Dec, 31, 2023 — FIVE STAR CREDIT UNION is a federally insured state chartered credit union headquartered in DOTHAN, AL with 21 branch locations and about $798.52 million in total assets. Opened 60 years ago in 1964, FIVE STAR CREDIT UNION has about 56,425 members and employs 164 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIVE STAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 5105 Montgomery Hwy DOTHAN, AL 36303 |
| Phone: | (334) 793-7714 |
| Fax: | (334) 686-1753 |
| Website: | https://www.fivestarcu.com |
| Branches: | 21 branch locations |
| Members: | 56,425 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68302 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $798,518,962 |
| CEO/Manager: | Robert A Steensma |
| Chairperson: | Cory H Driggers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 98,613,181 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 195,830,054 |
| Unsecured Loans | 48,050,245 |
| Other Loans | 182,414,470 |
| TOTAL LOANS | 426,294,769 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,428,261 |
| Land And Building | 30,783,243 |
| Other Fixed Assets | 5,965,411 |
| NCUSIF Deposit | 5,433,218 |
| All Other Assets | 33,847 |
| TOTAL ASSETS | 798,518,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,386,432 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 50,000,000 |
| Share Drafts | 144,633,968 |
| Regular shares | 143,785,030 |
| All Other Shares & Deposits | 371,194,064 |
| TOTAL SHARES & DEPOSITS | 659,613,062 |
| TOTAL LIABILITIES | 722,999,494 |
| Regular Reserve | 0 |
| Other Reserves | -23,396,385 |
| Undivided Earnings | 98,915,853 |
| TOTAL EQUITY | 75,519,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 798,518,962 |
| INCOME & EXPENSE | |
| Loan Income | 24,611,942 |
| Investment Income | 9,231,770 |
| Other Income | 13,932,622 |
| Total Employee Compensation & Benefits | 15,839,783 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,382,801 |
| Non-operating Income & (Expense) | 2,396,206 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,206,017 |
| Cost of Funds | 10,572,957 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,209,580 |
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