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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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