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NORSTAR FEDERAL CREDIT UNION

Dec, 31, 2023 — NORSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in BRITTON, SD with 1 branch location and about $69.50 million in total assets. Opened 82 years ago in 1942, NORSTAR FEDERAL CREDIT UNION has about 2,820 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.


ABA Routing Number: 291479233
Name:NORSTAR FEDERAL CREDIT UNION
Address:
(Main Office)
515 Vander Horck St
BRITTON, SD 57430
Phone:(605) 448-2292
Fax:(605) 448-2293
Website:https://norstarfcu.com
Branches:1 branch locations
Members:2,820
Credit Union Type:Federal Credit Union
Charter Number:4951
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1942
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$69,503,053
CEO/Manager:Jay Kruse
Chairperson:Kurtis Larson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,384,680
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,568,960
 Unsecured Loans 357,359
 Other Loans 24,070,581
 TOTAL LOANS 39,308,047
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -258,776
 Land And Building 1,181,113
 Other Fixed Assets 38,795
 NCUSIF Deposit 532,379
 All Other Assets 0
  TOTAL ASSETS 69,503,053
LIABILITIES & CAPITAL:  
 Dividends Payable 181,351
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -771,232
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,984,881
 Regular shares 18,194,037
 All Other Shares & Deposits 20,678,045
  TOTAL SHARES & DEPOSITS 60,856,963
  TOTAL LIABILITIES 60,267,082
 Regular Reserve 0
 Other Reserves 368,141
 Undivided Earnings 8,867,830
  TOTAL EQUITY 9,235,971
  TOTAL LIABILITIES, SHARES, & EQUITY 69,503,053
INCOME & EXPENSE  
 Loan Income 1,682,139
 Investment Income 358,920
 Other Income 70,630
 Total Employee Compensation & Benefits 750,015
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 544,930
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,674
 Cost of Funds 486,404
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 552,265
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