Dec, 31, 2023 — LONE STAR CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 4 branch locations and about $175.95 million in total assets. Opened 57 years ago in 1967, LONE STAR CREDIT UNION has about 10,871 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LONE STAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 7508 Ferguson Rd DALLAS, TX 75228 |
| Phone: | (214) 327-9367 |
| Fax: | (214) 217-8149 |
| Website: | https://www.lonestarcu.org |
| Branches: | 4 branch locations |
| Members: | 10,871 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68449 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $175,948,935 |
| CEO/Manager: | Marcy Phillips |
| Chairperson: | Wayne Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,967,378 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,326,328 |
| Unsecured Loans | 9,984,428 |
| Other Loans | 56,249,935 |
| TOTAL LOANS | 115,605,010 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -746,084 |
| Land And Building | 10,088,646 |
| Other Fixed Assets | 1,246,101 |
| NCUSIF Deposit | 1,491,996 |
| All Other Assets | 0 |
| TOTAL ASSETS | 175,948,935 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 542,020 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,203,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,017,014 |
| Regular shares | 66,841,369 |
| All Other Shares & Deposits | 59,834,660 |
| TOTAL SHARES & DEPOSITS | 160,693,043 |
| TOTAL LIABILITIES | 162,438,660 |
| Regular Reserve | 0 |
| Other Reserves | -1,646,839 |
| Undivided Earnings | 15,157,114 |
| TOTAL EQUITY | 13,510,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 175,948,935 |
| INCOME & EXPENSE | |
| Loan Income | 6,130,170 |
| Investment Income | 1,024,114 |
| Other Income | 1,144,011 |
| Total Employee Compensation & Benefits | 3,356,665 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,822,513 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 481,901 |
| Cost of Funds | 1,765,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 380,576 |
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