Jun, 30, 2024 — TWINSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in LACEY, WA with 22 branch locations and about $2.19 billion in total assets. Opened 87 years ago in 1938, TWINSTAR CREDIT UNION has about 143,556 members and employs 449 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TWINSTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 4501 INTELCO LOOP SE LACEY, WA 98503 |
| Phone: | (800) 258-3115 |
| Fax: | |
| Website: | https://www.twinstarcu.com |
| Branches: | 22 branch locations |
| Members: | 143,556 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68271 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,192,078,668 |
| CEO/Manager: | Jeff Kennedy |
| Chairperson: | Ron Hastie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,749,371 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 451,327,486 |
| Unsecured Loans | 154,639,502 |
| Other Loans | 1,009,366,580 |
| TOTAL LOANS | 1,615,425,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,894,069 |
| Land And Building | 35,016,116 |
| Other Fixed Assets | 10,010,543 |
| NCUSIF Deposit | 18,232,514 |
| All Other Assets | 120,908 |
| TOTAL ASSETS | 2,192,078,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 198 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 34,406,685 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 798,004,351 |
| Regular shares | 761,106,114 |
| All Other Shares & Deposits | 447,745,813 |
| TOTAL SHARES & DEPOSITS | 2,006,856,278 |
| TOTAL LIABILITIES | 2,041,263,161 |
| Regular Reserve | 0 |
| Other Reserves | -60,163,436 |
| Undivided Earnings | 210,978,943 |
| TOTAL EQUITY | 150,815,507 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,192,078,668 |
| INCOME & EXPENSE | |
| Loan Income | 51,342,975 |
| Investment Income | 5,869,373 |
| Other Income | 10,536,237 |
| Total Employee Compensation & Benefits | 32,926,279 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,542,681 |
| Non-operating Income & (Expense) | 294,351 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,934,500 |
| Cost of Funds | 3,442,180 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,701,429 |
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