Dec, 31, 2023 — NORTHERN STAR CREDIT UNION, INC. is a federally insured state chartered credit union headquartered in PORTSMOUTH, VA with 1 branch location and about $76.08 million in total assets. Opened 95 years ago in 1929, NORTHERN STAR CREDIT UNION, INC. has about 8,239 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN STAR CREDIT UNION, INC. |
|---|---|
| Address: (Main Office) | 5100 George Washington Hwy PORTSMOUTH, VA 23702 |
| Phone: | (757) 487-3474 |
| Fax: | (757) 558-8000 |
| Website: | https://www.nstarcu.org |
| Branches: | 1 branch locations |
| Members: | 8,239 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66956 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $76,081,698 |
| CEO/Manager: | Jennifer Riley |
| Chairperson: | Charles R Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,627,856 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,341,129 |
| Unsecured Loans | 16,948,116 |
| Other Loans | 16,265,556 |
| TOTAL LOANS | 47,554,801 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,422,468 |
| Land And Building | 592,372 |
| Other Fixed Assets | 211,449 |
| NCUSIF Deposit | 703,124 |
| All Other Assets | 0 |
| TOTAL ASSETS | 76,081,698 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,783 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,478,347 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,851,445 |
| Regular shares | 44,678,205 |
| All Other Shares & Deposits | 5,378,244 |
| TOTAL SHARES & DEPOSITS | 68,907,893 |
| TOTAL LIABILITIES | 71,409,023 |
| Regular Reserve | 0 |
| Other Reserves | -2,813,752 |
| Undivided Earnings | 7,486,427 |
| TOTAL EQUITY | 4,672,675 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,081,698 |
| INCOME & EXPENSE | |
| Loan Income | 3,739,557 |
| Investment Income | 855,471 |
| Other Income | 258,358 |
| Total Employee Compensation & Benefits | 1,625,241 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,104,579 |
| Non-operating Income & (Expense) | 304,671 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,329,000 |
| Cost of Funds | 174,139 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 197,843 |
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