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Nonprofit · EIN 58-0960142

FIVE STAR CREDIT UNION

Tax-exempt · DOTHAN, AL 36303

Financials

$54.1M$41.9M2023$80.1M$74.8M2024
Revenue Expenses · by fiscal year end
Financials of FIVE STAR CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$80,102,561$74,846,606$5,255,955$1,190,716,101$1,109,799,629$80,916,472
December 31, 2023990$54,121,623$41,912,042$12,209,581$798,518,963$722,999,493$75,519,470
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$44,860,243
Investment income
$11,268,888
Net gain from sales of assets
$332,756
Other revenue
$23,973,430

Expenses

Grants and similar amounts paid
$284,459
Compensation of officers, directors and key employees
$3,493,973
Other salaries and wages
$11,443,466
Salaries, compensation and benefits (total)
$20,855,632
Professional fundraising fees
$0
Legal fees
$84,773
Accounting fees
$170,434
Occupancy
$1,374,279
Travel
$505,126
Depreciation
$2,931,503

Balance sheet and other

Total assets, start of year
$798,518,963
Total assets, end of year
$1,190,716,101
Total liabilities, end of year
$1,109,799,629
Net assets, end of year
$80,916,472
Land, buildings and equipment
$43,378,629
Publicly traded securities
$168,937,896
Gross unrelated business income
$356,980
Gross receipts
$93,539,140
Employees
269
Volunteers
9
Year formed
1964
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TYLER BECKVICE PRESIDENT/COO
Officer
40$1,011,211$40,947
ROBERT A STEENSMAPRESIDENT/CEO
Officer
40$918,126$44,442
LANDON WILDESVP/CFO
Officer
40$360,215$38,803
LANCE WAGNERVP/CLO
Officer
40$339,752$38,074
MICHAEL MACHOWICZVP/CIO
Officer
40$318,816$36,509
FABIO BIASELLASR VICE PRESIDENT/CMO
Officer
40$339,397$7,680
KELLIE ELDRIDGEVP-HUMAN RESOURCES
Key employee
40$260,527$34,704
ANN MARIE COOKVP-CREDIT ADMIN
Key employee
40$247,741$13,080
MIKE BRIDGESVP-MARKETING/COMMUNICATION
Key employee
40$195,705$32,828
CANDICE WHITEMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$195,437$32,609
PATRICK WENDOLEKDIRECTOR OF PROGRAMMING
Highest-paid employee
40$194,769$14,820
MINDY RICHBURGVP-SUPPORT & DEVELOPMENT
Highest-paid employee
40$170,205$31,569
STACIE GREENVP-RETAIL SALES/ SERVICES
Officer
40$159,863$26,154
BOBBY LANDWEHRMARKET PRESIDENT
Highest-paid employee
40$156,872$26,431
DEBORAH MCRAEVP RISK MANAGEMENT
Highest-paid employee
40$134,817$7,217
9 more people on this return
NameTitleHours / weekCompensation
WALLACE JOHNSONDIRECTOR
Trustee or director
1$0
SUZANN CULPEPPERSECRETARY
Trustee or director, Officer
1$0
HAROLD STEPLERDIRECTOR
Trustee or director
1$0
BOBBY SWANNDIRECTOR
Trustee or director
1$0
CORY DRIGGERSCHAIRMAN
Trustee or director, Officer
1$0
PAMELA SCOTTDIRECTOR
Trustee or director
1$0
WHIT HUSKEYVICE-CHAIRMAN
Trustee or director, Officer
1$0
JANICE GREENTREASURER
Trustee or director, Officer
1$0
MICHAEL FARRISDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensationOther / benefits
ROBERT A STEENSMAPRESIDENT/CEO
Officer
40$690,948$41,748
TYLER BECKSVP/COO
Officer
40$399,789$41,334
FABIO BIASELLASR VICE PRESIDENT/CMO
Officer
40$273,407$33,308
LANDON WILDESVP/CFO
Officer
40$239,574$32,940
LANCE WAGNERVP/CLO
Officer
40$219,769$35,347
MICHAEL MACHOWICZVP/CIO
Officer
40$215,840$36,157
CANDICE WHITEMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$170,527$34,005
MIKE BRIDGESVP-MARKETING/COMMUNICATION
Key employee
40$170,011$34,230
KELLIE ELDRIDGEVP-RETAIL SALES/ SERVICES
Key employee
40$167,410$30,609
BOBBY LANDWEHRDIRECTOR - COMMERCIAL LEND
Highest-paid employee
40$150,953$28,356
DEBORAH MCRAEVP RISK MANAGEMENT
Key employee
40$168,951$7,751
ANN MARIE COOKVP-MORTGAGE/BUSINESS LEND
Key employee
40$165,581$7,296
PAM PETTISDIRECTOR - HUMAN RESOURCES
Highest-paid employee
40$139,584$30,471
CHRISTOPHER LATTADIRECTOR - CONSUMER LENDIN
Highest-paid employee
40$138,232$27,906
JASON SHANKSVP, BUSINESS INTELLIGENCE
Highest-paid employee
40$128,668$24,357
WALLACE JOHNSONDIRECTOR
Trustee or director
1$0$0
SUZANN CULPEPPERSECRETARY
Trustee or director, Officer
1$0$0
HAROLD STEPLERDIRECTOR
Trustee or director
1$0$0
BOBBY SWANDIRECTOR
Trustee or director
1$0$0
CORY DRIGGERSCHAIRMAN
Trustee or director, Officer
1$0$0
PAMELA SCOTTDIRECTOR
Trustee or director
1$0$0
WHIT HUSKEYVICE-CHAIRMAN
Trustee or director, Officer
1$0$0
JANICE GREENTREASURER
Trustee or director, Officer
1$0$0
MICHAEL FARRISDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5105 MONTGOMERY HWY, DOTHAN, AL 36303-1553
In care of
% ROBERT STEENSMA
Principal officer (990 for 2024)
ROBERT A STEENSMA, 5105 MONTGOMERY HWY, DOTHAN, AL 36303
Signed the 990
ROBERT A STEENSMA, PRESIDENT/CEO
Phone
(334) 793-7714
Return prepared by
WARREN AVERETT LLC

Mission

THE CREDIT UNION IS A COOPERATIVE ASSOCIATION WHICH WAS ORGANIZED TO PROMOTE THRIFT AMONG ITS MEMBERS AS WELL AS TO PROVIDE THEM WITH A SOURCE OF CREDIT. FIVE STAR SERVES MEMBERS IN COUNTIES IN THE SOUTHEAST REGION OF ALABAMA AND IN SOUTHEAST AND SOUTHWEST GEORGIA. THE TOTAL NUMBER OF MEMBERS SERVED IS IN EXCESS OF 65,000.

990 for the year ended December 31, 2024

Program accomplishments

  • IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, FIVE STAR PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.
  • TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, FIVE STAR PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-0960142
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,190,716,101
Income (IRS master file)
$93,539,140

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$80,102,561$74,846,606$1,190,716,101IRS
990December 2023$54,121,623$41,912,042$798,518,963XML
990December 2022$44,908,248$32,751,215$748,664,965IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0960142).

Questions about FIVE STAR CREDIT UNION

What is the EIN of FIVE STAR CREDIT UNION?
The employer identification number (EIN) of FIVE STAR CREDIT UNION is 58-0960142.
Is FIVE STAR CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
Are donations to FIVE STAR CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FIVE STAR CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FIVE STAR CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIVE STAR CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FIVE STAR CREDIT UNION?
The 990 for the year ended December 31, 2024 names ROBERT A STEENSMA.
Who are the officers and directors of FIVE STAR CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 24 people; 15 received compensation from the organization, the highest $1,011,211 (TYLER BECK, VICE PRESIDENT/COO).
How much revenue does FIVE STAR CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $80,102,561, expenses of $74,846,606 and total assets of $1,190,716,101 at year end.

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