STAR ONE 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

1956

Legal Domicile

Principal Officer

GARY RODRIGUES

Phone

4085435024

Tax Period

2024-01-01 to 2024-12-31

STAR ONE CREDIT UNION, founded in 1956, is a major nonprofit that reported $409.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $376.1M left a modest 8% surplus.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, STAR ONE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

STAR ONE CREDIT UNION PROVIDED SERVICES TO 129,085 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS.

Program 2

STAR ONE CREDIT UNION PROVIDED 8,253 LOANS TOTALING $1,394,090,749 IN 2024.

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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 $286,719,560

Investment Income $72,285,036

Other Revenue $50,803,400

TOTAL REVENUE $409,807,996

Expense Breakdown

Grants Paid $963,100

Salaries & Benefits $55,228,107

Fundraising Expenses $0

Other Expenses $319,956,954

TOTAL EXPENSES $376,148,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,807,996	$320,984,139	+0.3%
Expenses	$376,148,161	$308,798,162	+0.2%
Net Income	$33,659,835	$12,185,977	+1.8%

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

287

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

$2,891,776

Total Directors

$24,874

Key Employees

$7,357,168

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA HENCK	CHAIR	1.00	Director	$6,208	$0	$6,208
JEFF GAUT	1ST VICE CHAIR & TREASURER	1.00	Director	$701	$0	$701
RICHARD AOCHI	2ND VICE CHAIR & ASSISTANT	1.00	Director	$1,868	$0	$1,868
CHRISTINA GOEAS	ASSISTANT TREASURER	1.00	Director	$1,554	$0	$1,554
TRINY LEE	SECRETARY	1.00	Director	$1,319	$0	$1,319
DAVID DAGGETT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BARNHART	DIRECTOR	1.00	Director	$1,034	$0	$1,034
PATRICIA HUMECKE	DIRECTOR	1.00	Director	$2,267	$0	$2,267
CYRUS TABARI	DIRECTOR	1.00	Director	$2,356	$0	$2,356
BRIAN LAWLER	SUPERVISORY COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MADELAINE KOLDA	SUPERVISORY COMMITTEE	1.00	Director	$2,055	$0	$2,055
PONPROM FLYNN	SUPERVISORY COMMITTEE	1.00	Director	$1,433	$0	$1,433
TYLER MARTIN	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
KRISTEN MANK	SUPERVISORY COMMITTEE	1.00	Director	$4,079	$0	$4,079
GARY RODRIGUES	PRESIDENT/CEO	40.00	Officer	$1,968,703	$923,073	$2,891,776
M MUCKER	EXECUTIVE VP - OPS	40.00	Key Emp	$1,528,384	$19,058	$1,547,442
B ROSS	EXECUTIVE VP - FINANCE & A	40.00	Key Emp	$1,016,494	$637,138	$1,653,632
M GUPTA	EXECUTIVE VP - OPERATIONS	40.00	Key Emp	$882,236	$1,541,787	$2,424,023
V BROSAS	VP - DEPOSIT SERVICES	40.00	Key Emp	$705,490	$1,026,581	$1,732,071
V TABLER	VP - REAL ESTATE LENDING	40.00	Highest	$620,360	$897,163	$1,517,523
S NAYLOR	VP - INFORMATION SYSTEMS	40.00	Highest	$545,016	$983,905	$1,528,921
S PANICKER	VP - TREASURY	40.00	Highest	$535,684	$836,777	$1,372,461
R RUTLEDGE	VP - HUMAN RESOURCES	40.00	Highest	$480,917	$57,678	$538,595
H ORNELAS	VP - CONSUMER LENDING	40.00	Highest	$469,561	$70,786	$540,347

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	$409,807,996	$376,148,161	$9,454,397,611	$33,659,835
2023	$320,984,139	$308,798,162	$9,897,274,103	$12,185,977
2022	$255,066,926	$213,389,731	$10,762,461,158	$41,677,195
2021	$197,844,755	$115,547,052	$11,067,829,708	$82,297,703
2020	$234,445,778	$165,254,466	$10,227,549,962	$69,191,312
2019	$257,132,367	$211,902,771	$9,073,674,668	$45,229,596
2018	$241,617,549	$182,105,048	$8,568,235,095	$59,512,501