Jun, 30, 2024 — STAR ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SUNNYVALE, CA with 6 branch locations and about $10.40 billion in total assets. Opened 68 years ago in 1956, STAR ONE CREDIT UNION has about 120,503 members and employs 237 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 ONE CREDIT UNION |
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Address: (Main Office) | 1306 Bordeaux Dr SUNNYVALE, CA 94089-1005 |
Phone: | (408) 543-5202 |
Fax: | (408) 543-5203 |
Website: | https://www.starone.org |
Branches: | 6 branch locations |
Members: | 120,503 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68465 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $10,395,012,309 |
CEO/Manager: | Gary Rodrigues |
Chairperson: | Melissa Henck |
ASSETS: | $ Amount |
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Cash & Equivalents | 62,447,969 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,673,346,911 |
Unsecured Loans | 88,838,279 |
Other Loans | 365,505,824 |
TOTAL LOANS | 5,127,691,014 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,996,532 |
Land And Building | 11,199,015 |
Other Fixed Assets | 2,806,146 |
NCUSIF Deposit | 72,469,583 |
All Other Assets | 9,962 |
TOTAL ASSETS | 10,395,012,309 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 159,800,000 |
Accounts Payable & Other Liabilities | 89,690,482 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 638,113,600 |
Regular shares | 7,941,771,573 |
All Other Shares & Deposits | 695,063,603 |
TOTAL SHARES & DEPOSITS | 9,274,948,776 |
TOTAL LIABILITIES | 9,524,439,258 |
Regular Reserve | 0 |
Other Reserves | -390,104,429 |
Undivided Earnings | 1,260,677,480 |
TOTAL EQUITY | 870,573,051 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,395,012,309 |
INCOME & EXPENSE | |
Loan Income | 104,524,220 |
Investment Income | 54,964,358 |
Other Income | 959,875 |
Total Employee Compensation & Benefits | 63,047,289 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 27,041,916 |
Non-operating Income & (Expense) | 2,732,702 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 619,240 |
Cost of Funds | 54,510,418 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 26,659,909 |
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