Star One Financial Statements

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With assets over $9.1 billion , Star One is ranked 19th in total assets among over 4,900 credit unions nationally.

Statement of Financial Condition

As of October 31, 2025

Assets

Loans, Receivables, Cash
Lines of Credit9,753,309
Visa Credit Cards56,536,036
Share Secured2,328,006
Student Loans56,492,425
Other Consumer92,863,226
Mobile Homes440,558
New/Used Auto367,683,693
Real Estate 1st4,913,665,430
Real Estate 2nd569,824,716
Investment Properties280,638,374
Participation Loans319,280
Collateral in Process of Liquidation76,890
Total Loans6,350,621,943
Fair Value Hedge(43,935,814)
Allowance for Loan Losses(13,813,192)
Net Loans Outstanding6,292,972,937
Receivables2,992,904
Cash418,184,025
Total Loans, Receivables, and Cash6,714,049,867
Investments
US Government Guaranteed20,567,757
Federal Agency Securities295,392,266
CMO105,161,350
MBS1,411,829,351
SBA15,933,647
Money Market Mutual Funds0
HTM (Held to Maturity) Investments0
Deposits in Corporate FCUs176,748,929
Other Investments21,987,204
Total Investments2,047,620,504
Unrealized Gain/(Loss) A.F.S. Investment(102,316,653)
Net Investments1,945,303,851
Investment in NCUSIF Capital Fund59,016,894
Total Investments2,004,320,745
Other Assets
Prepaids4,080,812
Land4,163,384
Building (Net of Depreciation)7,038,349
FF&E (Net of Depreciation)1,574,119
Accrued Interest on Loans17,664,619
Accrued Income on Investments5,579,517
Other Accrued Income16,398
Assets Acquired in Liquidation of Loans920,000
Supplemental Retirement235,990,821
Employee Benefits Pre-Funding109,470,838
Derivative Assets29,942,253
Other Assets4,868,262
Total Other Assets421,309,371

Total Assets
9,139,679,983

Liabilities, Savings, and Equity

Liabilities
Accounts Payables13,455,225
Borrowed Funds16,000,000
Loan Servicing Custodial6,025
Accrued Expenses55,181,265
Derivative Liability6,605,694
Other Liabilities10,786,776
Total Liabilities102,034,985
Deposits
Money Market Savings6,416,389,931
Checking602,313,044
I.R.A.s342,579,390
Certificates438,873,222
Total Deposits7,800,155,587
Equity
Regular Reserves56,850,821
Undivided Earnings1,289,069,795
Total Equity1,345,920,616
Unrealized Gain/(Loss) A.F.S. Investment(102,316,653)
OCI Derivative Market Gain/(Loss)(204,880)
Accumulated Other Comp. Income(5,909,672)
Net Equity1,237,489,411

Total Liabilities, Deposits & Equity
9,139,679,983

Statement of Income

For the Period Ended October 31, 2025

Interest Income
Interest on Loans23,087,321
Interest on Hedging2,017,166
Interest on Loan Participations1,929
Total Interest on Loans25,106,417
Income from Investments4,904,266
Total Interest Income30,010,682
Interest Expense
Interest on Borrowed Money43,124
Interest on Cancelable Swaps0
Dividend Expense21,368,231
Total Interest Expense21,411,356
Net Interest Income8,599,327
Provision for Loan Loss276,143
Net Interest Income After Provision for Loan Losses8,323,183
Operating Expenses
Salaries3,049,004
Employee Benefits1,110,811
Travel & Conference84,634
Association Dues38,559
Office Occupancy252,130
Office Operations915,307
Education & Promotion520,476
Loan Servicing817,072
Professional Outside Services760,085
Operating Fee53,371
Cash (Over)/Short1,430
Annual Meeting800
Misc Operating Expense386,892
Total Operating Expense7,990,570
Market Value Adjustments
(Gain)/Loss Benefits Prefunding(1,044,441)
(Gain)/Loss Supplemental Retirement(2,894,953)
Total Market Value Adjustments(3,939,393)
Net Operating Expense4,051,177
Other Operating Income
Fees & Charges345,189
Gain (Loss) on Sale of R/E Loans0
Miscellaneous Operating Income873,048
Service Income on Loans1,559
Total Other Operating Income1,219,796
Non-Operating Income
Gain/(Loss) on Investments0
Gain/(Loss) on Disposition of Assets106,681
Total Non-Operating Income106,681
Net Income Before Required Reserve5,598,484
Provision for Loan Losses Adjustment276,143
Available for Reserve5,874,627
Net Income before Required Reserve with Market Adj118,622
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