Jun, 30, 2024 — NORTHERN STAR CREDIT UNION, INC. is a federally insured state chartered credit union headquartered in PORTSMOUTH, VA with 1 branch location and about $84.53 million in total assets. Opened 96 years ago in 1929, NORTHERN STAR CREDIT UNION, INC. has about 8,877 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: | 8,877 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $84,531,076 |
| CEO/Manager: | Jennifer Riley |
| Chairperson: | Charles R Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,080,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,413,427 |
| Unsecured Loans | 16,405,089 |
| Other Loans | 24,299,250 |
| TOTAL LOANS | 57,117,766 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -516,352 |
| Land And Building | 131,158 |
| Other Fixed Assets | 207,738 |
| NCUSIF Deposit | 751,153 |
| All Other Assets | 99,652 |
| TOTAL ASSETS | 84,531,076 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,166 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,780,970 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,896,950 |
| Regular shares | 50,013,721 |
| All Other Shares & Deposits | 6,995,944 |
| TOTAL SHARES & DEPOSITS | 76,906,615 |
| TOTAL LIABILITIES | 79,714,751 |
| Regular Reserve | 0 |
| Other Reserves | -2,428,731 |
| Undivided Earnings | 7,245,056 |
| TOTAL EQUITY | 4,816,325 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,531,076 |
| INCOME & EXPENSE | |
| Loan Income | 2,747,305 |
| Investment Income | 409,361 |
| Other Income | 221,130 |
| Total Employee Compensation & Benefits | 1,351,048 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,895,913 |
| Non-operating Income & (Expense) | 152,623 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 212,000 |
| Cost of Funds | 155,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,837 |
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