Dec, 31, 2021 — LONE STAR CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 3 branch locations and about $160.12 million in total assets. Opened 55 years ago in 1967, LONE STAR CREDIT UNION has about 10,611 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LONE STAR CREDIT UNION |
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Address: (Main Office) | 7508 Ferguson Rd DALLAS, TX 75228 |
Phone: | (214) 327-9367 |
Fax: | (214) 217-8149 |
Website: | http://www.lonestarcu.org |
Branches: | 3 branch locations |
Members: | 10,611 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68449 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $160,116,872 |
CEO/Manager: | Becky Reed |
Chairperson: | Wayne Price |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,506,290 |
TOTAL INVESTMENTS | 22,809,492 |
Loans Held for Sale | 0 |
Real Estate Loans | 45,837,072 |
Unsecured Loans | 6,782,911 |
Other Loans | 52,832,615 |
TOTAL LOANS | 105,509,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -448,567 |
Land And Building | 6,481,731 |
Other Fixed Assets | 1,035,730 |
NCUSIF Deposit | 1,324,999 |
All Other Assets | 3,897,661 |
TOTAL ASSETS | 160,116,872 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 87,431 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 658,635 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,058,893 |
Regular shares | 71,145,309 |
All Other Shares & Deposits | 41,855,298 |
TOTAL SHARES & DEPOSITS | 147,059,500 |
TOTAL LIABILITIES | 147,805,566 |
Regular Reserve | 2,999,952 |
Other Reserves | -212,616 |
Undivided Earnings | 9,523,970 |
TOTAL EQUITY | 12,311,306 |
TOTAL LIABILITIES, SHARES, & EQUITY | 160,116,872 |
INCOME & EXPENSE | |
Loan Income | 4,470,572 |
Investment Income | 331,600 |
Other Income | 1,471,499 |
Total Employee Compensation & Benefits | 2,827,622 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,010,990 |
Non-operating Income & (Expense) | -4,316 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,908 |
Cost of Funds | 381,138 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,391,610 |
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