Dec, 31, 2021 — STAR OF TEXAS CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 1 branch location and about $60.71 million in total assets. Opened 70 years ago in 1952, STAR OF TEXAS CREDIT UNION has about 2,607 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: | http://www.staroftexascu.org |
| Branches: | 1 branch locations |
| Members: | 2,607 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,713,701 |
| CEO/Manager: | David C Van Buskirk |
| Chairperson: | Yurauri A Galarraga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,916,661 |
| TOTAL INVESTMENTS | 15,035,624 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,522,392 |
| Unsecured Loans | 861,987 |
| Other Loans | 9,150,492 |
| TOTAL LOANS | 38,534,871 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,331 |
| Land And Building | 534,582 |
| Other Fixed Assets | 91,019 |
| NCUSIF Deposit | 416,041 |
| All Other Assets | 321,234 |
| TOTAL ASSETS | 60,713,701 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,789,698 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,040,713 |
| Regular shares | 18,028,515 |
| All Other Shares & Deposits | 22,612,600 |
| TOTAL SHARES & DEPOSITS | 51,681,828 |
| TOTAL LIABILITIES | 54,471,526 |
| Regular Reserve | 722,993 |
| Other Reserves | 496,596 |
| Undivided Earnings | 5,022,586 |
| TOTAL EQUITY | 6,242,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,713,701 |
| INCOME & EXPENSE | |
| Loan Income | 2,316,574 |
| Investment Income | 24,131 |
| Other Income | 367,946 |
| Total Employee Compensation & Benefits | 794,540 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 908,084 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,527 |
| Cost of Funds | 294,059 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 781,666 |
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