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5 STAR COMMUNITY CREDIT UNION

Dec, 31, 2023 — 5 STAR COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT PLEASANT, IA with 2 branch locations and about $49.06 million in total assets. Opened 74 years ago in 1950, 5 STAR COMMUNITY CREDIT UNION has about 6,293 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:5 STAR COMMUNITY CREDIT UNION
Address:
(Main Office)
100 S Cherry St
MOUNT PLEASANT, IA 52641
Phone:(319) 385-4914
Fax:(319) 385-4944
Website:https://www.5starcu.org
Branches:2 branch locations
Members:6,293
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64878
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$49,061,982
CEO/Manager:Mary J Graber
Chairperson:Jeff Beavers

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,787,831
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,245,692
 Unsecured Loans 569,204
 Other Loans 15,598,852
 TOTAL LOANS 36,619,984
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -214,634
 Land And Building 522,076
 Other Fixed Assets 140,464
 NCUSIF Deposit 422,566
 All Other Assets 26,545
  TOTAL ASSETS 49,061,982
LIABILITIES & CAPITAL:  
 Dividends Payable 69,293
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,064,294
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,825,680
 Regular shares 17,711,257
 All Other Shares & Deposits 17,372,855
  TOTAL SHARES & DEPOSITS 44,909,792
  TOTAL LIABILITIES 46,043,379
 Regular Reserve 0
 Other Reserves 1,849,434
 Undivided Earnings 1,169,169
  TOTAL EQUITY 3,018,603
  TOTAL LIABILITIES, SHARES, & EQUITY 49,061,982
INCOME & EXPENSE  
 Loan Income 1,624,516
 Investment Income 180,153
 Other Income 478,127
 Total Employee Compensation & Benefits 659,795
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,142,996
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,307
 Cost of Funds 284,425
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 190,938
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