Star Choice Credit Union

425 Portland Ave
Minneapolis, MN 554880888
952-698-SCCU (7228)
www.starchoicecu.org

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Star Choice Credit Union is headquartered in Bloomington and is the 56^th largest credit union in the state of Minnesota. It is also the 2,419^st largest credit union in the nation. It was established in 1931 and as of December of 2011, it had grown to 12 employees and 5,130 members. Star Choice Credit Union has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Star Choice Credit Union Checking Account Rates

Apy	Min	Max	Product
0.15%	$2,500	-	Choice Preferred Checking
0.10%	$500	-	Choice Plus Checking

Star Choice Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$25	-	Prime Share Savings
0.10%	$25	-	You-Name-It! Savings
0.10%	$25	-	Health Savings Checking Account
0.10%	$25	-	Health Savings Account

Star Choice Credit Union Money Market Rates

Apy	Min	Max	Product
0.20%	$50k	$75k	Money Market
0.20%	$50k	$250k	High Yield Money Market

Star Choice Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	-	60 Month CD
0.95%	$500	-	36 Month CD
0.75%	$500	-	24 Month CD
0.75%	$500	-	12 Month Build CD
0.50%	$500	-	12 Month CD
0.30%	$500	-	6 Month CD

Star Choice Credit Union IRA Rates

	Apy	Min	Max	Product
	0.10%	-	-	IRA Account

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

STAR CHOICE
NCUA #	64706
BankRate Report	View
Year Chartered	1931
Employees	12
Primary Regulator
Assets and Liabilities
Assets	$43.79 million
Loans	$36.18 million
Deposits	$40.14 million
Equity Capital	$3.34 million
Loan Loss Allowance	$537,000
Unbacked Noncurrent Loans	$436,000
Real Estate Owned	$49,000
Historic Data - December 2010
Assets	$45.77 million
Equity Capital	$4.13 million
Loan Loss Allowance	$534,000
Unbacked Noncurrent Loans	$1.43 million
Real Estate Owned	$170,000
Profit Margin - Quarterly
Net Interest Margin	4.75%
Return on Assets	-1.8%
Return on Equity	-23.62%
Interest Income	$1.94 million
Non-Interest Income	$521,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2011 Star Choice Credit Union had $485,000 in non-current loans and owned real-estate with $3.88 million in equity and loan loss allowances on hand to cover it. This gives Star Choice Credit Union a Texas Ratio of 12.51% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Star Choice Credit Union decreased significantly from 34.23% as of December 31, 2010 to 12.51% as of December 31, 2011, resulting in a positive change of 63.47%.This indicates that the balance sheet and financial strength for Star Choice Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Star Choice Credit Union has decreased its total deposits by $-652,000, resulting in -1.6% 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 Star Choice Credit Union has shown is below average.
Capitalization
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. Star Choice Credit Union has $43.79 million in assets with $3.88 million in equity, resulting in a capitalization level of 8.86%, which is average.