Dec, 31, 2023 — STAR FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 2 branch locations and about $52.09 million in total assets. Opened 65 years ago in 1959, STAR FINANCIAL CREDIT UNION has about 3,210 members and employs 19 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 FINANCIAL CREDIT UNION |
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Address: (Main Office) | 10429 Leopard St CORPUS CHRISTI, TX 78410-1933 |
Phone: | (361) 242-7827 |
Fax: | (361) 241-6207 |
Website: | https://www.starcu.org |
Branches: | 2 branch locations |
Members: | 3,210 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68300 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,094,012 |
CEO/Manager: | Maria Flores |
Chairperson: | Hector Saenz |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,959,083 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 731,834 |
Unsecured Loans | 3,110,778 |
Other Loans | 23,458,336 |
TOTAL LOANS | 27,300,948 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,037 |
Land And Building | 2,330,330 |
Other Fixed Assets | 375,250 |
NCUSIF Deposit | 467,985 |
All Other Assets | 0 |
TOTAL ASSETS | 52,094,012 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 539,505 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,704,995 |
Regular shares | 25,461,928 |
All Other Shares & Deposits | 11,383,791 |
TOTAL SHARES & DEPOSITS | 46,550,715 |
TOTAL LIABILITIES | 47,090,220 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,003,792 |
TOTAL EQUITY | 5,003,792 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,094,012 |
INCOME & EXPENSE | |
Loan Income | 1,940,063 |
Investment Income | 557,334 |
Other Income | 416,923 |
Total Employee Compensation & Benefits | 1,336,040 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,398,355 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 579,805 |
Cost of Funds | 406,906 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -479,901 |
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» See also Statement of Financial Condition