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National Credit Union Service Organization

STAR USA FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for STAR USA FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 911

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,398,024
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 5,148,400
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 28,456,910
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 1,043,677
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 118,007,879
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 369,743
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,291,964
 20. Land and Building 6,025,414
 21. Other Fixed Assets 340,890
 22. NCUA Share Insurance Capitalization Deposit 1,453,844
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 172,989,509
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 14,604,019
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 14,604,019
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 969,821
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 22,195,097
 12. Regular Shares 55,365,203
 13. Money Market Shares 16,233,923
 14. Share Certificates 22,732,049
 15. IRA/KEOGH Accounts 7,782,105
 16. All Other Shares 529,792
 17. TOTAL SHARES 124,838,168
 18. Nonmember Deposits 18,861,000
 19. TOTAL SHARES AND DEPOSITS 143,699,168
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 9,253,303
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 2,416,320
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 7,433,691
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 43,326
EQUITY:  
 33. Undivided Earnings 15,658,360
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -1,941,859
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 172,989,509
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 6,330,506
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 598,359
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 6,928,865
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,615,836
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 469,896
 9. TOTAL INTEREST EXPENSE 2,085,732
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 420,051
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 695,677
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 18,247
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 610,318
 21. TOTAL NON-INTEREST INCOME 2,183,154
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,248,753
 23. Travel and Conference Expense 31,336
 24. Office Occupancy Expense 340,461
 25. Office Operations Expense 1,908,677
 26. Educational and Promotional Expenses 59,944
 27. Loan Servicing Expense 893,611
 28. Professional and Outside Services 119,989
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 26,787
 31. Miscellaneous Operating Expenses 68,735
 32. TOTAL NON-INTEREST EXPENSE 6,698,293
33. NET INCOME (LOSS) -92,057
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans0.000$0
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans13.23316$711,561
 5. New Vehicle Loans7.05952$15,684,972
 6. Used Vehicle Loans7.251,931$28,373,886
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.091,092$17,561,728
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property8.50695$38,090,544
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.62367$9,099,635
 11. All Other Real Estate Loans/Lines of Credit5.6527$690,990
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured8.2532$7,483,703
 13. Commercial Loans/Lines of Credit Not Real Estate Secured8.0013$310,860
 14. TOTAL LOANS & LEASES5,425$118,007,879
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,327$35,856,672
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff29$910,719
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0