Overview
What is 5 Star Community Credit Union?
5 Star Community Credit Union is a member-focused financial institution, headquartered at 100 S Cherry Street, Mount Pleasant, IA 52641. With a mission to promote savings and provide affordable credit, the union offers a range of financial services to its members, including small signature loans and home mortgage loans. In 2022, it served around 6,079 members. The organization's primary expenses consist of dividends paid on share accounts. As of the provided data, the credit union employed 11 individuals, dedicated to serving their member base.
Official website here: www.5starcu.org
Is 5 Star Community Credit Union legitimate?
5 Star Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 5 Star Community 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $122,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,273
For more financial information, click here
Official website here: www.5starcu.org
What is the mission statement of 5 Star Community Credit Union?
The 5 Star Community Credit Union operates with the primary objective of fostering savings, offering credit at reasonable rates, and providing various financial services to its members. This mission statement is aimed at benefiting the credit union's member base. The organization's largest expenditure is on dividend expenses related to share accounts. In addition to this, the credit union provides a range of loans, ranging from small signature loans to home mortgage loans. In 2022, the credit union served approximately 6,079 members.
Official website here: www.5starcu.org
Who is the CEO of 5 Star Community Credit Union?
Mary Graber is the Chairperson of 5 Star Community Credit Union. The CEO's salary of 5 Star Community Credit Union is $109,308 and their total compensation is $122,186.
Official website here: www.5starcu.org
What is the revenue of 5 Star Community Credit Union?
5 Star Community Credit Union's revenue in 2022 was $1,957,816.
Official website here: www.5starcu.org
Who are the executives of 5 Star Community Credit Union and what are their salaries?
The average compensation at 5 Star Community Credit Union during 2022 was $42,405. There are 11 employees at 5 Star Community Credit Union.
Here are 10 key members and their salaries (5 Star Community Credit Union's CEO's salary is $109,308 and their total compensation is $122,186):
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- Compensation: $109,308
- Related: $0
- Other: $12,878
Official website here: www.5starcu.org
Where can I find the form 990 for 5 Star Community Credit Union?
5 Star Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.5starcu.org
Learn more at the official website: www.5starcu.org
Mission Statement of 5 Star Community Credit Union
5 Star Community Credit Union is committed to its primary purpose of fostering savings among its members, offering credit at reasonable rates, and providing various financial services. This mission is central to its operations, aiming to serve and benefit its membership base effectively. The organization's largest expenditure is the dividend expense paid on share accounts, indicating its commitment to returning value to its members. Beyond offering credit and savings services, 5 Star Community Credit Union provides a range of financial solutions, including small signature loans and home mortgage loans. In 2022, the credit union served approximately 6,079 members, demonstrating its success in meeting the financial needs of its community.
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Impact
October, 2024
5 Star Community Credit Union plays a vital role in promoting financial well-being for its members in Mount Pleasant, Iowa. By providing access to credit at reasonable rates, the institution encourages thrift and responsible financial management. In 2022, it served approximately 6,079 members, demonstrating a strong commitment to meeting the diverse financial needs of the community.
The credit union offers a broad range of loan products, from small signature loans to home mortgages, making it easier for members to achieve their financial goals. This variety ensures that individuals at different stages of life have the opportunity to secure the financing they need while benefiting from competitive dividend rates on their savings accounts. Overall, 5 Star Community Credit Union is dedicated to fostering economic stability and empowerment within its community.
This information is meant to be a general summary of 5 Star Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $178,705
- Program Service Revenue: $1,289,463
- Gross Receipts: $1,957,816
Assets and Liabilities:
- Total Assets: $46,048,402
- Total Liabilities: $43,456,993
- Net Assets: $2,591,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$1,289,463
Organization Details
Founding Year
1950
Phone
(319) 385-4914Principal Officer
Mary Graber
Main Address
100 S CHERRY STREET, MOUNT PLEASANT, IA, 52641
Website
www.5starcu.orgNTEE Category
Code: W60 - Public benefit
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