Dec, 31, 2023 — STAR OF TEXAS CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 1 branch location and about $61.74 million in total assets. Opened 72 years ago in 1952, STAR OF TEXAS CREDIT UNION has about 2,739 members and employs 13 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 OF TEXAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 114 E huntland dr AUSTIN, TX 78752 |
| Phone: | (512) 458-8253 |
| Fax: | (512) 458-8716 |
| Website: | https://www.staroftexascu.org |
| Branches: | 1 branch locations |
| Members: | 2,739 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67512 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $61,740,496 |
| CEO/Manager: | David C Van Buskirk |
| Chairperson: | Yurauri A Galarraga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,341,238 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,480,162 |
| Unsecured Loans | 1,095,822 |
| Other Loans | 10,532,259 |
| TOTAL LOANS | 49,108,243 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -331,043 |
| Land And Building | 581,876 |
| Other Fixed Assets | 44,977 |
| NCUSIF Deposit | 448,162 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,740,496 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,137 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,954,888 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,573,200 |
| Regular shares | 14,912,230 |
| All Other Shares & Deposits | 23,681,486 |
| TOTAL SHARES & DEPOSITS | 49,166,916 |
| TOTAL LIABILITIES | 51,125,941 |
| Regular Reserve | 0 |
| Other Reserves | 496,596 |
| Undivided Earnings | 10,117,959 |
| TOTAL EQUITY | 10,614,555 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,740,496 |
| INCOME & EXPENSE | |
| Loan Income | 2,929,197 |
| Investment Income | 361,208 |
| Other Income | 399,828 |
| Total Employee Compensation & Benefits | 721,943 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 943,648 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,245 |
| Cost of Funds | 668,650 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,264,090 |
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