Mar, 31, 2021 — LONE STAR CREDIT UNION is a federally insured state chartered credit union headquartered in Dallas, TX with 3 branch locations and about $147.43 million in total assets. Opened 54 years ago in 1967, LONE STAR CREDIT UNION has about 10,661 members and employs 32 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: | 10,661 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $147,430,787 |
| CEO/Manager: | Becky Reed |
| Chairperson: | Wayne Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,659,992 |
| TOTAL INVESTMENTS | 12,633,823 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,167,310 |
| Unsecured Loans | 6,048,915 |
| Other Loans | 51,700,351 |
| TOTAL LOANS | 103,977,862 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -471,781 |
| Land And Building | 2,187,946 |
| Other Fixed Assets | 1,022,258 |
| NCUSIF Deposit | 1,194,372 |
| All Other Assets | 3,226,315 |
| TOTAL ASSETS | 147,430,787 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 88,004 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -508,510 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,103,063 |
| Regular shares | 62,900,622 |
| All Other Shares & Deposits | 40,150,962 |
| TOTAL SHARES & DEPOSITS | 136,154,647 |
| TOTAL LIABILITIES | 135,734,141 |
| Regular Reserve | 2,999,952 |
| Other Reserves | 61,922 |
| Undivided Earnings | 8,634,772 |
| TOTAL EQUITY | 11,696,646 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 147,430,787 |
| INCOME & EXPENSE | |
| Loan Income | 1,094,041 |
| Investment Income | 76,500 |
| Other Income | 368,310 |
| Total Employee Compensation & Benefits | 621,357 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 719,252 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,272 |
| Cost of Funds | 98,060 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 502,411 |
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