Overview
What is Star One Credit Union?
Star One Credit Union is a cooperative based in Sunnyvale, California, with the mission of encouraging savings among its over 121,000 members. This nonprofit organization offers financial services, creating a source of credit for its members with rates determined by the board, and providing an opportunity for democratic control of their funds. Star One Credit Union operates for the mutual benefit of its members, with earnings and savings being redistributed as patronage. The credit union boasts a workforce of 285 dedicated employees.
Official website here: www.starone.org
What are the reviews and ratings of this charity?
Star One Credit Union is not currently rated by Charity Navigator, which primarily evaluates 501(c)(3) nonprofits. As such, Star One does not meet the criteria for such an evaluation. The absence of a rating from Charity Navigator is not inherently positive or negative, merely reflective of its non-501(c)(3) status and the scope of Charity Navigator's evaluative framework.
Historically, Charity Navigator's ratings focus on Accountability & Finance, but these aspects and others like Impact & Measurement are not available for Star One Credit Union. The credit union's IRS foundation status identifies it distinctly from tax-exempt, tax-deductible organizations, further explaining its exclusion from Charity Navigator evaluations.
No additional user reviews or feedback from GreatNonprofits exist for Star One Credit Union, leaving a gap in user experience insights. Without these reviews, it is challenging to gauge firsthand the public perception or operational effectiveness of the organization from the patron's perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Star One Credit Union legitimate?
Star One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Star One 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: $8,288,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,968,971
For more financial information, click here
Official website here: www.starone.org
What is the mission statement of Star One Credit Union?
Star One Credit Union is a cooperative established to encourage savings among its members and provide them with affordable credit. The credit union operates with the mutual benefit of its members in mind, offering them the opportunity to control their own finances and improve their economic conditions. The earnings, savings, benefits, and services of the credit union are distributed back to the members as patronage. The primary goal is to promote thrift and savings, create a credit source, and enhance the overall financial well-being of its members.
Official website here: www.starone.org
Who is the CEO of Star One Credit Union?
Gary Rodrigues is the Chair of Star One Credit Union. The CEO's salary of Star One Credit Union is $1,712,956 and their total compensation is $5,750,729.
Official website here: www.starone.org
What is the revenue of Star One Credit Union?
Star One Credit Union's revenue in 2022 was $255,066,926.
Official website here: www.starone.org
Who are the executives of Star One Credit Union and what are their salaries?
The average compensation at Star One Credit Union during 2022 was $148,273. There are 285 employees and 14 volunteers at Star One Credit Union.
Here are 24 key members and their salaries (Star One Credit Union's CEO's salary is $1,712,956 and their total compensation is $5,750,729):
- Compensation: $3,289
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,148
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,444
- Related: $0
- Other: $0
- Compensation: $3,429
- Related: $0
- Other: $0
- Compensation: $2,319
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,876
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,062
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,712,956
- Related: $0
- Other: $4,037,773
- Compensation: $2,202,536
- Related: $0
- Other: $502,451
- Compensation: $857,895
- Related: $0
- Other: $793,696
- Compensation: $765,800
- Related: $0
- Other: $518,461
- Compensation: $478,466
- Related: $0
- Other: $914,954
- Compensation: $465,103
- Related: $0
- Other: $772,011
- Compensation: $470,275
- Related: $0
- Other: $175,195
- Compensation: $453,396
- Related: $0
- Other: $62,720
- Compensation: $437,038
- Related: $0
- Other: $52,085
- Compensation: $426,963
- Related: $0
- Other: $197,068
Official website here: www.starone.org
Where can I find the form 990 for Star One Credit Union?
Star One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.starone.org
Learn more at the official website: www.starone.org
Mission Statement of Star One Credit Union
Star One Credit Union, a cooperative organization, is dedicated to fostering thrift and savings among its members. Established with the primary objective of creating a reliable source of credit for its members, the credit union sets its interest rates based on the board of directors' decisions. This financial institution offers its members an opportunity to control their own money on a democratic basis, aiming to enhance their economic and social conditions. As a cooperative, Star One Credit Union operates for the mutual benefit and general welfare of its members, ensuring that the earnings, savings, benefits, or services of the credit union are distributed back to its patrons. In essence, this cooperative is committed to helping its members improve their financial well-being by promoting savings, offering competitive credit, and allowing them to manage their money collectively.
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Impact
October, 2024
Star One Credit Union plays a significant role in promoting financial stability and empowerment within its community in Sunnyvale, California. Serving 121,849 members, the credit union fosters a culture of thrift and savings by offering accessible savings and loan accounts. Through its cooperative model, it not only creates a reliable source of credit but also ensures that the interest rates are set democratically by its board of directors, reflecting the collective interests of its members.
The mission of Star One Credit Union centers on enhancing the economic and social conditions of its members, providing them with the resources to manage their finances effectively. By prioritizing the mutual benefit of its members, Star One distributes earnings and benefits in a way that directly supports the well-being of individuals in the community. This focus on member-centric services helps cultivate a sense of financial security and independence among its members, thereby contributing positively to the broader community.
This information is meant to be a general summary of Star One 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $78,791,920
- Program Service Revenue: $172,150,569
- Gross Receipts: $255,066,957
Assets and Liabilities:
- Total Assets: $10,762,461,158
- Total Liabilities: $9,868,597,206
- Net Assets: $893,863,952
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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
$154,114,559
OTHER OPERATING INCOME
Revenue
$16,771,816
FEE INCOME
Revenue
$1,264,194
Organization Details
Founding Year
1956
Phone
(408) 543-5024Principal Officer
Gary Rodrigues
Main Address
1306 BORDEAUX DRIVE, SUNNYVALE, CA, 94089
Website
www.starone.orgNTEE Category
Code: W60 - Public benefit
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