Star One Financial Statements

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With assets over $9.2 billion, Star One is ranked 19th in total assets among over 4,900 credit unions nationally.

Statement of Financial Condition

As of November 30, 2025

Assets

Loans, Receivables, Cash
Lines of Credit9,912,237
Visa Credit Cards55,639,535
Share Secured2,472,493
Student Loans56,460,984
Other Consumer96,123,523
Mobile Homes401,302
New/Used Auto365,626,523
Real Estate 1st4,960,199,156
Real Estate 2nd575,165,648
Investment Properties278,945,488
Participation Loans318,612
Collateral in Process of Liquidation193,977
Total Loans6,401,459,477
Fair Value Hedge(40,484,700)
Allowance for Loan Losses(14,205,743)
Net Loans Outstanding6,346,769,035
Receivables3,265,696
Cash378,856,123
Total Loans, Receivables, and Cash6,728,890,854
Investments
US Government Guaranteed60,455,342
Federal Agency Securities310,313,484
CMO102,932,347
MBS1,378,419,190
SBA15,843,341
Money Market Mutual Funds0
HTM (Held to Maturity) Investments0
Deposits in Corporate FCUs227,266,945
Other Investments21,987,204
Total Investments2,117,217,854
Unrealized Gain/(Loss) A.F.S. Investment(94,583,390)
Net Investments2,022,634,465
Investment in NCUSIF Capital Fund59,016,894
Total Investments2,081,651,359
Other Assets
Prepaids4,448,097
Land4,163,384
Building (Net of Depreciation)7,003,073
FF&E (Net of Depreciation)1,512,847
Accrued Interest on Loans18,600,798
Accrued Income on Investments6,086,445
Other Accrued Income68,754
Assets Acquired in Liquidation of Loans920,000
Supplemental Retirement239,566,240
Employee Benefits Pre-Funding110,515,279
Derivative Assets29,631,332
Other Assets4,772,262
Total Other Assets427,288,511

Total Assets
9,237,830,724

Liabilities, Savings, and Equity

Liabilities
Accounts Payables10,620,529
Borrowed Funds16,000,000
Loan Servicing Custodial6,149
Accrued Expenses54,462,116
Derivative Liability8,244,558
Other Liabilities10,719,509
Total Liabilities100,052,861
Deposits
Money Market Savings6,487,482,411
Checking613,024,307
I.R.A.s344,703,422
Certificates441,339,887
Total Deposits7,886,550,026
Equity
Regular Reserves56,850,821
Undivided Earnings1,293,137,063
Total Equity1,349,987,884
Unrealized Gain/(Loss) A.F.S. Investment(94,583,390)
OCI Derivative Market Gain/(Loss)(219,987)
Accumulated Other Comp. Income(3,956,670)
Net Equity1,251,227,837

Total Liabilities, Deposits & Equity
9,237,830,724

Statement of Income

For the Period Ended November 30, 2025

Interest Income
Interest on Loans22,039,350
Interest on Hedging1,639,093
Interest on Loan Participations1,925
Total Interest on Loans23,680,368
Income from Investments4,681,373
Total Interest Income28,361,741
Interest Expense
Interest on Borrowed Money41,788
Interest on Cancelable Swaps0
Dividend Expense20,933,126
Total Interest Expense20,974,915
Net Interest Income7,386,826
Provision for Loan Loss556,434
Net Interest Income After Provision for Loan Losses6,830,392
Operating Expenses
Salaries2,826,741
Employee Benefits1,151,311
Travel & Conference68,166
Association Dues43,978
Office Occupancy282,579
Office Operations981,165
Education & Promotion484,093
Loan Servicing864,028
Professional Outside Services721,258
Operating Fee53,371
Cash (Over)/Short(3,791)
Annual Meeting800
Misc Operating Expense326,449
Total Operating Expense7,800,147
Market Value Adjustments
(Gain)/Loss Benefits Prefunding(1,044,441)
(Gain)/Loss Supplemental Retirement(2,904,206)
Total Market Value Adjustments(3,948,646)
Net Operating Expense3,851,501
Other Operating Income
Fees & Charges247,001
Gain (Loss) on Sale of R/E Loans0
Miscellaneous Operating Income844,648
Service Income on Loans1,590
Total Other Operating Income1,093,240
Non-Operating Income
Gain/(Loss) on Investments0
Gain/(Loss) on Disposition of Assets0
Other Non-Operating Income/(Expense)
(4,863)
Total Non-Operating Income(4,863)
Net Income Before Required Reserve4,067,268
Provision for Loan Losses Adjustment556,434
Available for Reserve4,623,702
Net Income before Required Reserve with Market Adj118,662
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