Sep, 30, 2025 — AVESTAR CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, WI with 4 branch locations and about $64.85 million in total assets. Opened 62 years ago in 1964, AVESTAR CREDIT UNION has about 5,873 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVESTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 W Madison St WATERLOO, WI 53594 |
| Phone: | (920) 478-2151 |
| Fax: | (920) 478-2153 |
| Website: | https://www.avestarcu.com |
| Branches: | 4 branch locations |
| Members: | 5,873 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66537 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $64,853,094 |
| CEO/Manager: | Jennifer Kutz |
| Chairperson: | Ron Kluge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,874,626 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,936,858 |
| Unsecured Loans | 4,233,416 |
| Other Loans | 21,629,764 |
| TOTAL LOANS | 54,800,036 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -423,295 |
| Land And Building | 903,115 |
| Other Fixed Assets | 128,823 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 554,204 |
| All Other Assets | 0 |
| TOTAL ASSETS | 64,853,094 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 402,909 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,089,624 |
| Regular shares | 26,852,089 |
| All Other Shares & Deposits | 18,665,307 |
| TOTAL SHARES & DEPOSITS | 56,607,020 |
| TOTAL LIABILITIES | 57,011,991 |
| Regular Reserve | 0 |
| Other Reserves | 4,006,258 |
| Undivided Earnings | 3,834,845 |
| TOTAL EQUITY | 7,841,103 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,853,094 |
| INCOME & EXPENSE | |
| Loan Income | 2,622,294 |
| Investment Income | 157,962 |
| Other Income | 449,386 |
| Total Employee Compensation & Benefits | 1,259,728 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,022,705 |
| Non-operating Income & (Expense) | -9,940 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 232,444 |
| Cost of Funds | 596,738 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 225,009 |
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