Central Star Credit Union is headquartered in Wichita and is the 16st largest credit union in the state of Kansas. It is also the 1,841st largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 32 employees and 8,846 members. Central Star Credit Union has a C+ health rating.
Membership is open to anyone who lives, works or does business in Sedgwick, Butler, Harvey, McPherson or Saline County. You can also join if you or a member of your family is a current or retired employee of Hawker Beechcraft Corporation or its subsidiaries and associations. Simply complete a Central Star membership application and deposit $25 to a Membership Savings Account. - See Details
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Central Star Credit Union had $1.05 million in non-current loans and owned real-estate with $7.31 million in equity and loan loss allowances on hand to cover it. This gives Central Star Credit Union a Texas Ratio of 14.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Central Star Credit Union increased slightly from 7.60% as of December 31, 2012 to 14.34% as of December 31, 2013, resulting in a negative change of 88.61%. This indicates that the balance sheet and financial strength for Central Star Credit Union has declined slightly in recent periods.
In the past year, Central Star Credit Union has decreased its total deposits by -$1.72 million, resulting in -2.58% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Central Star Credit Union has shown is below average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Central Star Credit Union has $71.84 million in assets with $7.31 million in equity, resulting in a capitalization level of 10.18%, which is above average.
|Assets and Liabilities|
|Equity Capital||$6.57 million|
|Loan Loss Allowance||$749,000|
|Unbacked Noncurrent Loans||$926,000|
|Real Estate Owned||$123,000|
|Historic Data - December 2012|
|Equity Capital||$7.09 million|
|Loan Loss Allowance||$779,000|
|Unbacked Noncurrent Loans||$926,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||5.66%|
|Return on Assets||-0.57%|
|Return on Equity||-6.21%|
|Interest Income||$3.27 million|
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|0.30%||-||-||Traditional IRA Savings|
|0.30%||-||-||Roth IRA Savings|
|0.30%||-||-||Coverdell Education Savings Account|
|0.15%||$5k||-||Membership Savings Account|
|0.10%||$2k||-||Five Star Checking|
|1.70%||$1k||-||5 Year Share Certificate|
|1.35%||$1k||-||4 Year Share Certificate|
|0.90%||$1k||-||3 Year Share Certificate|
|0.70%||$1k||-||2 Year Share Certificate|
|0.35%||$1k||-||1 Year Share Certificate|
|0.30%||$500||-||Super Start 14 Month Share Certificate|
|0.25%||$1k||-||6 Month Share Certificate|
|1.70%||$1k||-||5 Year IRA Certificate (Traditional,Roth,CESA)|
|1.35%||$1k||-||4 Year IRA Certificate (Traditional,Roth,CESA)|
|0.90%||$1k||-||3 Year IRA Certificate (Traditional,Roth,CESA)|
|0.70%||$1k||-||2 Year IRA Certificate (Traditional,Roth,CESA)|
|0.35%||$1k||-||1 Year IRA Certificate (Traditional,Roth,CESA)|
|0.25%||$1k||-||6 Month IRA Certificate (Traditional,Roth,CESA)|
|Central Star Credit Union Locations|
|Main Office||9555 E Corporate Hills Dr||Wichita, KS 67207-1324|
|Haysville Office||101 N Main St||Haysville, KS 67060-1202|
|Greenwich Branch||11122 E. Central||Wichita, Kansas 67206|