Dec, 31, 2023 — STAR USA FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 6 branch locations and about $172.99 million in total assets. Opened 88 years ago in 1936, STAR USA FEDERAL CREDIT UNION has about 15,244 members and employs 40 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 USA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Cantley Dr CHARLESTON, WV 25314-1089 |
Phone: | (304) 357-2319 |
Fax: | (304) 357-2291 |
Website: | https://www.star.coop |
Branches: | 6 branch locations |
Members: | 15,244 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 911 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $172,989,509 |
CEO/Manager: | Daniel R Smithson, Jr |
Chairperson: | Tom Epps |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,546,424 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 54,673,882 |
Unsecured Loans | 711,561 |
Other Loans | 61,931,446 |
TOTAL LOANS | 118,007,879 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -369,743 |
Land And Building | 6,025,414 |
Other Fixed Assets | 340,890 |
NCUSIF Deposit | 1,453,844 |
All Other Assets | 1,291,964 |
TOTAL ASSETS | 172,989,509 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 14,604,019 |
Accounts Payable & Other Liabilities | 969,821 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,195,097 |
Regular shares | 55,365,203 |
All Other Shares & Deposits | 66,138,869 |
TOTAL SHARES & DEPOSITS | 143,699,168 |
TOTAL LIABILITIES | 159,273,008 |
Regular Reserve | 0 |
Other Reserves | -1,941,859 |
Undivided Earnings | 15,658,360 |
TOTAL EQUITY | 13,716,501 |
TOTAL LIABILITIES, SHARES, & EQUITY | 172,989,509 |
INCOME & EXPENSE | |
Loan Income | 6,330,506 |
Investment Income | 598,359 |
Other Income | 695,677 |
Total Employee Compensation & Benefits | 3,248,753 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,449,540 |
Non-operating Income & (Expense) | 628,565 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 420,051 |
Cost of Funds | 2,085,732 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -92,057 |
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