Dec, 31, 2023 — ASTERA CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 4 branch locations and about $200.07 million in total assets. Opened 75 years ago in 1949, ASTERA CREDIT UNION has about 14,877 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASTERA CREDIT UNION |
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Address: (Main Office) | 111 S Waverly Rd LANSING, MI 48917 |
Phone: | (517) 323-3644 |
Fax: | (517) 323-4414 |
Website: | https://www.asteracu.com |
Branches: | 4 branch locations |
Members: | 14,877 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60920 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $200,066,339 |
CEO/Manager: | Martin R Carter |
Chairperson: | Kevin Goff |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,567,294 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 63,385,678 |
Unsecured Loans | 7,586,310 |
Other Loans | 48,817,746 |
TOTAL LOANS | 119,807,288 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,458,159 |
Land And Building | 6,300,029 |
Other Fixed Assets | 186,263 |
NCUSIF Deposit | 1,722,598 |
All Other Assets | 143,772 |
TOTAL ASSETS | 200,066,339 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 48,273 |
Notes & Interest Payable | 10,012,264 |
Accounts Payable & Other Liabilities | 1,047,773 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 31,608,337 |
Regular shares | 55,783,693 |
All Other Shares & Deposits | 91,058,806 |
TOTAL SHARES & DEPOSITS | 178,450,836 |
TOTAL LIABILITIES | 189,559,146 |
Regular Reserve | 0 |
Other Reserves | -6,988,467 |
Undivided Earnings | 17,495,660 |
TOTAL EQUITY | 10,507,193 |
TOTAL LIABILITIES, SHARES, & EQUITY | 200,066,339 |
INCOME & EXPENSE | |
Loan Income | 6,660,183 |
Investment Income | 1,614,340 |
Other Income | 1,038,394 |
Total Employee Compensation & Benefits | 4,452,739 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,098,822 |
Non-operating Income & (Expense) | 9,608 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 488,824 |
Cost of Funds | 2,550,753 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,569 |
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