Brazos Star Credit Union
- Assets
- $34.1m
- Revenue
- $1.1m
- Investments
- $19.5m
- Employees
- 8
- Location
- College Station, TX
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 74-1465415
Organization Overview
Brazos Star Credit Union is located in College Station, TX. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Brazos Star Credit Union employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Brazos Star Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Brazos Star Credit Union generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $787.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION SERVING THE COOPERATIVE FINANCIAL NEEDS OF CONSUMERS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED ACCOUNTS FOR MEMBERS AND PROVIDED FOR THE FINANCIAL NEEDS OF CONSUMERS IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Borroni President/ceo | 40 | $115,728 | |
Linda Jeffress Secretary | OfficerTrustee | 0 | $0 |
Fred Bingaman Member | Trustee | 0 | $0 |
Johnny Stimson Asst Treas | OfficerTrustee | 0 | $0 |
Ted Peabody Vice Chair | OfficerTrustee | 0 | $0 |
Tara Jackson Asst Sec | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $899,211 |
| Investment income | $222,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,125,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,728 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,690 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,398 |
| Advertising and promotion | $4,578 |
| Office expenses | $85,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,521 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,719 |
| Interest | $25,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26,867 |
| Total functional expenses | $787,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,652 |
| Savings and temporary cash investments | $31,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,953,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $870,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,460,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $369,661 |
| Total assets | $34,065,082 |
| Accounts payable and accrued expenses | $322,495 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,355,862 |
| Total liabilities | $29,678,357 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,386,725 |
| Total liabilities and net assets/fund balances | $34,065,082 |