Dec, 31, 2021 — TRANSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $30.92 million in total assets. Opened 71 years ago in 1951, TRANSTAR FEDERAL CREDIT UNION has about 3,329 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12930 Northwest Fwy HOUSTON, TX 77040-6304 |
| Phone: | (832) 201-0190 |
| Fax: | (832) 201-0188 |
| Website: | http://www.transtarfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,329 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7482 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,923,821 |
| CEO/Manager: | James S Tuggle |
| Chairperson: | Raymond w Lastovica |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,462,508 |
| TOTAL INVESTMENTS | 851,588 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,930,222 |
| Unsecured Loans | 1,796,224 |
| Other Loans | 13,600,493 |
| TOTAL LOANS | 21,326,939 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,467 |
| Land And Building | 837,015 |
| Other Fixed Assets | 75,351 |
| NCUSIF Deposit | 289,958 |
| All Other Assets | 165,929 |
| TOTAL ASSETS | 30,923,821 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,698 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,720,199 |
| Regular shares | 14,167,052 |
| All Other Shares & Deposits | 7,883,691 |
| TOTAL SHARES & DEPOSITS | 28,770,942 |
| TOTAL LIABILITIES | 28,811,640 |
| Regular Reserve | 577,585 |
| Other Reserves | 3,235 |
| Undivided Earnings | 1,531,361 |
| TOTAL EQUITY | 2,112,181 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,923,821 |
| INCOME & EXPENSE | |
| Loan Income | 1,060,657 |
| Investment Income | 28,042 |
| Other Income | 263,908 |
| Total Employee Compensation & Benefits | 523,430 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 765,698 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,060 |
| Cost of Funds | 118,384 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,740 |
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