Star One Credit Union Financial Statements

Nationally ranked. Financially strong.

With more than $9.6 billion in assets, Star One stands 33rd among 4,400+ credit unions nationwide.

as of May 31, 2026

**Loans, Receivables, Cash**
Lines of Credit	9,784,131
Visa Credit Cards	56,132,298
Share Secured	2,416,069
Student Loans	60,978,466
Solar Loans	77,709,968
Other Consumer	15,234,540
Mobile Homes	350,435
New/Used Auto	363,939,346
Real Estate 1st	5,279,456,853
Real Estate 2nd	603,287,410
Investment Properties	273,609,298
Participation Loans	314,448
Collateral in Process of Liquidation	62,070
Total Loans	6,743,275,332
Fair Value Hedge	(51,834,228)
Allowance for Loan Losses	(15,362,688)
Net Loans Outstanding	6,676,078,416
Receivables	2,639,228
Cash	238,698,541
Total Loans, Receivables, and Cash	6,917,416,185

**Investments**
US Government Guaranteed	210,096,583
Federal Agency Securities	507,288,934
CMO	119,792,935
MBS	1,200,343,010
SBA	13,370,077
Money Market Mutual Funds	0
HTM (Held to Maturity) Investments	0
Deposits in Corporate FCUs	251,066,703
Other Investments	21,987,204
Total Investments	2,323,945,446
Unrealized Gain/(Loss) A.F.S. Investment	(96,218,390)
Net Investments	2,227,727,056
Investment in NCUSIF Capital Fund	61,728,390
Total Investments	2,289,455,446

**Other Assets**
Prepaids	4,596,369
Land	4,163,384
Building (Net of Depreciation)	6,938,394
FF&E (Net of Depreciation)	3,064,238
Accrued Interest on Loans	19,427,729
Accrued Income on Investments	9,404,325
Other Accrued Income	400,506
Assets Acquired in Liquidation of Loans	920,000
Supplemental Retirement	238,032,983
Employee Benefits Pre-Funding	112,952,387
Derivative Assets	24,009,742
Other Assets	25,415,728
Total Other Assets	449,325,785

**Equity**
Regular Reserves	56,850,821
Undivided Earnings	1,306,959,085
Total Equity	1,363,809,906
Unrealized Gain/(Loss) A.F.S. Investment	(96,218,390)
OCI Derivative Market Gain/(Loss)	(267,785)
Accumulated Other Comp. Income	(4,546,343)
Net Equity	1,262,777,387

for the period ended May 31, 2026

**Interest Income**
Interest on Loans	24,952,779
Interest on Hedging	1,299,716
Interest on Loan Participations	1,900
Total Interest on Loans	26,254,395
Income from Investments	5,138,103
Total Interest Income	31,392,497

**Interest Expense**
Interest on Borrowed Money	21,700
Interest on Cancelable Swaps	0
Dividend Expense	22,825,003
Total Interest Expense	22,846,703
Net Interest Income	8,545,795
Provision for Loan Loss	1,162,858
Net Interest Income After Provision for Loan Losses	7,382,937

**Operating Expenses**
Salaries	3,066,548
Employee Benefits	1,161,757
Travel & Conference	50,330
Association Dues	40,911
Office Occupancy	284,232
Office Operations	881,904
Education & Promotion	124,797
Loan Servicing	858,818
Professional Outside Services	533,276
Operating Fee	53,371
Cash (Over)/Short	(14)
Annual Meeting	800
Misc Operating Expense	389,565
Total Operating Expense	7,446,295

**Market Value Adjustments**
(Gain)/Loss Benefits Prefunding	47,244
(Gain)/Loss Charitable Donation Account	-
(Gain)/Loss Supplemental Retirement	1,700,569
Total Market Value Adjustments	1,747,813
Net Operating Expense	9,194,108

**Other Operating Income**
Fees & Charges	148,293
Gain (Loss) on Sale of R/E Loans	0
Miscellaneous Operating Income	1,291,388
Service Income on Loans	2,009
Total Other Operating Income	1,441,690

**Non-Operating Income**
Gain/(Loss) on Investments	0
Gain/(Loss) on Disposition of Assets	(26,590)
Other Non-Operating Income/(Expense)	9,990
Total Non-Operating Income	(16,600)
Net Income Before Required Reserve	(386,081)
Provision for Loan Losses Adjustment	1,162,858
Available for Reserve	776,777
Net Income before Required Reserve with Market Adj	1,361,732