EIN 58-0960142

Five Star Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
206
City
State
Year formed
1964
Most recent tax filings
2023-12-01
Description
The Credit Union is a cooperative association which was organized to promote thrift among its members as well as to provide them with a source of Credit. Five Star serves members in counties in the southeast region of Alabama and in southeast and southwest Georgia. The total number of members served is in excess of 46,000. The Credit Union provides financial products and services to its members.
Related structure
Five Star Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Total revenues
$54,121,623
2023
Total expenses
$41,912,042
2023
Total assets
$798,518,963
2023
Num. employees
206
2023

Program areas at Five Star Credit Union

In our efforts to promote thrift among our members, Five Star provides competitive savings products, which include savings, checking, and certificate of deposit accounts as well as ira savings and certificate of deposit accounts.
To meet the financial needs of our members, Five Star provides a source of Credit by offering a variety of consumer and mortgage lending products at reasonable rates of interest.

Grants made by Five Star Credit Union

GranteeGrant descriptionAmount
Five Star Credit Union FoundationContinued Funding of Foundation$642,609

Personnel at Five Star Credit Union

NameTitleCompensation
Robert A SteensmaPresident and Chief Executive Officer$690,948
Tyler BeckSenior Vice President and Chief Operating Officer$399,789
Landon WildesVice President and Chief Financial Officer$239,574
Fabio BiasellaSenior Vice President and Chief Marketing Officer$273,407
Michael MacHowiczVice President and Chief Information Officer$215,840
...and 17 more key personnel

Financials for Five Star Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$23,801,814
Investment income and dividends$9,231,770
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$10,996
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$21,077,043
Total revenues$54,121,623

Form 990s for Five Star Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s

Organizations like Five Star Credit Union

OrganizationLocationRevenue
Max Credit UnionMontgomery, AL$81,267,225
Alabama Credit UnionTuscaloosa, AL$76,294,666
APCO Employees Credit UnionBirmingham, AL$88,615,377
TVA Community Credit UnionMuscle Shoals, AL$15,805,515
Avadian Credit UnionBirmingham, AL$56,357,889
Corporate America Credit UnionIrondale, AL$74,719,214
Guardian Credit UnionMontgomery, AL$62,110,372
Alabama State Employees Credit UnionMontgomery, AL$23,220,315
Listerhill Credit UnionSheffield, AL$65,807,803
Family Security Credit UnionDecatur, AL$54,916,130
Data update history
July 16, 2024
Updated personnel
Identified 1 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 24, 2024
Updated personnel
Identified 2 new personnel
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
5105 Montgomery Hwy
Dothan, AL 36303
Metro area
Dothan, AL
County
Houston County, AL
Website URL
fivestarcu.com/ 
Phone
(334) 793-7714
IRS details
EIN
58-0960142
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1964
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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