The Credit Union Difference
Our primary goal is to provide the highest quality service to our members. We are a not-for-profit cooperative financial institution here to meet your financial needs. Members are OWNERS. The Board of Directors are volunteers chosen by fellow members who vote, regardless of the balance in their share savings account. The VOLUNTEER philosophy of people helping people is our trademark. Our source of money is from other members who borrow and save here, not federal banks.
Philosophy and Structure
Credit unions are democratically owned and controlled institutions based on ‘people helping people’ principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.
Message from the President
At STAR Credit Union it is important to us that you have access to information to help you in planning your financial future. As you scroll through each area to find out what we have to offer or for an update on dividend or loan rates, we hope that you will benefit from our web site. Providing up to date information for our online communications is one of our main objectives. Please provide feedback on what you like and or dislike to me via e-mail at firstname.lastname@example.org.
Required Notice to Members—Access to Credit Union Documents
|Upon written request, our members are entitled to review or receive a copy of the most recent version of the following credit union documents:(1) Balance Sheet and Income Statement (the non-confidential pages of the latest call report may be given to meet this requirement);
(2) A summary of the most recent annual audit completed in accordance with Texas Administrative Code, TITLE 7, Part 6, Chapter 91, SUB CHAPTER C, RULE 91.516.
(3) A written board policy regarding access to the articles of incorporation, bylaws, rules, guidelines, board policies, and copies thereof: and
(4) Internal Revenue Service Form 990.