Star Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741389629 ✦ Corpus christi, TX ✦ Designated as a 501(c)(14)

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Overview

What is Star Financial Credit Union?

Star Financial Credit Union is a cooperative financial institution situated in Corpus Christi, Texas. With over 4600 member-owned accounts, it serves its community effectively. Star Financial Credit Union's primary mission is to provide various financial services, including credit union share accounts. These accounts offer numerous advantages, such as monthly dividends for members of all ages, accessibility through digital platforms, and specialized savings accounts tailored for children and teenagers. The credit union aims to foster consistent savings habits, contributing to the financial well-being of its members. With a dedicated workforce of 26 individuals, Star Financial Credit Union continues to operate as a cooperative provider of financial services, catering to the needs of its members.


Official website here: www.starcu.org

Is Star Financial Credit Union legitimate?

Star Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Star Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $110,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $957,849

For more financial information, click here


Official website here: www.starcu.org

What is the mission statement of Star Financial Credit Union?

Star Financial Credit Union serves as a cooperative provider of financial services, catering to its member-owned accounts. One of its primary offerings is share accounts, which provide benefits to individuals of all ages. These savings accounts pay dividends monthly and offer convenient access through digital platforms like the internet, telephone, and ATMs worldwide. The credit union also encourages savings habits in children and teenagers with special savings accounts designed specifically for them.


Official website here: www.starcu.org

Who is the CEO of Star Financial Credit Union?

Judy Martinez is the President/Ceo of Star Financial Credit Union. The CEO's salary of Star Financial Credit Union is $110,587 and their total compensation is $119,153.


Official website here: www.starcu.org

What is the revenue of Star Financial Credit Union?

Star Financial Credit Union's revenue in 2022 was $2,951,819.


Official website here: www.starcu.org

Who are the executives of Star Financial Credit Union and what are their salaries?

The average compensation at Star Financial Credit Union during 2022 was $41,094. There are 26 employees and 5 volunteers at Star Financial Credit Union.


Here are 6 key members and their salaries (Star Financial Credit Union's CEO's salary is $110,587 and their total compensation is $119,153):


Lester Warby (President/Ceo)
  • Compensation: $110,587
  • Related: $0
  • Other: $8,566
Hector Saenz (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Wilson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrick Escobedo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gil Gomez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Henicke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.starcu.org

Where can I find the form 990 for Star Financial Credit Union?

Star Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.starcu.org

Learn more at the official website: www.starcu.org

Mission Statement of Star Financial Credit Union

Star Financial Credit Union, as a cooperative thrift institution, is dedicated to providing a range of financial services to its members. Its mission is to act as a cooperative provider, offering credit union financial solutions. Star Financial Credit Union serves its members by offering share accounts, which come with various advantages. These accounts are member-owned and pay dividends monthly, providing regular returns on savings. Furthermore, members have access to their accounts through various means, such as the internet, telephone, and ATMs worldwide. The credit union also offers special savings accounts designed specifically for children and teenagers, aiming to foster consistent savings habits in younger generations.

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Impact




October, 2024

Star Financial Credit Union plays a vital role in fostering financial stability and growth within the Corpus Christi community. As a cooperative thrift institution, it provides a range of financial services, including accessible share accounts that benefit members of all ages. With over 4,600 member-owned accounts as of December 31, 2020, the credit union promotes saving and financial literacy, particularly through its special accounts designed for children and teenagers, encouraging young members to develop sound saving habits.

By offering monthly dividends on member savings accounts and convenient access through home banking, telephone, and ATMs worldwide, Star Financial enhances the financial experiences of its members. This commitment to supporting its members not only aids individual financial health but also bolsters the local economy, as members are empowered to save, invest, and plan for their futures. Overall, Star Financial Credit Union significantly contributes to the financial well-being of its members and the broader community in Corpus Christi.




This information is meant to be a general summary of Star Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,951,819 (2022)
Expenses
$3,133,368 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $329,900
  • Program Service Revenue: $2,621,919
  • Gross Receipts: $2,951,819

Assets and Liabilities:

  • Total Assets: $53,787,740
  • Total Liabilities: $48,321,477
  • Net Assets: $5,466,263

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$1,705,783

Member Fees

Revenue

$648,286

Courtesy Pay (Overdraft) Fees

Revenue

$195,642

Insurance Reimbursement

Revenue

$48,701

Non Member ATM Fees

Revenue

$23,507

Organization Details

Founding Year

1959

Principal Officer

Judy Martinez

Main Address

10429 Leopard St, Corpus Christi, TX, 78410

NTEE Category

Code: W60 - Public benefit

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