About StarEnergy Credit Union


StarEnergy Credit Union is  a non-profit financial cooperatative serving those persons employed by Chevron Corp and employees of regular contractors, working out of Chevron Corp operations, members of their immediate families; and associations and organizations of said persons. Our goal is to be here for our members when you need us. We offer a variety of products and services, all at competetive rates.

StarEnergy Credit Union was founded in 1936 by a dedicated group of Chevron Corp employees who wanted more than banks could offer. We have continued to grow and now offer considerably more services than what we started with, which was just savings and loans.

PHILOSOPHY & STRUCTURE

Credit unions are democratically owned and controlled institutions based on 'people helping people' principles.  Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit.  Only members may serve as directors, and directors serve without compensation.  Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.

History of StarEnergy Credit Union
StarEnergy Credit Union was founded in 1936 by a dedicated group of Chevron Corp employees who wanted more than banks could offer.  We have continued to grow and now offer considerably more services than what we started with, which was just savings and loans.

REGULATION & SUPERVISION

StarEnergy Credit Union was chartered under  state law.  State chartered credit unions are regulated by their state credit union department.  NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, and most state chartered credit unions.  No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.

StarEnergy Credit Union Mission Statement

StarEnergy Credit Union's purpose is to meet the financial service needs of the credit union members within our field of membership by providing a leadership role, and services and information that enable our members/owners to maintain or improve their financial well being, while maintaining the well run, efficient operation that our members expect.

Credit Union Mission

The mission of a credit union is to provide and provide and promote the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with specific intent of helping members gain some particular measure of personal financial success.

Benefits of Membership

Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens.