Southern Star Credit Union

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

EIN: 746055304 ✦ Houston, TX ✦ Designated as a 501(c)(14)

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Overview

What is Southern Star Credit Union?

Southern Star Credit Union is a Houston, Texas-based nonprofit organization that promotes financial responsibility among its members. It serves as a reliable source of credit, offering loans at reasonable interest rates. The credit union's mission is to empower its members by providing them with the means to save and manage their money effectively. This includes various programs such as Member Service Fees, MasterCard Interchange Fees, ATM Fees, Loan Service Fees, and Interest on Loans granted. Southern Star Credit Union is committed to providing its members with the tools necessary to take control of their financial well-being.


Official website here: www.southernstarcu.org

Is Southern Star Credit Union legitimate?

Southern Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southern Star 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: $120,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,854

For more financial information, click here


Official website here: www.southernstarcu.org

What is the mission statement of Southern Star Credit Union?

Southern Star Credit Union's mission is centered around promoting financial responsibility among its members. By doing so, it aims to establish a reliable source of credit at reasonable interest rates. The credit union further offers its members the chance to manage their money independently. It accomplishes this through various programs, such as Member Service Fees, MasterCard Interchange Fees, ATM Fees, Loan Service Fees, and Interest on Loans granted.


Official website here: www.southernstarcu.org

Who is the CEO of Southern Star Credit Union?

Debbie Callihan is the President of Southern Star Credit Union.


Official website here: www.southernstarcu.org

What is the revenue of Southern Star Credit Union?

Southern Star Credit Union's revenue in 2022 was $868,568.


Official website here: www.southernstarcu.org

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

The average compensation at Southern Star Credit Union during 2022 was $39,046. There are 6 employees at Southern Star Credit Union.


Here are 7 key members and their salaries:


William Conrad (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Howard (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Hernandez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Omar Misleh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Armas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Callihan (President)
  • Compensation: $63,636
  • Related: $0
  • Other: $0
Patricia Young (Vice President)
  • Compensation: $56,784
  • Related: $0
  • Other: $0


Official website here: www.southernstarcu.org

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

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


Official website here: www.southernstarcu.org

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

Mission Statement of Southern Star Credit Union

Southern Star Credit Union, as a mission-driven organization, aims to foster thrift among its members. By doing so, it establishes a reliable source of credit, offering its members fair interest rates. This approach gives members the opportunity to manage and utilize their own funds effectively. The credit union provides various programs to facilitate this mission, such as Member Service Fees, MasterCard Interchange Fees, ATM Fees, Loan Service Fees, and Interest on Loans granted. These programs are designed to promote financial responsibility and provide members with the tools to control their finances effectively.

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Impact




October, 2024

Southern Star Credit Union has a significant impact on its community by promoting financial literacy and responsible money management. By encouraging thrift among its members, the credit union creates opportunities for individuals to save and access credit at fair interest rates. This empowers members to take control of their finances and make informed decisions about their money.

Located in Houston, TX, Southern Star Credit Union offers a variety of programs designed to support its mission. Through initiatives like Member Service Fees, Loan Service Fees, and interest on loans granted, the credit union ensures that members can manage their financial needs effectively. These services not only help individuals achieve their financial goals but also contribute to the overall economic health of the community by fostering a culture of saving and smart financial practices.

By providing accessible credit options and encouraging responsible financial habits, Southern Star Credit Union plays a vital role in enhancing the financial stability and well-being of its members. This commitment to community financial empowerment reflects its broader mission to enhance the public benefit in the Houston area.




This information is meant to be a general summary of Southern Star 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
$868,568 (2022)
Expenses
$915,737 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $112,191
  • Program Service Revenue: $711,718
  • Gross Receipts: $868,568

Assets and Liabilities:

  • Total Assets: $20,414,644
  • Total Liabilities: $17,781,989
  • Net Assets: $2,632,655

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Programs

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

Interest on Loans granted.

Revenue

$558,727

Member Service Fees MasterCard Interchange ATM Fees Loan Service Fees

Revenue

$152,991

Organization Details

Founding Year

1953

Principal Officer

Debbie Callihan

Main Address

16035 W LITTLE YORK RD, HOUSTON, TX, 770846506

NTEE Category

Code: W60 - Public benefit

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