Dec, 31, 2021 — STAR FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 2 branch locations and about $51.26 million in total assets. Opened 63 years ago in 1959, STAR FINANCIAL CREDIT UNION has about 4,577 members and employs 22 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 |
|---|---|
| Address: (Main Office) | 10429 Leopard St CORPUS CHRISTI, TX 78410-1933 |
| Phone: | (361) 242-7827 |
| Fax: | (361) 241-6207 |
| Website: | http://www.starcu.org |
| Branches: | 2 branch locations |
| Members: | 4,577 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68300 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,260,160 |
| CEO/Manager: | Lester Warby |
| Chairperson: | Hector Saenz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,925,452 |
| TOTAL INVESTMENTS | 6,710,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 782,455 |
| Unsecured Loans | 9,903,581 |
| Other Loans | 17,126,282 |
| TOTAL LOANS | 27,812,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -232,772 |
| Land And Building | 2,410,197 |
| Other Fixed Assets | 412,405 |
| NCUSIF Deposit | 450,319 |
| All Other Assets | 772,241 |
| TOTAL ASSETS | 51,260,160 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 372,497 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,272,537 |
| Regular shares | 27,245,955 |
| All Other Shares & Deposits | 7,721,359 |
| TOTAL SHARES & DEPOSITS | 45,239,851 |
| TOTAL LIABILITIES | 45,612,348 |
| Regular Reserve | 1,355,625 |
| Other Reserves | 0 |
| Undivided Earnings | 4,292,187 |
| TOTAL EQUITY | 5,647,812 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,260,160 |
| INCOME & EXPENSE | |
| Loan Income | 1,987,581 |
| Investment Income | 135,503 |
| Other Income | 404,603 |
| Total Employee Compensation & Benefits | 1,041,764 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,243,207 |
| Non-operating Income & (Expense) | 58,742 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 442,602 |
| Cost of Funds | 175,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 221,513 |
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