723,101
 All Other Shares & Deposits 77,298,839
  TOTAL SHARES & DEPOSITS 172,175,435
  TOTAL LIABILITIES 179,380,054
 Regular Reserve 0
 Other Reserves -3,561,330
 Undivided Earnings 16,724,091
  TOTAL EQUITY 13,162,761
  TOTAL LIABILITIES, SHARES, & EQUITY 192,542,815
INCOME & EXPENSE  
 Loan Income 1,301,878
 Investment Income 231,049
 Other Income 263,499
 Total Employee Compensation & Benefits 1,032,132
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,229,352
 Non-operating Income & (Expense) 15,084
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 56,846
 Cost of Funds 146,660
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 107,871
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