2024-04-03T16:13:11-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 410415875 STAR CHOICE CREDIT UNION STAR 9526987228 10750 FRANCE AVE SOUTH BLOOMINGTON MN 55431 PATRICIA DEORAJ CONTROLLER 9526987222 2024-03-27 true PAT DEORAJ 999009999 true BRENT WOOKEY CPA P00062439 6087920843 2024-04-03 X 2023 2023-04-26 12:10:37Z SCOTT OLSON 10750 FRANCE AVE SOUTH BLOOMINGTON MN 55431 3653517 false X WWW.STARCHOICECU.ORG X CREDIT UNION 1931 MN WE STRIVE TO NURTURE YOUR FINANCIAL GROWTH BY PROVIDING SERVICE THAT EMBRACES TECHNOLOGY, EMBODIES TRUST, INTEGRITY, PASSION AND HONESTY. 7 7 18 10 5449 0 3266146 3410355 238150 214869 8714 8993 3513010 3634217 0 0 1088142 1137074 0 0 2062224 2834914 3150366 3971988 362644 -337771 93655773 88586247 86758117 82064747 6897656 6521500 WE STRIVE TO NURTURE YOUR FINANCIAL GROWTH BY PROVIDING SERVICE THAT EMBRACES TECHNOLOGY, EMBODIES TRUST, INTEGRITY, PASSION AND HONESTY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 303 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 6,111 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 557 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 4,340 OUTANDING LOANS RECEIVABLE. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1465 0 true 18 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false false X PATRICIA DEORAJ 9526987228 10750 FRANCE AVE SOUTH BLOOMINGTON MN 55431 SCOTT OLSON PRESIDENT 40.00 X 128634 0 29194 TAMMY JOHNSON-KOHL VICE PRESIDE 40.00 X 106822 0 26430 PATRICIA DEORAJ CONTROLLER 40.00 X 86077 0 33819 DAN GANLEY DIRECTOR 1.00 X 590 0 0 LINDSEY OLSON BOARD CHAIR 1.00 X X 590 0 0 KEITH HUSO SECRETARY 1.00 X X 575 0 0 STUART KOHLSTEDT DIRECTOR 1.00 X 550 0 0 LYNN LETTOW DIRECTOR 1.00 X 550 0 0 MARY ST MARY VICE CHAIR 1.00 X X 550 0 0 GLORIA ATIKA DIRECTOR 1.00 X 350 0 0 325288 89443 2 false true false FIS PO BOX 4535 CAROL STREAM IL 60197 CARD SERVICES 797724 JACK HENRY COMPANY PO BOX 609 MONETT MO 65708 CORE PROCESSING 214022 2 INTEREST ON LOANS 522130 2764802 2764802 MEMBER FEE INCOME 522130 481177 481177 OTHER MEMBER RELATED REVENUE 522130 158927 158927 FEE & INSURANCE INCOME 520000 5449 5449 3410355 224172 224172 8993 8993 9997 19300 -9303 -9303 -9303 3634217 3395603 5449 233165 325288 603464 46000 91740 70582 13352 22200 77035 799319 298243 108460 88384 33174 88950 28589 DIVIDENDS EXPENSE 724281 LOAN SERVICING 305476 CREDIT LOSS EXPENSE 247451 3971988 0 0 0 1103401 941579 3116033 4079571 -350 66590070 65351321 131348 86824 3327598 1254758 2136325 2072840 19580198 15022776 998748 1031336 93655773 88586247 438901 430421 86319216 81634326 86758117 82064747 X 6897656 6521500 6897656 6521500 93655773 88586247 X -337771 -38385 X false false 982517 982517 1666912 788063 878849 678169 466695 211474 2072840 INVESTMENTS WITH MATURITY > 1 YEAR 14932776 C CAPITAL ACCTS CORPORATE CU 90000 C 15022776 MEMBER SHARES & DEPOSITS 81634326 81634326 X X X false false false SCOTT OLSON PRESIDENT 124885 3749 12504 16690 157828 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B CONTROLLER PROVIDES THE DATA TO INDEPENDENT CPA WHO PREPARES THE 990. CONTROLER REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E- FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD AND STAFF REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY, AND SIGN OFF THAT THEY HAVE REVIEWED THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE USING PEER SALARY SURVEY INFORMATION. THE COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XI, LINE 9 INITIAL CECL ADJUSTMENT -38,385