News

Mark your calendars for the 2010 Annual Meeting of the Members set for Tuesday, April 13, 2010. This year's meeting will be held again at the Mansion Royal at 8001 SPID between Ennis Joslin Rd and Paul Jones Ave. Doors will open around 6:15 pm with the dinner served at 6:30 pm, followed by the business meeting. As always, great door prizes and gift drawings will be held for everyone present.

In order to attend, we will need you to RSVP before Tuesday, April 6, 2010 so we can ensure enough food is available for everyone. You can now purchase your tickets by phone by calling (361) 242-7827 Option 0 or by stopping in at any STAR location. The cost of the dinner for members and children is $3.00 per person, or $5.00 per non-member guest. We hope to see you there!

Amid the turmoil of the financial world today, the foremost question on everyone’s mind is: Are my deposits safe?

At STAR Credit Union your deposits are safe. STAR Credit Union is a secure and strong financial institution with over 15% reserves (8% is considered well capitalized). STAR Credit Union has never been involved in the sub-prime mortgage market. We have always practiced responsible lending.

Deposits in STAR Credit Union are federally insured up to $250,000 by the NCUA, through the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF is backed by the full-faith and credit of the United States Government.

In addition, the Board of Directors of STAR Credit Union have chosen to provide an additional $250,000 of savings coverage to qualifying accounts through ESI, a licensed property and casualty insurance company.

The short answer to your question is: Your funds are safe at STAR Credit Union.