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South Texas Area Resources Credit Union

Overview
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South Texas Area Resources Credit Union is a federally insured state credit union based in Corpus Christi, Texas. It has been opened since 1959, for 61 years.

With around $45,490,000 in assets, South Texas Area Resources Credit Union is considered to be an average size credit union. It has 3 branches and 2 ATM locations.

About
Address Po Box 10324
Corpus Christi, Texas 78460
Website http://www.starcu.org
Phone (361) 242-7827
Fax (361) 241-6207
CEO Lester Warby
President of the Board Edolina Amador
Services Offered
Map
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Score Card
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61 years
Years in business
Opened in 1959
Well Capitalized
Net worth classification
Source: NCUA
5,335 members
Membership type: State chartered natural person credit union
Average number of members
274:1
Credit union member to staff ratio
274 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$45,486,251
Total assets
Average size
3 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
South Texas Area Resources Credit Union Branch Locations

South Texas Area Resources Credit Union: Mckinzie & Leopard
10429 Leopard Street
Corpus Christi, Texas 78410
ATM Available
South Texas Area Resources Credit Union: Buffalo
3022 Buffalo Street
Corpus Christi, Texas 78408
No ATM
South Texas Area Resources Credit Union: Holly Road
6009 Holly Road
Corpus Christi, Texas 78412
ATM Available
Members
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5,335 members
Membership type: State chartered natural person credit union
Average number of members

With 5,335 members, the South Texas Area Resources Credit Union is considered to be a medium size credit union. It is larger than 58% of credit unions.

Fees
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$118
Average fee per member
The average fee per member at the South Texas Area Resources Credit Union is $118, which is very high compared to most credit unions. This rate is higher than 90% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the South Texas Area Resources Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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274:1
Credit union member to staff ratio
274 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
20 staff members
FTE (full-time equivalent)
14% of employees are part-time
18 full-time, 3 part-time

South Texas Area Resources Credit Union has 18 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 86% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. South Texas Area Resources Credit Union has around 274 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$45,486,251
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$8,702
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 63% of credit unions.

South Texas Area Resources Credit Union holds a total of $19,030,000 in loans and leases, which is about $8,702 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. South Texas Area Resources Credit Union pays 0.15%.

Loan rates
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10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.50%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally