A n n u A lR e p o R t

STAR OF TEXAS CREDIT UNIONBOARD NOMINEES

2011

Enrique Barrera Jesus Reyes

Sonja PlummerJohn Mgebroff

Enrique L. Barrera, TWC Director of the Revenue and Trust Management Department, has over thirty years experience with TWC in the field of finance. He has served as a Director for Star of Texas Credit Union for the past twenty-seven years. He holds an Accounting degree. Reason for serving on the Board: “I have been on the Board for this credit union for twenty seven years and enjoy my Director responsibilities and want to continue to actively participate in serving our membership and our credit union’s best interest.”

Jesus S. Reyes, TWC’s State Unemployment Accounts Examiner IV for twenty six years, holds a degree in accounting. He has served as a Director for Star of Texas Credit Union since April 2005. Reason for serving on the Board: “I would like to assist in the expansion of the membership by providing quality and beneficial services; plus, providing easier access to the credit union by expanding/adding new locations.”

Sonja M. Plummer, TWC Leasing Manager for eleven years, is a member of the Austin Board of Realtors, National Notary Association, National Association of Realtors and the Texas Association of Realtors. She has a Real Estate Sales License and is a Notary Public. Reason for serving on the Board: “To assist in the development and implementation of the goals and objectives of the Credit Union.”

John Scott Mgebroff, a retiree of the Texas Commission on Environmental Quality, held positions of Deputy Director, Laboratory Director, Section Manager and Team Leader during his thirty eight year tenure. He is currently a part-time Field Sampler for an environmental monitoring business. He holds a degree in Chemistry from the University of Texas. Reason for serving on the Board: “With my budget, planning and management background I believe I have skills set that would be valuable to Star of Texas Credit Union.”

Branch Locations and Office Hours

Main Office114 East Hu tland DriveAustin, TX 78752

Lobby 9:00 am - 4:00 pm (M-F) 10:00 am - 1:00 pm (Sat)Drive Thru 7:30 am - 6:00 pm 10:00 am - 1:00 pm (Sat)

Fifteenth Street101 East 15th SteetAustin, TX 78778

Lobby 9:00 am - 2:00 pm (M-F)

Trinity1117 TrinityAustin, TX 78778

Lobby 10:00 am - 1:00 pm (M-F)

South113 East Ben WhiteAustin, TX 78704

Lobby 9:00 am - 5:30 pm (M-F)Drive Thru 7:00 am - 6:00 pm (M-F)

9:00 am - 1:00 pm (Sat)

Annual Meeting Agenda

I. Call to order the 64th Annual MeetingII. InvocationIII. Declare QuorumIV. Appoint Recording SecretaryV. Appoint ParliamentarianVI. Introduction

A. Board of DirectorsB. PresidentC. Staff

VII. Reading and Approval of 63rd Annual Meeting MinutesVIII. ReportsIX. Old BusinessX. New BusinessXI. Presentation of Annual Scholarship AwardsXII. Election of DirectorsXIII. Drawing of PrizesXIV. Adjournment

Austin, Texas (512) 458-8253Fax: (512) 458-8716Home Banking: (800) 291-3897Website: www.staroftexascu.org

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STAR OF TEXAS CREDIT UNIONBOARD NOMINEES

2019

YULIE GALARRAGA &

YOUSSEF LAHLOU

Youssef Lahlou, has been the CFO of the Buttross Group since 2002. He overlooks the servicing of a 50M real estate loan portfolio and the acquisition and sales of performing and non-performing notes. Mr. Lahlou holds an MBA degree from Texas State University. He has been an SOTCU member for six years. Reason for serving on the board: “To continue contributing to our local community. I have a five year vision for the credit union to include the incorporation of innovative, modern banking practices; particularly, as they relate to portfolio management and servicing of loans and to a financially sound membership growth. I also bring previous experience in banking compliance, operations and sales.” Austin, Texas

Phone: (512) 458-8253

www.staroftexascu.org

A n n u A lR e p o R t

STAR OF TEXAS CREDIT UNIONBOARD NOMINEES

2011

Enrique Barrera Jesus Reyes

Sonja PlummerJohn Mgebroff

Enrique L. Barrera, TWC Director of the Revenue and Trust Management Department, has over thirty years experience with TWC in the field of finance. He has served as a Director for Star of Texas Credit Union for the past twenty-seven years. He holds an Accounting degree. Reason for serving on the Board: “I have been on the Board for this credit union for twenty seven years and enjoy my Director responsibilities and want to continue to actively participate in serving our membership and our credit union’s best interest.”

Jesus S. Reyes, TWC’s State Unemployment Accounts Examiner IV for twenty six years, holds a degree in accounting. He has served as a Director for Star of Texas Credit Union since April 2005. Reason for serving on the Board: “I would like to assist in the expansion of the membership by providing quality and beneficial services; plus, providing easier access to the credit union by expanding/adding new locations.”

Sonja M. Plummer, TWC Leasing Manager for eleven years, is a member of the Austin Board of Realtors, National Notary Association, National Association of Realtors and the Texas Association of Realtors. She has a Real Estate Sales License and is a Notary Public. Reason for serving on the Board: “To assist in the development and implementation of the goals and objectives of the Credit Union.”

John Scott Mgebroff, a retiree of the Texas Commission on Environmental Quality, held positions of Deputy Director, Laboratory Director, Section Manager and Team Leader during his thirty eight year tenure. He is currently a part-time Field Sampler for an environmental monitoring business. He holds a degree in Chemistry from the University of Texas. Reason for serving on the Board: “With my budget, planning and management background I believe I have skills set that would be valuable to Star of Texas Credit Union.”

Branch Locations and Office Hours

Main Office114 East Hu tland DriveAustin, TX 78752

Lobby 9:00 am - 4:00 pm (M-F)10:00 am - 1:00 pm (Sat)

Drive Thru 7:30 am - 6:00 pm10:00 am - 1:00 pm (Sat)

Fifteenth Street101 East 15th SteetAustin, TX 78778

Lobby 9:00 am - 2:00 pm (M-F)

Trinity1117 TrinityAustin, TX 78778

Lobby 10:00 am - 1:00 pm (M-F)

South113 East Ben WhiteAustin, TX 78704

Lobby 9:00 am - 5:30 pm (M-F)Drive Thru 7:00 am - 6:00 pm (M-F)

9:00 am - 1:00 pm (Sat)

Annual Meeting Agenda

I. Call to order the 68th Annual MeetingII. InvocationIII. Declare QuorumIV. Appoint Recording SecretaryV. Appoint ParliamentarianVI. Introduction

A. Board of DirectorsB. PresidentC. Staff

VII. Reading and Approval of 63rd Annual Meeting MinutesVIII. ReportsIX. Old BusinessX. New BusinessXI. Presentation of Annual Scholarship AwardsXII. Election of DirectorsXIII. Drawing of PrizesXIV. Adjournment

Austin, Texas (512) 458-8253Fax: (512) 458-8716Home Banking: (800) 291-3897Website: www.staroftexascu.org

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Together Making It Possible

2019ANNUAL REPORT

April 25 2019 • 6:00 pm

I. II. InvocationIII. Declare QuorumIV. Appoint Recording SecretaryV. Appoint ParliamentarianVI. Introduction

A. Board of DirectorsB. PresidentC. Staff

VII. Reading and Approval of th67 Annual Meeting MinutesVIII. ReportsIX. Report of the Supervisory Committee Annual ReviewX. Report of ExaminationXI. Old BusinessXII. New BusinessXIII. Presentation of 10th Annual Scholarship AwardsXIV. Election of DirectorsXV. Drawing of PrizesXVI. Adjournment

Julie Galarraga is a very successful realtor for Keller Williams Realty. She enjoys helping her clients, many of whom are in the Spanish-Speaking community. Mrs. Galarraga enhanced her skills creating E-lit Group, a business focusing on educating the community on securing loans and very successful home purchases. Moreover, by utilizing and coordinating clients to serve within the community. She facilitates and supports long-term growth in wealth for her clients. Reason for serving on the Board: “My goal is to help our members use technology, while networking within communities, to help organizations grow. If given the opportunity, I know I could be an asset to this organization and look forward for this challenge.”

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67th Annual Membership Meeting Minutes

Chairperson’s & President’s Report

It is the mission at Star of Texas Credit Union to provide personal service to meet the financial challenges of the members. The credit union will offer quality, competitive services in an atmosphere of trust and superior member satisfaction. The Board of Directors at Star of Texas is charged with the duties of setting policies. It also decides what programs the credit union will offer and the type of facilities to use. The Board members are volunteers who accept this responsibility and donate their

time to their credit union.

The Board of Directors, management, and the staff at Star of Texas are appreciative of you, the members, for the support and

confidence you have provided.

Board of Directors

Term Expiration202020202020202120212019

Member Rick Barrera, Chairman Jesus Reyes, Vice Chairman Sonja Wright,Secretary Ruby Ann SeguraAndrew EwigYoussef Lahou, Treasurer Bert West 2019

Manament Team

Stephanie Sievers, CEOJuan M. Guerra, Jr., VP of Lending

Griselda C. Spencer, VP of AccountingJuanita Sanchez,Operation’s Manager

Elizabeth Rodriguez, Administrative Assistant/Back Office Myriah Salinas, Head Teller

Monica Arebalo Patricia Henao Andy Benjamin

For the year 2018:Assets increased by $1,222,669Member deposits increased by $1,011,287Capital increased by $1243,645Membership size: 3,111

December 31, 2018

Statement of Income and Expense

Statement of Financial Condition

The 67th Annual Membership meeting was held on Thursday, April 26, 2018 at the Holiday Inn. The meeting was called to order by Chairman Rick Barrera at 6:45 pm.

Chairman Barrera asked Arthur Wright to give the invocation, Margie Franks to serve as Parliamentarian and Griselda Spencer to act as Recording Secretary.

Board of Directors present were Sonja Wright, Rick Barrera, Jesus Reyes, Ruby Segura, Bert West and Youssef Lahlou. Ms. Cheryl Zaremba was absent. Ninety-seven members were present, which constituted a quorum.

Chairman Barrera introduced President Frances Laurel. Ms. Laurel introduced the Credit Union staff and thanked the members for attending the meeting.

A motion was made by Margie Franks and seconded by Linda Johnson to dispense of the reading and approve the minutes of the 66th Annual Membership Meeting. The motion carried. Chairman Barrera announced that the annual 2017 Supervisory Committee Audit was performed by the Credit Union Resources. The overall records and operations of the Credit Union were found to be in good condition.

Margie Franks made a motion to accept the financial reports as presented. Sarah Vitek seconded. The motion carried.

Chairman Barrera asked for old business. There was none.

Chairman Barrera asked for new business. There was none.

Linda Watkins presented the 10th Annual Star of Texas Credit Union Scholarship Award winners ($1,000 each): Carly Smith, David Ricardo Perez, Doru Gucer and Cory Gunter.

Sarah Vitek, serving as chairperson of the nominating committee together with Margie Franks and Margaret Wendler presented the nominees for election: Ruby Segura and Andrew Ewig.

Sarah Vitek asked if there were any nominations from the floor. There was none.

A motion was made by Margie Franks and seconded by Cynthia Garza to elect the board nominees: Ruby Segura and Andrew Ewig. The motion was unanimously approved.

Mr. Jesus Reyes conducted the drawing of 19 cash door prizes and congratulated the winners.

The drawing of prizes followed:$25.00 cash prize winners were: Doru Guncer, Cynthia Garza, David Beckham, Willie Ray, Tracy Jackson, Arthur Wright and Adela Perez.

$50.00 cash prize winners were: Sandra Peterson, Glorious Fowler, Cindy Guerra, Linda Watkins, Glenn Vitek, Rachel Resendez and Brian Voigt.$100.00 cash prize winners were: Eric Lugo and Fernando Coy.Chairman Barrera announced and congratulated the elected Board Members: Ruby Segura and Andrew Ewig.

There being no further business the meeting was adjourned at 7:28 pm.

Operating Income $1,623,365Other Operating Gain or (loss) 41,156Operating Expense (1,379,514)Net Income From Operations 285,007

Dividends Paid to Members (41,382)

Net Income $ 243,625

Loans to Members $ 16,383,711Allowance for Loan Loss (55,424)Foreclosed and Repo Assets 0.00Cash 1,836,144Investments 15,411,000Catalyst Corp Certificates 992,000FNMA Mortgage Security* 167,790Catalyst Corp Perpetual Contributed Capital 44,505NCUA Share Insurance Fund 287,522Account Receivable 595,293Prepaid Expenses 35,819Fixed Assets 924,639Accrued Income 95,773Other Assets 0.00 Total Assets $36,718,772

Accounts Payable $ 51,990Dividends Payable 0.00Accrued Liabilities 242,895Member Deposits 31,924,203Capital 4,499,684

Total Liabilities/Equity $36,718,772

*FMNA Security market value: $166,608 (Unrealizedloss of -$1,181)

Support Team

Elizabeth Rodriguez