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WESTSTAR CREDIT UNION

Dec, 31, 2023 — WESTSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in LAS VEGAS, NV with 5 branch locations and about $248.49 million in total assets. Opened 49 years ago in 1975, WESTSTAR CREDIT UNION has about 20,646 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTSTAR CREDIT UNION
Address:
(Main Office)
2775 S RAINBOW BLVD
LAS VEGAS, NV 89146
Phone:(702) 791-4777
Fax:(702) 791-2021
Website:https://www.weststar.org
Branches:5 branch locations
Members:20,646
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68227
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1975
Last Audited:Dec 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$248,487,847
CEO/Manager:John Bagents
Chairperson:Kevin Orrock

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,538,809
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 49,296,085
 Unsecured Loans 7,884,979
 Other Loans 64,302,523
 TOTAL LOANS 121,483,587
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,180,292
 Land And Building 3,623,361
 Other Fixed Assets 839,274
 NCUSIF Deposit 2,285,200
 All Other Assets 40,700
  TOTAL ASSETS 248,487,847
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,123,272
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 57,203,344
 Regular shares 98,002,984
 All Other Shares & Deposits 73,189,054
  TOTAL SHARES & DEPOSITS 228,395,382
  TOTAL LIABILITIES 231,518,654
 Regular Reserve 0
 Other Reserves -9,482,040
 Undivided Earnings 26,451,233
  TOTAL EQUITY 16,969,193
  TOTAL LIABILITIES, SHARES, & EQUITY 248,487,847
INCOME & EXPENSE  
 Loan Income 5,923,099
 Investment Income 3,256,089
 Other Income 2,447,881
 Total Employee Compensation & Benefits 4,620,372
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,780,785
 Non-operating Income & (Expense) 301,992
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 790,625
 Cost of Funds 1,460,757
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,653,079
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