Sep, 30, 2021 — LONE STAR CREDIT UNION is a federally insured state chartered credit union headquartered in Dallas, TX with 3 branch locations and about $153.01 million in total assets. Opened 54 years ago in 1967, LONE STAR CREDIT UNION has about 10,605 members and employs 37 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 |
|---|---|
| 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: | 10,605 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68449 |
|---|---|
| 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: | $153,012,029 |
| CEO/Manager: | Becky Reed |
| Chairperson: | Wayne Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,656,633 |
| TOTAL INVESTMENTS | 20,777,101 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,442,914 |
| Unsecured Loans | 6,366,174 |
| Other Loans | 51,723,524 |
| TOTAL LOANS | 104,590,976 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -384,981 |
| Land And Building | 6,065,480 |
| Other Fixed Assets | 979,283 |
| NCUSIF Deposit | 1,242,380 |
| All Other Assets | 3,085,157 |
| TOTAL ASSETS | 153,012,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 89,133 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,060,674 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,782,134 |
| Regular shares | 68,216,818 |
| All Other Shares & Deposits | 40,688,641 |
| TOTAL SHARES & DEPOSITS | 141,687,593 |
| TOTAL LIABILITIES | 140,716,052 |
| Regular Reserve | 2,999,952 |
| Other Reserves | -102,792 |
| Undivided Earnings | 9,398,817 |
| TOTAL EQUITY | 12,295,977 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,012,029 |
| INCOME & EXPENSE | |
| Loan Income | 3,328,878 |
| Investment Income | 240,208 |
| Other Income | 1,097,385 |
| Total Employee Compensation & Benefits | 2,044,392 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,215,070 |
| Non-operating Income & (Expense) | -4,316 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,201 |
| Cost of Funds | 288,186 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,266,456 |
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