Nonprofit · EIN 74-1389629
STAR FINANCIAL CREDIT UNION
Tax-exempt · CORP CHRISTI, TX 78410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,641,885 | $3,401,250 | $240,635 | $50,174,127 | $44,929,700 | $5,244,427 |
| December 31, 2023 | 990 | $3,241,206 | $3,721,107 | -$479,901 | $52,070,426 | $47,066,634 | $5,003,792 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,785,515
- Investment income
- $856,370
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $825,573
- Salaries, compensation and benefits (total)
- $1,043,322
- Professional fundraising fees
- $0
- Legal fees
- $1,511
- Accounting fees
- $12,096
- Occupancy
- $219,005
- Travel
- $4,741
- Depreciation
- $127,576
Balance sheet and other
- Total assets, start of year
- $52,070,426
- Total assets, end of year
- $50,174,127
- Total liabilities, end of year
- $44,929,700
- Net assets, end of year
- $5,244,427
- Land, buildings and equipment
- $2,615,012
- Gross unrelated business income
- $42,465
- Gross receipts
- $3,641,885
- Employees
- 29
- Volunteers
- 5
- Year formed
- 1959
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK ESCOBEDO | CHAIRMAN Trustee or director | 0 | $0 |
| GIL GOMEZ | VICE CHAIRMA Trustee or director | 0 | $0 |
| ANDREW HENICKE | BOARD MEMBER Trustee or director | 0 | $0 |
| HECTOR SAENZ | SECRETARY Trustee or director | 0 | $0 |
| RANDY WILSON | TREASURER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK ESCOBEDO | SECRETARY Trustee or director | – | $0 |
| GIL GOMEZ | BOARD MEMBER Trustee or director | – | $0 |
| ANDREW HENICKE | BOARD MEMBER Trustee or director | – | $0 |
| HECTOR SAENZ | CHAIRMAN Trustee or director | – | $0 |
| RANDY WILSON | TREASURER Trustee or director | – | $0 |
| MARIA FLORES | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 10429 LEOPARD ST, CORP CHRISTI, TX 78410-1933
- Principal officer (990 for 2024)
- MARIA FLORES, 10429 LEOPARD ST, CORPUS CHRISTI, TX 78410
- Signed the 990
- MARIA FLORES, INTERIM CEO
- Phone
- (361) 242-7827
- Website
- WWW.STARCU.ORG
- Return prepared by
- WAVERLY BUSINESS SERVICES
Mission
COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES.
Program accomplishments
- SHARE ACCOUNTS, CREDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD OVER 4600 MEMBER-OWNED ACCOUNTS ON 12/31/2020. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH HOME BANKING VIA THE INTERNET, TELEPHONE AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
- CHECKING ACCOUNTS. WE PROVIDE CHECKING ACCOUNTS FOR MEMBERS WITH NO FEE ON SOME ACCOUNTS AND SOME ACCOUNTS BEING PAID MONTHLY DIVIDENDS. THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS WITH DEBIT CARDS AND INTERNET ACCESS.
- CONSUMER LOANS. THE CREDIT UNION'S LOAN PRODUCT LINE INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR VEHICLE, RV, BOAT, MOTORCYCLE AND SIGNATURE LOANS TO MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1389629
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $50,174,127
- Income (IRS master file)
- $3,641,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,641,885 | $3,401,250 | $50,174,127 | XML |
| 990 | December 2023 | $3,241,206 | $3,721,107 | $52,070,426 | XML |
| 990 | December 2022 | $2,951,819 | $3,133,368 | $53,787,740 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1389629).
Questions about STAR FINANCIAL CREDIT UNION
- What is the EIN of STAR FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of STAR FINANCIAL CREDIT UNION is 74-1389629.
- Is STAR FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1960.
- Are donations to STAR FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STAR FINANCIAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STAR FINANCIAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STAR FINANCIAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STAR FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MARIA FLORES.
- Who are the officers and directors of STAR FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does STAR FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,641,885, expenses of $3,401,250 and total assets of $50,174,127 at year end.
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