Jun, 30, 2024 — TRANSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $30.79 million in total assets. Opened 73 years ago in 1951, TRANSTAR FEDERAL CREDIT UNION has about 3,089 members and employs 9 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: | https://www.transtarfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,089 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,794,692 |
| CEO/Manager: | James S Tuggle |
| Chairperson: | Raymond w Lastovica |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,365,738 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,075,973 |
| Unsecured Loans | 1,846,684 |
| Other Loans | 14,136,758 |
| TOTAL LOANS | 22,059,415 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,374 |
| Land And Building | 815,765 |
| Other Fixed Assets | 94,989 |
| NCUSIF Deposit | 287,257 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,794,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,938 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,899,955 |
| Regular shares | 14,836,373 |
| All Other Shares & Deposits | 7,597,500 |
| TOTAL SHARES & DEPOSITS | 28,333,828 |
| TOTAL LIABILITIES | 28,493,766 |
| Regular Reserve | 0 |
| Other Reserves | -37,114 |
| Undivided Earnings | 2,338,040 |
| TOTAL EQUITY | 2,300,926 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,794,692 |
| INCOME & EXPENSE | |
| Loan Income | 762,066 |
| Investment Income | 60,939 |
| Other Income | 212,131 |
| Total Employee Compensation & Benefits | 382,017 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 552,049 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136 |
| Cost of Funds | 67,520 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 229,094 |
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