At Norstar, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that knowing your credit union is financially strong is crucial for your peace of mind. That's why we proudly share our financial health indicators with you. With a
net worth of $9,952,951, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $1,460 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$18,239,919 in share certificates and
$3,182,576 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$8,867,830 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with
$560 in used auto loans and
$41,357,964 in total loans and leases, we're here to support your financial goals across various sectors. Our operational efficiency shines through with a
net income of $716,980, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
8 full-time employees and
1 part-time employees who are always ready to serve you with a knowledgeable, committed team. In total, we manage
7,445 share accounts which reflects the trust our growing member base places in us. Our net shares available for lending stand at
$0, reinforcing our commitment to provide valuable services to all members. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Norstar is your trusted partner. Visit us at 515 Vander Horck St Britton Sd 57430 or call (605) 448-2292 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
