5 Star Community Credit Union

Organization Overview

5 Star Community Credit Union is located in Mount Pleasant, IA. The organization was established in 2007. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, 5 Star Community Credit Union employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 5 Star Community Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, 5 Star Community Credit Union generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERATING FOR THE PRIMARY PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT A REASONABLE RATES, AND PROVIDING OTHERS FINANCIAL SERVICES TO OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SERVES IT MEMBERS. THE ORGANIZATIONS LARGEST EXPENSE IS DIVIDEND EXPENSE PAID ON SHARE ACCOUNTS. THE ORGANIZATION OFFERS LOANS RANGING FROM SMALL SIGNATURE LOANS UP TO HOME MORTGAGE LOANS. THE ORGANIZATION SERVED APPROXIMATELY 5,949 MEMBERS IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Graber
CEO
$101,234
Jeff Beavers
Chairperson
$0
Ed Seggerman
President
$0
Rich Mcnamee
Secretary
$0
Chad White
Vice Chairperson
$0
Marlin Ford
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,325,645
Investment income $75,196
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,787,150

Peer Organizations

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