Star One Credit Union Financial Statements

Nationally ranked. Financially strong.

With more than $9.5 billion in assets, Star One stands 33rd among 4,400+ credit unions nationwide.

as of March 31, 2026

**Loans, Receivables, Cash**
Lines of Credit	9,881,045
Visa Credit Cards	57,220,536
Share Secured	2,448,930
Student Loans	62,022,087
Solar Loans	79,893,145
Other Consumer	15,701,978
Mobile Homes	368,684
New/Used Auto	362,455,226
Real Estate 1st	5,162,012,881
Real Estate 2nd	593,105,622
Investment Properties	273,584,134
Participation Loans	315,898
Collateral in Process of Liquidation	15,161
Total Loans	6,619,025,327
Fair Value Hedge	(46,055,839)
Allowance for Loan Losses	(13,921,780)
Net Loans Outstanding	6,559,047,708
Receivables	1,928,526
Cash	312,039,336
Total Loans, Receivables, and Cash	6,873,015,569

**Investments**
US Government Guaranteed	170,604,888
Federal Agency Securities	468,055,801
CMO	109,335,221
MBS	1,263,083,039
SBA	14,582,505
Money Market Mutual Funds	0
HTM (Held to Maturity) Investments	0
Deposits in Corporate FCUs	250,916,840
Other Investments	21,987,204
Total Investments	2,298,565,497
Unrealized Gain/(Loss) A.F.S. Investment	(95,501,053)
Net Investments	2,203,064,445
Investment in NCUSIF Capital Fund	59,016,894
Total Investments	2,262,081,339

**Other Assets**
Prepaids	4,988,986
Land	4,163,384
Building (Net of Depreciation)	6,990,402
FF&E (Net of Depreciation)	2,951,047
Accrued Interest on Loans	18,285,822
Accrued Income on Investments	8,885,979
Other Accrued Income	17,663
Assets Acquired in Liquidation of Loans	920,000
Supplemental Retirement	247,552,821
Employee Benefits Pre-Funding	113,046,875
Derivative Assets	25,702,278
Other Assets	14,451,430
Total Other Assets	447,956,686

**Equity**
Regular Reserves	56,850,821
Undivided Earnings	1,306,925,941
Total Equity	1,363,776,762
Unrealized Gain/(Loss) A.F.S. Investment	(95,501,053)
OCI Derivative Market Gain/(Loss)	(258,940)
Accumulated Other Comp. Income	(4,546,343)
Net Equity	1,263,470,426

for the period ended March 31, 2026

**Interest Income**
Interest on Loans	25,170,881
Interest on Hedging	1,509,158
Interest on Loan Participations	1,909
Total Interest on Loans	26,681,947
Income from Investments	5,375,669
Total Interest Income	32,057,617

**Interest Expense**
Interest on Borrowed Money	21,700
Interest on Cancelable Swaps	0
Dividend Expense	22,556,966
Total Interest Expense	22,578,666
Net Interest Income	9,478,951
Provision for Loan Loss	583,545
Net Interest Income After Provision for Loan Losses	8,895,406

**Operating Expenses**
Salaries	3,245,480
Employee Benefits	1,389,668
Travel & Conference	74,090
Association Dues	38,978
Office Occupancy	237,752
Office Operations	1,111,400
Education & Promotion	483,029
Loan Servicing	962,050
Professional Outside Services	765,271
Operating Fee	53,371
Cash (Over)/Short	(1,404)
Annual Meeting	800
Misc Operating Expense	492,644
Total Operating Expense	8,853,128

**Market Value Adjustments**
(Gain)/Loss Benefits Prefunding	(495,719)
(Gain)/Loss Supplemental Retirement	(790,570)
Total Market Value Adjustments	(1,286,288)
Net Operating Expense	7,566,840

**Other Operating Income**
Fees & Charges	214,511
Gain (Loss) on Sale of R/E Loans	2,830
Miscellaneous Operating Income	918,833
Service Income on Loans	2,045
Total Other Operating Income	1,138,219

**Non-Operating Income**
Gain/(Loss) on Investments	0
Gain/(Loss) on Disposition of Assets	0
Other Non-Operating Income/(Expense)	(10,706)
Total Non-Operating Income	(10,706)
Net Income Before Required Reserve	2,456,078
Provision for Loan Losses Adjustment	583,545
Available for Reserve	3,039,623
Net Income before Required Reserve with Market Adj	1,169,790