STAR FINANCIAL CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

MARIA FLORES

Phone

3612427827

Tax Period

2024-01-01 to 2024-12-31

STAR FINANCIAL CREDIT UNION, founded in 1959, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 7% surplus.

Mission

COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES.

Program Service Accomplishments

Program 1

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.

Program 2

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...

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.

Program 3

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,785,515

Investment Income $856,370

Other Revenue $0

TOTAL REVENUE $3,641,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,043,322

Fundraising Expenses $0

Other Expenses $2,357,928

TOTAL EXPENSES $3,401,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,641,885	$3,241,206	+0.1%
Expenses	$3,401,250	$3,721,107	-0.1%
Net Income	$240,635	$-479,901	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DERRICK ESCOBEDO	CHAIRMAN	Director	$0	$0	$0
GIL GOMEZ	VICE CHAIRMA	Director	$0	$0	$0
ANDREW HENICKE	BOARD MEMBER	Director	$0	$0	$0
HECTOR SAENZ	SECRETARY	Director	$0	$0	$0
RANDY WILSON	TREASURER	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,641,885	$3,401,250	$50,174,127	$240,635
2023	$3,241,206	$3,721,107	$52,070,426	$-479,901
2022	$2,951,819	$3,133,368	$53,787,740	$-181,549
2021	$3,066,264	$2,844,751	$51,245,887	$221,513
2020	$2,652,260	$2,895,561	$50,873,048	$-243,301
2019	$2,212,194	$2,151,677	$46,049,302	$60,517
2018	$2,061,154	$1,986,051	$45,483,589	$75,103