Jun, 30, 2024 — SOUTHERN STAR CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $20.70 million in total assets. Opened 71 years ago in 1953, SOUTHERN STAR CREDIT UNION has about 2,960 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN STAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 16035 W Little York Rd HOUSTON, TX 77084 |
| Phone: | (713) 934-1460 |
| Fax: | (713) 934-1470 |
| Website: | https://www.southernstarcu.org |
| Branches: | 1 branch locations |
| Members: | 2,960 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67660 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,703,412 |
| CEO/Manager: | Debra Callihan |
| Chairperson: | William Conrad |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,264,164 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,971,650 |
| Unsecured Loans | 2,017,832 |
| Other Loans | 5,915,774 |
| TOTAL LOANS | 9,905,256 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,087 |
| Land And Building | 2,080,331 |
| Other Fixed Assets | 49,722 |
| NCUSIF Deposit | 181,080 |
| All Other Assets | 95,741 |
| TOTAL ASSETS | 20,703,412 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,436 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 300,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,103,216 |
| Regular shares | 11,584,018 |
| All Other Shares & Deposits | 4,077,271 |
| TOTAL SHARES & DEPOSITS | 17,764,505 |
| TOTAL LIABILITIES | 18,071,425 |
| Regular Reserve | 0 |
| Other Reserves | 2,500,000 |
| Undivided Earnings | 131,987 |
| TOTAL EQUITY | 2,631,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,703,412 |
| INCOME & EXPENSE | |
| Loan Income | 411,617 |
| Investment Income | 71,596 |
| Other Income | 50,420 |
| Total Employee Compensation & Benefits | 217,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 430,909 |
| Non-operating Income & (Expense) | 41,814 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,958 |
| Cost of Funds | 22,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -47,836 |
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