Star Usa Credit Union is headquartered in Charleston and is the 5th largest credit union in the state of West Virginia. It is also the 1,064th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 48 employees and 15,835 members. Star Usa Credit Union has a B health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Kanawha, Raleigh, Fayette, Nicholas, Putnam, Cabell or Wayne County in West Virginia or Lawrence County, Ohio. - See Details
Data for Q4 2013
Institution Health
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, 2013 Star Usa Credit Union had $1.04 million in non-current loans and owned real-estate with $13.83 million in equity and loan loss allowances on hand to cover it. This gives Star Usa Credit Union a Texas Ratio of 7.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Star Usa Credit Union experienced no significant changes from 6.76% as of December 31, 2012 to 7.49% as of December 31, 2013, resulting in a negative change of 10.88%. This indicates that the balance sheet and financial strength for Star Usa Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Star Usa Credit Union has decreased its total deposits by -$9.3 million, resulting in -6.2% 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 Usa 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 Usa Credit Union has $162.47 million in assets with $13.83 million in equity, resulting in a capitalization level of 8.51%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 911 |
| Year Chartered | 1936 |
| Employees | 48 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $162.47 million |
| Loans | $107.92 million |
| Deposits | $140.61 million |
| Equity Capital | $13.55 million |
| Loan Loss Allowance | $279,000 |
| Unbacked Noncurrent Loans | $586,000 |
| Real Estate Owned | $450,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $164.92 million |
| Equity Capital | $14.00 million |
| Loan Loss Allowance | $221,000 |
| Unbacked Noncurrent Loans | $586,000 |
| Real Estate Owned | $361,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.03% |
| Return on Assets | 0.14% |
| Return on Equity | 1.7% |
| Interest Income | $5.47 million |
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Star Usa Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Coverdell ESA | |
| 0.20% | - | - | IRA Share | |
| 0.20% | - | - | Roth IRA Share | |
| 0.20% | $50k | - | Share Plus Balance | |
| 0.20% | - | - | Health Savings Accounts | |
| 0.10% | - | - | Super Shares | |
| 0.10% | - | - | Holiday Club | |
| 0.10% | - | - | Vacation Club | |
| 0.05% | - | - | Regular Shares |
Star Usa Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $50k | - | Club Level Money Market |
Star Usa Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | - | - | Business Draft |
Star Usa Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.16% | - | - | 5 Year CD | |
| 0.85% | - | - | 3 Year CD | |
| 0.75% | - | - | 2 Year CD | |
| 0.35% | - | - | 1 Year CD | |
| 0.27% | - | - | 6 Month CD | |
| 0.15% | - | - | 3 Month CD |
Star Usa Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.27% | - | - | 5 Year IRA (Traditional,Roth,CESA) | |
| 0.99% | - | - | 3 Year IRA (Traditional,Roth,CESA) | |
| 0.80% | - | - | 2 Year IRA (Traditional,Roth,CESA) | |
| 0.45% | - | - | 1 Year IRA (Traditional,Roth,CESA) |
| Star Usa Credit Union Locations | ||
|---|---|---|
| Branch Office | 885 Broad St | Summersville, WV 26651 |
| Branch Office | 1 Cantley Dr | Charleston, WV 25314-1089 |
| Branch Office | 3871 Robert C Byrd Dr | Beckley, WV 25801-2964 |
| Branch Office | 3955 Teays Valley Rd | Hurricane, WV 25526-9604 |
| Branch Office | 600 6th Ave | Saint Albans, WV 25177-2964 |