Dec, 31, 2023 — SOUTHERN STAR CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $18.78 million in total assets. Opened 71 years ago in 1953, SOUTHERN STAR CREDIT UNION has about 2,947 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHERN STAR CREDIT UNION |
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Address: (Main Office) | 16035 W Little York Rd HOUSTON, TX 77084 |
Phone: | (713) 934-1460 |
Fax: | (713) 934-1470 |
Website: | https://www.southernstarcu.org |
Branches: | 1 branch locations |
Members: | 2,947 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67660 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,783,656 |
CEO/Manager: | Debra Callihan |
Chairperson: | William Conrad |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,029,167 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,046,178 |
Unsecured Loans | 2,132,212 |
Other Loans | 7,047,489 |
TOTAL LOANS | 11,225,879 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,019 |
Land And Building | 2,035,292 |
Other Fixed Assets | 31,262 |
NCUSIF Deposit | 169,010 |
All Other Assets | 97,491 |
TOTAL ASSETS | 18,783,656 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 21,313 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 145,745 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,086,456 |
Regular shares | 8,910,190 |
All Other Shares & Deposits | 5,080,530 |
TOTAL SHARES & DEPOSITS | 16,077,175 |
TOTAL LIABILITIES | 16,244,233 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,539,423 |
TOTAL EQUITY | 2,539,423 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,783,656 |
INCOME & EXPENSE | |
Loan Income | 653,069 |
Investment Income | 156,109 |
Other Income | 62,877 |
Total Employee Compensation & Benefits | 305,047 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 599,496 |
Non-operating Income & (Expense) | 22,857 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,085 |
Cost of Funds | 110,951 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -61,248 |
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