Star One Financial Statements

Home About Us Star One Credit Union Financial Statements

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 September 30, 2025

Assets

Loans, Receivables, Cash
Lines of Credit9,670,759
Visa Credit Cards56,323,493
Share Secured2,432,257
Student Loans55,356,419
Other Consumer89,427,476
Mobile Homes448,870
New/Used Auto371,134,624
Real Estate 1st4,876,738,966
Real Estate 2nd567,887,459
Investment Properties281,797,644
Participation Loans319,944
Collateral in Process of Liquidation44,549
Total Loans6,311,573,459
Fair Value Hedge(45,480,159)
Allowance for Loan Losses(13,672,504)
Net Loans Outstanding6,252,420,796
Receivables2,320,944
Cash355,621,716
Total Loans, Receivables, and Cash6,610,363,457
Investments
US Government Guaranteed20,584,298
Federal Agency Securities270,519,873
CMO107,353,778
MBS1,444,736,848
SBA16,270,217
Money Market Mutual Funds0
HTM (Held to Maturity) Investments0
Deposits in Corporate FCUs121,289,154
Other Investments21,987,204
Total Investments2,002,741,371
Unrealized Gain/(Loss) A.F.S. Investment(106,752,987)
Net Investments1,895,988,384
Investment in NCUSIF Capital Fund58,132,428
Total Investments1,954,120,812
Other Assets
Prepaids4,265,091
Land4,163,384
Building (Net of Depreciation)7,059,823
FF&E (Net of Depreciation)1,566,814
Accrued Interest on Loans17,510,879
Accrued Income on Investments5,009,956
Other Accrued Income16,141
Assets Acquired in Liquidation of Loans0
Supplemental Retirement232,190,331
Employee Benefits Pre-Funding108,426,398
Derivative Assets32,186,532
Other Assets3,563,226
Total Other Assets415,958,577

Total Assets
8,980,442,846

Liabilities, Savings, and Equity

Liabilities
Accounts Payables11,999,502
Borrowed Funds16,000,000
Loan Servicing Custodial8,074
Accrued Expenses53,798,919
Derivative Liability8,883,954
Other Liabilities9,068,541
Total Liabilities99,758,990
Deposits
Money Market Savings6,292,622,219
Checking581,426,126
I.R.A.s342,466,647
Certificates436,699,163
Total Deposits7,653,214,156
Equity
Regular Reserves56,850,821
Undivided Earnings1,283,471,312
Total Equity1,340,322,132
Unrealized Gain/(Loss) A.F.S. Investment(106,752,987)
OCI Derivative Market Gain/(Loss)(189,773)
Accumulated Other Comp. Income(5,909,672)
Net Equity1,227,469,700​

Total Liabilities, Deposits & Equity
8,980,442,846

Statement of Income

For the Period Ended September 30, 2025

Interest Income
Interest on Loans21,897,016
Interest on Hedging2,179,908
Interest on Loan Participations1,933
Total Interest on Loans24,078,857
Income from Investments3,977,627
Total Interest Income28,056,485
Interest Expense
Interest on Borrowed Money41,733
Interest on Cancelable Swaps0
Dividend Expense20,376,761
Total Interest Expense20,418,494
Net Interest Income7,637,991
Provision for Loan Loss(97,901)
Net Interest Income After Provision for Loan Losses7,735,892
Operating Expenses
Salaries2,987,295
Employee Benefits1,111,890
Travel & Conference57,755
Association Dues41,441
Office Occupancy228,668
Office Operations888,700
Education & Promotion454,611
Loan Servicing787,848
Professional Outside Services697,159
Operating Fee53,371
Cash (Over)/Short(1,418)
Annual Meeting800
Misc Operating Expense350,629
Total Operating Expense7,658,749
Market Value Adjustments
(Gain)/Loss Benefits Prefunding(1,010,585)
(Gain)/Loss Supplemental Retirement(3,967,423)
Total Market Value Adjustments(4,978,009)
Net Operating Expense2,680,740
Other Operating Income
Fees & Charges500,886
Gain (Loss) on Sale of R/E Loans0
Miscellaneous Operating Income839,819
Service Income on Loans1,372
Total Other Operating Income1,342,078
Non-Operating Income
Gain/(Loss) on Investments0
Gain/(Loss) on Disposition of Assets(519)
Total Non-Operating Income(519)
Net Income Before Required Reserve6,396,710
Provision for Loan Losses Adjustment(97,901)
Available for Reserve6,298,809
Net Income before Required Reserve with Market Adj1,418,702
Learn More About Star One