Dec, 31, 2023 — STAR FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 2 branch locations and about $52.09 million in total assets. Opened 65 years ago in 1959, STAR FINANCIAL CREDIT UNION has about 3,210 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STAR FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10429 Leopard St CORPUS CHRISTI, TX 78410-1933 |
| Phone: | (361) 242-7827 |
| Fax: | (361) 241-6207 |
| Website: | https://www.starcu.org |
| Branches: | 2 branch locations |
| Members: | 3,210 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68300 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,094,012 |
| CEO/Manager: | Maria Flores |
| Chairperson: | Hector Saenz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,959,083 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 731,834 |
| Unsecured Loans | 3,110,778 |
| Other Loans | 23,458,336 |
| TOTAL LOANS | 27,300,948 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,037 |
| Land And Building | 2,330,330 |
| Other Fixed Assets | 375,250 |
| NCUSIF Deposit | 467,985 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,094,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 539,505 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,704,995 |
| Regular shares | 25,461,928 |
| All Other Shares & Deposits | 11,383,791 |
| TOTAL SHARES & DEPOSITS | 46,550,715 |
| TOTAL LIABILITIES | 47,090,220 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,003,792 |
| TOTAL EQUITY | 5,003,792 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,094,012 |
| INCOME & EXPENSE | |
| Loan Income | 1,940,063 |
| Investment Income | 557,334 |
| Other Income | 416,923 |
| Total Employee Compensation & Benefits | 1,336,040 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,398,355 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 579,805 |
| Cost of Funds | 406,906 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -479,901 |
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