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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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