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 |
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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 |
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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 |
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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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