STAR CHOICE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.starchoicecu.org for more information.
Sep, 30, 2025 — STAR CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in Bloomington, MN with 2 branch locations and about $94.67 million in total assets. Opened 95 years ago in 1931, STAR CHOICE CREDIT UNION has about 6,223 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STAR CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 10750 France Ave S Bloomington, MN 55431 |
| Phone: | (952) 698-7228 |
| Fax: | |
| Website: | https://www.starchoicecu.org |
| Branches: | 2 branch locations |
| Members: | 6,223 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64706 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,674,958 |
| CEO/Manager: | Scott R Olson |
| Chairperson: | Lindsey Olsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,802,052 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,283,423 |
| Unsecured Loans | 4,278,075 |
| Other Loans | 20,122,183 |
| TOTAL LOANS | 66,683,681 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -232,419 |
| Land And Building | 1,925,165 |
| Other Fixed Assets | 186,197 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 733,033 |
| All Other Assets | 0 |
| TOTAL ASSETS | 94,674,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,036 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 364,711 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,738,773 |
| Regular shares | 31,936,152 |
| All Other Shares & Deposits | 14,689,239 |
| TOTAL SHARES & DEPOSITS | 87,364,164 |
| TOTAL LIABILITIES | 87,736,911 |
| Regular Reserve | 0 |
| Other Reserves | 1,443,696 |
| Undivided Earnings | 5,494,351 |
| TOTAL EQUITY | 6,938,047 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,674,958 |
| INCOME & EXPENSE | |
| Loan Income | 1,805,368 |
| Investment Income | 179,348 |
| Other Income | 120,105 |
| Total Employee Compensation & Benefits | 811,284 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,227,848 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,100 |
| Cost of Funds | 132,891 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 403,034 |
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