Dec, 31, 2023 — TRANSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $27.92 million in total assets. Opened 73 years ago in 1951, TRANSTAR FEDERAL CREDIT UNION has about 2,912 members and employs 10 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: | 2,912 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,920,148 |
| CEO/Manager: | James S Tuggle |
| Chairperson: | Raymond w Lastovica |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -300,360 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,996,061 |
| Unsecured Loans | 1,765,255 |
| Other Loans | 15,639,180 |
| TOTAL LOANS | 24,400,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,712 |
| Land And Building | 780,348 |
| Other Fixed Assets | 274,071 |
| NCUSIF Deposit | 273,143 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,920,148 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -21,228 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,005,545 |
| Regular shares | 12,367,013 |
| All Other Shares & Deposits | 7,244,451 |
| TOTAL SHARES & DEPOSITS | 25,617,009 |
| TOTAL LIABILITIES | 25,595,781 |
| Regular Reserve | 0 |
| Other Reserves | -21,039 |
| Undivided Earnings | 2,345,406 |
| TOTAL EQUITY | 2,324,367 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,920,148 |
| INCOME & EXPENSE | |
| Loan Income | 1,252,818 |
| Investment Income | 73,719 |
| Other Income | 287,781 |
| Total Employee Compensation & Benefits | 593,989 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 800,234 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,854 |
| Cost of Funds | 193,747 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,643 |
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