Five Star Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580960142 ✦ Dothan, AL ✦ Designated as a 501(c)(14)

Overview

What is Five Star Credit Union?

Five Star Credit Union is a cooperative association based in Dothan, Alabama, with a location at 5105 Montgomery Hwy, 36303. Established to promote thrift among its members and provide them with a reliable source of credit, the credit union offers a range of financial products and services. These include savings, checking, certificate of deposit accounts, as well as IRA savings and certificate of deposit accounts. With a team of 192 employees, Five Star Credit Union caters to over 55,000 members in various counties in Alabama and Georgia.


Official website here: www.fivestarcu.com

Is Five Star Credit Union legitimate?

Five Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Five Star Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,669,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,084,767

For more financial information, click here


Official website here: www.fivestarcu.com

What is the mission statement of Five Star Credit Union?

Five Star Credit Union is a cooperative association established to encourage savings among its members and offer them access to credit. With a membership base exceeding 55,000, the credit union focuses on providing financial products and services to help its members manage their finances effectively. Among the offerings are competitive savings accounts, including checking, savings, certificate of deposit accounts, and Individual Retirement Account (IRA) savings. The credit union's mission is to support its members in saving money and accessing credit when needed.


Official website here: www.fivestarcu.com

Who is the CEO of Five Star Credit Union?

Robert A Steensma is the President/Ceo of Five Star Credit Union. The CEO's salary of Five Star Credit Union is $664,484 and their total compensation is $699,179.


Official website here: www.fivestarcu.com

What is the revenue of Five Star Credit Union?

Five Star Credit Union's revenue in 2022 was $44,908,248.


Official website here: www.fivestarcu.com

Who are the executives of Five Star Credit Union and what are their salaries?

The average compensation at Five Star Credit Union during 2022 was $45,594. There are 192 employees and 9 volunteers at Five Star Credit Union.

Here are 22 key members and their salaries (Five Star Credit Union's CEO's salary is $664,484 and their total compensation is $699,179):

    Robert A Steensma (President/Ceo)
  • Compensation: $664,484
  • Related: $0
  • Other: $34,695

    • Tyler Beck (Svp/Coo)
  • Compensation: $320,386
  • Related: $0
  • Other: $34,212

    • Michael Machowicz (Vp/Cio)
  • Compensation: $222,227
  • Related: $0
  • Other: $26,761

    • Candice White (Mortgage Loan Originator)
  • Compensation: $191,898
  • Related: $0
  • Other: $29,459

    • Lance Wagner (Vp Lending)
  • Compensation: $172,193
  • Related: $0
  • Other: $28,841

    • Jason Shanks (Vp, Business Intelligence)
  • Compensation: $176,036
  • Related: $0
  • Other: $17,487

    • Fabio Biasella (Svp/Cmo)
  • Compensation: $179,147
  • Related: $0
  • Other: $11,653

    • Mike Bridges (Vp-Marketing/Communication)
  • Compensation: $162,222
  • Related: $0
  • Other: $28,452

    • Deborah Mcrae (Vp Risk Management)
  • Compensation: $174,050
  • Related: $0
  • Other: $7,966

    • Christopher Latta (Director - Consumer Lendin)
  • Compensation: $152,401
  • Related: $0
  • Other: $23,776

    • Landon Wildes (Vp/Cfo)
  • Compensation: $161,022
  • Related: $0
  • Other: $14,645

    • Pam Pettis (Director - Human Resources)
  • Compensation: $140,291
  • Related: $0
  • Other: $26,976

    • Bobby Landwehr (Director - Commercial Lend)
  • Compensation: $134,315
  • Related: $0
  • Other: $21,192

    • Suzann Culpepper (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wallace Johnson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Stepler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice Green (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cory Driggers (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Farris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Whit Huskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bobby Swan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fivestarcu.com

    Where can I find the form 990 for Five Star Credit Union?

    The Five Star Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fivestarcu.com

    Learn more at the official website: www.fivestarcu.com

    Mission Statement of Five Star Credit Union

    Five Star Credit Union is a cooperative association with a mission to encourage savings among its members while providing them with access to credit. Established with the goal of promoting thrift, this credit union offers a range of financial products and services to its member base, which surpasses 55,000 individuals.

    In their endeavor to foster savings, Five Star Credit Union provides competitive savings offerings. These include various account options such as savings, checking, and certificate of deposit accounts, as well as Individual Retirement Account (IRA) savings and certificate of deposit accounts. By offering these diverse savings opportunities, the credit union empowers its members to build financial security and save for their future.

    Impact

    This information is meant to be a general summary of Five Star Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Five Star Credit Union's impact can be seen through its provision of essential financial products and services to its members. By offering competitive savings products such as savings accounts, checking accounts, certificate of deposit accounts, and IRA savings options, Five Star promotes thrift among its members and supports their financial well-being. Serving a membership base exceeding 55,000 individuals in counties across Southeast Alabama and Southwest and Southeast Georgia, Five Star Credit Union plays a vital role in providing access to credit and fostering financial stability within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,886,617
  • Program Service Revenue: $18,378,054
  • Gross Receipts: $44,913,245

    • Assets and Liabilities:
  • Total Assets: $748,664,965
  • Total Liabilities: $684,977,348
  • Net Assets: $63,687,617
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $18,378,054

    Organization Details

    Founding Year

    1964

    Principal Officer

    Robert A Steensma

    Main Address

    5105 MONTGOMERY HWY, DOTHAN, AL, 36303

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Five Star Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.