Star One Financial Statements

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With assets over $8.9 billion, Star One is ranked 19th in total assets among over 4,900 credit unions nationally.

Statement of Financial Condition

As of August 31, 2025

Assets

Loans, Receivables, Cash
Lines of Credit9,361,198
Visa Credit Cards54,704,720
Share Secured2,534,870
Student Loans54,173,608
Other Consumer86,356,963
Mobile Homes460,989
New/Used Auto376,988,144
Real Estate 1st4,876,169,768
Real Estate 2nd561,403,119
Investment Properties283,035,863
Participation Loans320,604
Total Loans6,305,640,901
Fair Value Hedge(44,953,839)
Allowance for Loan Losses(14,215,380)
Net Loans Outstanding6,246,471,683
Receivables3,144,362
Cash356,638,970
Total Loans, Receivables, and Cash6,606,255,015
Investments
US Government Guaranteed9,999,062
Federal Agency Securities265,209,059
CMO109,671,786
MBS1,482,555,612
SBA16,398,389
Money Market Mutual Funds0
HTM (Held to Maturity) Investments0
Deposits in Corporate FCUs81,003,737
Other Investments21,987,204
Total Investments1,986,824,849
Unrealized Gain/(Loss) A.F.S. Investment(111,922,945)
Net Investments1,874,901,904
Investment in NCUSIF Capital Fund58,132,428
Total Investments1,933,034,332
Other Assets
Prepaids4,236,183
Land4,163,384
Building (Net of Depreciation)7,094,965
FF&E (Net of Depreciation)1,616,665
Accrued Interest on Loans17,889,165
Accrued Income on Investments4,857,587
Other Accrued Income66,325
Assets Acquired in Liquidation of Loans0
Supplemental Retirement227,548,458
Employee Benefits Pre-Funding107,415,812
Derivative Assets32,608,199
Other Assets3,643,870
Total Other Assets411,140,612

Total Assets
8,950,429,959

Liabilities, Savings, and Equity

Liabilities
Accounts Payables7,664,520
Borrowed Funds16,000,000
Loan Servicing Custodial9,341
Accrued Expenses51,966,701
Derivative Liability8,093,994
Other Liabilities9,162,609
Total Liabilities92,897,165
Deposits
Money Market Savings6,260,814,353
Checking606,090,723
I.R.A.'s342,113,992
Certificates432,595,586
Total Deposits7,641,614,654
Equity
Regular Reserves56,850,821
Undivided Earnings1,277,074,602
Total Equity1,333,925,422
Unrealized Gain/(Loss) A.F.S. Investment(111,922,945)
OCI Derivative Market Gain/(Loss)(174,666)
Accumulated Other Comp. Income(5,909,672)
Net Equity1,215,918,140

Total Liabilities, Deposits & Equity
8,950,429,959

Statement of Income

For the Period Ended August 31, 2025

Interest Income
Interest on Loans22,416,527
Interest on Hedging2,002,332
Interest on Loan Participations1,834
Total Interest on Loans24,420,693
Income from Investments3,627,066
Total Interest Income28,047,760
Interest Expense
Interest on Borrowed Money78,883
Interest on Cancelable Swaps0
Dividend Expense20,117,440
Total Interest Expense20,196,323
Net Interest Income7,851,437
Provision for Loan Loss798,652
Net Interest Income After Provision for Loan Losses7,052,784
Operating Expenses
Salaries2,910,502
Employee Benefits1,117,171
Travel & Conference67,436
Association Dues40,669
Office Occupancy223,920
Office Operations930,776
Education & Promotion144,171
Loan Servicing740,669
Professional Outside Services913,434
Operating Fee53,371
Cash (Over)/Short(592)
Annual Meeting800
Misc Operating Expense344,264
Total Operating Expense7,486,591
Market Value Adjustments
(Gain)/Loss Benefits Prefunding(1,010,585)
(Gain)/Loss Supplemental Retirement(3,714,136)
Total Market Value Adjustments(4,724,721)
Net Operating Expense2,761,870
Other Operating Income
Fees & Charges154,538
Gain (Loss) on Sale of R/E Loans0
Miscellaneous Operating Income1,694,162
Service Income on Loans1,670
Total Other Operating Income1,850,369
Non-Operating Income
Gain/(Loss) on Investments174,978
Gain/(Loss) on Disposition of Assets0
Total Non-Operating Income174,978
Net Income Before Required Reserve6,316,262
Provision for Loan Losses Adjustment798,652
Available for Reserve7,114,914
Net Income before Required Reserve with Market Adj1,591,541
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