Star One Credit Union Financial Statements

Nationally ranked. Financially strong.

With more than $9.4 billion in assets, Star One stands 33rd among 4,400+ credit unions nationwide.

as of February 28, 2026

**Loans, Receivables, Cash**
Lines of Credit	9,832,097
Visa Credit Cards	55,651,845
Share Secured	2,303,255
Student Loans	59,241,090
Solar Loans	81,143,903
Other Consumer	16,367,552
Mobile Homes	377,131
New/Used Auto	361,795,621
Real Estate 1st	5,103,360,257
Real Estate 2nd	590,894,866
Investment Properties	276,506,264
Participation Loans	316,583
Collateral in Process of Liquidation	59,444
Total Loans	6,557,849,908
Fair Value Hedge	(34,126,466)
Allowance for Loan Losses	(13,486,698)
Net Loans Outstanding	6,510,236,744
Receivables	3,298,620
Cash	306,931,823
Total Loans, Receivables, and Cash	6,820,467,187

**Investments**
US Government Guaranteed	170,638,648
Federal Agency Securities	390,454,238
CMO	111,720,825
MBS	1,289,874,411
SBA	15,186,265
Money Market Mutual Funds	0
HTM (Held to Maturity) Investments	0
Deposits in Corporate FCUs	249,151,488
Other Investments	21,987,204
Total Investments	2,249,013,081
Unrealized Gain/(Loss) A.F.S. Investment	(80,861,633)
Net Investments	2,168,151,448
Investment in NCUSIF Capital Fund	59,016,894
Total Investments	2,227,168,342

**Other Assets**
Prepaids	4,641,373
Land	4,163,384
Building (Net of Depreciation)	6,897,247
FF&E (Net of Depreciation)	1,517,034
Accrued Interest on Loans	16,953,885
Accrued Income on Investments	8,855,429
Other Accrued Income	45,900
Assets Acquired in Liquidation of Loans	920,000
Supplemental Retirement	246,091,038
Employee Benefits Pre-Funding	112,551,157
Derivative Assets	30,941,686
Other Assets	4,530,561
Total Other Assets	438,108,694

**Equity**
Regular Reserves	56,850,821
Undivided Earnings	1,304,469,863
Total Equity	1,361,320,684
Unrealized Gain/(Loss) A.F.S. Investment	(80,861,633)
OCI Derivative Market Gain/(Loss)	(254,518)
Accumulated Other Comp. Income	(4,546,343)
Net Equity	1,275,658,190

For the Period Ended February 28, 2026

**Interest Income**
Interest on Loans	21,637,853
Interest on Hedging	1,332,899
Interest on Loan Participations	1,913
Total Interest on Loans	22,972,665
Income from Investments	5,495,718
Total Interest Income	28,468,383

**Interest Expense**
Interest on Borrowed Money	37,569
Interest on Cancelable Swaps	0
Dividend Expense	20,132,883
Total Interest Expense	20,170,452
Net Interest Income	8,297,931
Provision for Loan Loss	(206,361)
Net Interest Income After Provision for Loan Losses	8,504,292

**Operating Expenses**
Salaries	3,776,047
Employee Benefits	1,279,131
Travel & Conference	33,225
Association Dues	36,951
Office Occupancy	239,722
Office Operations	1,026,083
Education & Promotion	495,284
Loan Servicing	827,346
Professional Outside Services	831,824
Operating Fee	53,371
Cash (Over)/Short	(935)
Annual Meeting	800
Misc Operating Expense	579,573
Total Operating Expense	9,178,422

**Market Value Adjustments**
(Gain)/Loss Benefits Prefunding	(495,719)
(Gain)/Loss Supplemental Retirement	(2,325,011)
Total Market Value Adjustments	(2,820,729)
Net Operating Expense	6,357,692

**Other Operating Income**
Fees & Charges	268,699
Gain (Loss) on Sale of R/E Loans	9,482
Miscellaneous Operating Income	815,221
Service Income on Loans	1,858
Total Other Operating Income	1,095,260

**Non-Operating Income**
Gain/(Loss) on Investments	0
Gain/(Loss) on Disposition of Assets	0
Other Non-Operating Income/(Expense)	(5,000)
Total Non-Operating Income	(5,000)
Net Income Before Required Reserve	3,236,859
Provision for Loan Losses Adjustment	(206,361)
Available for Reserve	3,030,498
Net Income before Required Reserve with Market Adj	(416,130)