Civic Intelligence

Five Star Credit Union

990 • Fiscal year 2014 • EIN 58-0960142

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

411 N Foster StreetDothan, AL 36302

(334) 793-7714

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.91x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

15.77x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

76th percentile

$510,202

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

97th percentile

25%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

16%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$317,649,991

Up $64,165,935 (+25%) from 2013

Net Assets

Up

$28,283,288

Up $4,588,281 (+19%) from 2013

Liabilities

Up

$289,366,703

Up $59,577,654 (+26%) from 2013

Revenue

Up

$18,354,418

Up $2,498,771 (+16%) from 2013

Expenses

Up

$14,445,868

Up $1,606,800 (+13%) from 2013

Net Income

Up

$3,908,550

Up $891,971 (+30%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2010: $173,707,519Liabilities 2010: $157,920,754Net Assets 2010: $15,786,7652010Assets 2011: $183,531,146Liabilities 2011: $164,454,967Net Assets 2011: $19,076,1792011Assets 2012: $251,608,110Liabilities 2012: $230,020,627Net Assets 2012: $21,587,4832012Assets 2013: $253,484,056Liabilities 2013: $229,789,049Net Assets 2013: $23,695,0072013Assets 2014: $317,649,991Liabilities 2014: $289,366,703Net Assets 2014: $28,283,2882014Assets 2015: $365,830,803Liabilities 2015: $333,480,999Net Assets 2015: $32,349,8042015Assets 2016: $384,613,764Liabilities 2016: $347,462,781Net Assets 2016: $37,150,9832016Assets 2017: $383,486,513Liabilities 2017: $340,347,985Net Assets 2017: $43,138,5282017Assets 2018: $434,524,436Liabilities 2018: $384,588,699Net Assets 2018: $49,935,7372018Assets 2019: $463,275,656Liabilities 2019: $402,847,992Net Assets 2019: $60,427,6642019Assets 2020: $557,122,826Liabilities 2020: $488,148,478Net Assets 2020: $68,974,3482020Assets 2021: $661,046,497Liabilities 2021: $585,967,942Net Assets 2021: $75,078,5552021Assets 2022: $748,664,965Liabilities 2022: $684,977,348Net Assets 2022: $63,687,6172022Assets 2023: $798,518,963Liabilities 2023: $722,999,493Net Assets 2023: $75,519,4702023Assets 2024: $1,190,716,101Liabilities 2024: $1,109,799,629Net Assets 2024: $80,916,4722024

Highlighted filing

2014

Assets$317,649,991
Liabilities$289,366,703
Net Assets$28,283,288

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2010: $12,778,5502010Expenses 2011: $9,647,7112011Revenue 2012: $14,646,092Expenses 2012: $12,557,226Net Income 2012: $2,088,8662012Revenue 2013: $15,855,647Expenses 2013: $12,839,068Net Income 2013: $3,016,5792013Revenue 2014: $18,354,418Expenses 2014: $14,445,868Net Income 2014: $3,908,5502014Revenue 2015: $22,908,737Expenses 2015: $18,653,858Net Income 2015: $4,254,8792015Revenue 2016: $24,945,492Expenses 2016: $19,513,071Net Income 2016: $5,432,4212016Revenue 2017: $26,969,322Expenses 2017: $21,030,877Net Income 2017: $5,938,4452017Revenue 2018: $29,317,856Expenses 2018: $22,310,986Net Income 2018: $7,006,8702018Revenue 2019: $33,606,623Expenses 2019: $25,039,310Net Income 2019: $8,567,3132019Revenue 2020: $33,601,064Expenses 2020: $26,653,983Net Income 2020: $6,947,0812020Revenue 2021: $37,991,386Expenses 2021: $27,776,849Net Income 2021: $10,214,5372021Revenue 2022: $44,908,248Expenses 2022: $32,751,215Net Income 2022: $12,157,0332022Revenue 2023: $54,121,623Expenses 2023: $41,912,042Net Income 2023: $12,209,5812023Revenue 2024: $80,102,561Expenses 2024: $74,846,606Net Income 2024: $5,255,9552024

Highlighted filing

2014

Revenue$18,354,418
Expenses$14,445,868
Net Income$3,908,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$30,032,266
Mission and Program Overview

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 georgia. The total number of members served is in excess of 35,000.

The credit union provides financial products and services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$142,304,666$193,875,802▲ $51,571,136
Investments in Publicly Traded Securities$51,101,633$45,326,552▼ $5,775,081
Rtn Earn Endowment Incm Other Fnds$23,695,007$28,283,288▲ $4,588,281
Savings and Temporary Cash Investments$13,274,174$20,288,325▲ $7,014,151
Land, Buildings, and Equipment, Net$12,652,597$14,227,559▲ $1,574,962
Accounts Receivable$3,134,493$12,197,069▲ $9,062,576
Investments Other Securities$8,662,694$5,360,585▼ $3,302,109
Cash and Non-Interest-Bearing Accounts$2,877,359$4,068,460▲ $1,191,101
Prepaid Expenses and Deferred Charges$571,694$843,079▲ $271,385
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$253,484,056$317,649,991▲ $64,165,935
Other Assets Total$18,904,746$21,462,560▲ $2,557,814
Liabilities
Other Liabilities$226,492,644$265,571,285▲ $39,078,641
Mortgage Notes Payable Secured by Investment Property-$20,000,000-
Accounts Payable and Accrued Expenses$3,296,405$3,795,418▲ $499,013
Total Liabilities$229,789,049$289,366,703▲ $59,577,654
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,695,007$28,283,288▲ $4,588,281
Total Liabilities and Net Assets / Fund Balance$253,484,056$317,649,991▲ $64,165,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,049,855$1,026,313$10,076,168
Other Land Buildings$1,778,731$2,005,847$3,784,578
Land$3,398,973-$3,398,973
Other Assets Org$3,430,651--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert a SteensmaPresident/CEOFT$240,000$270,202$510,202
Tyler BeckVice-president/CFOFT$125,516$18,599$144,115
Randy DavisVP Business LendingFT$125,968$10,303$136,271
Deborah McraeVP Member ServicesFT$110,030$17,904$127,934
Janice MillerVP Operations - Se GaFT$101,428$9,595$111,023

Board Members and Trustees

NameTitle
Wallace JohnsonChairman
Harold SteplerDirector
Pamela ScottDirector
Suzann CulpepperDirector
Gary ManzSecretary
Janice GreenTreasurer
Odis BuxtonVice-chariman
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,215,558
Investment Income
$1,701,911
Other Revenue
$6,436,949
Change in Net Assets
$3,908,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,437,434
Salaries, Compensation, and Employee Benefits$6,008,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,258,727
Interest---$1,698,130
Depreciation Depletion---$1,213,154
Office Expenses---$1,001,291
Current Officers, Directors, Trustees, and Key Employees---$654,317
Fees for Services Other---$624,980
Other Employee Benefits---$515,745
All Other Expenses---$475,907
Occupancy---$459,425
Advertising---$417,776
Payroll Taxes---$357,115
Pension Plan Contributions---$222,530
Other Expenses---$196,611
Travel---$155,633
Fees for Services Legal---$102,219
Fees for Services Accounting---$101,311
Insurance---$98,227
Conferences and Meetings---$85,049
Total Functional Expenses$0$0$0$14,445,868
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$20,000
Total Exempt Function Spending$20,000

Section 527 Organizations

OrganizationLocationAmount
52-1681138Birmingham, AL$12,000
-Dothan, AL$2,500
-Ozark, AL$2,500
-Geneva, AL$1,500
-Newville, AL$1,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$265,571,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is owned by its members.

Form 990, Part VI, Section A, Line 7A

Board members are elected by a vote of the general membership. Board members are elected for a three-year term. The term expirations alternate so that only two or three board members are up for reelection each year. The membership is notified of the election through notices in the branches and through mailed ballots. An independent teller service is hired to tabulate the results.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the cfo and ceo prior to filing.

Form 990, Part VI, Section B, Line 12C

Compliance with the conflict of interest policy is monitored by the human resources manager.

Form 990, Part VI, Section B, Line 15

The board reviews and approves the ceo's compensation. Other management and key employees are graded using the compease salary administration plan matrix. The salary matrix for employees is reviewed each november based on current trends. The matrix is effective for the following calendar year. An employee's appraisal score correlates with the matrix to determine the increase. If there are any requests outside the matrix, the ceo must approve the request.

Form 990, Part VI, Section C, Line 19

The credit union's financial statements are posted in each of the branches monthly for members to review. Governing documents and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Five Star Credit Union
EIN
58-0960142
Phone
3347937714
Address
411 N FOSTER STREET, DOTHAN, AL 36302

Signing Officer

Name
Robert a Steensma
Title
President/CEO
Phone
3347937714
Signed
2015-11-09

Organization Details

Principal Officer
Robert a Steensma
Formed
1964
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
112
Volunteers
10

Preparer

Firm
Hutto & Carver Pa
Address
200 E GOVERNMENT ST STE 110, PENSACOLA, FL 32502
Preparer
Harold S Hutto Jr CPA
Phone
8504385299
Supplemental Narrative

Additional Explanations

Part XII, Financial Statements and Reporting, Line 2B

The credit union receives an annual financial statement audit performed by independent accountants. However, the audit period is from april 1st to march 31st. The most recent audited financials as of 12/31/13 were for year ended 3/31/13.

Part XII, Financial Statements and Reporting, Line 2B

The credit union did not change its oversight process or selection process during the tax year.

Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-314457
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-314457
IRS990/MissionDesc0THE 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 GEORGIA. THE TOTAL NUMBER OF MEMBERS SERVED IS IN EXCESS OF 24,000.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020000000
IRS990/NetAssetsOrFundBalancesBOYAmt023695007
IRS990/NetAssetsOrFundBalancesEOYAmt028283288
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt050012
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt050012
IRS990/NetUnrelatedBusTxblIncmAmt0-19333
IRS990/NetUnrlzdGainsLossesInvstAmt0679731
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0459425
IRS990/OfficeExpensesGrp/TotalAmt01001291
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018904746
IRS990/OtherAssetsTotalGrp/EOYAmt021462560
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0515745
IRS990/OtherExpensesGrp/Desc0ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/TotalAmt01204428
IRS990/OtherExpensesGrp/TotalAmt1349937
IRS990/OtherExpensesGrp/TotalAmt2253356
IRS990/OtherExpensesGrp/TotalAmt3196611
IRS990/OtherLiabilitiesGrp/BOYAmt0226492644
IRS990/OtherLiabilitiesGrp/EOYAmt0265571285
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES AND SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1ATM FOREIGN FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc2NONOPERATING INCOME (EXPENSE)
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06713650
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-60387
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06713650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt198143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-60387
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt098143
IRS990/OtherRevenueTotalAmt06436949
IRS990/OtherSalariesAndWagesGrp/TotalAmt04258727
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0142304666
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0193875802
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0357115
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0222530
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0571694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0843079
IRS990/PrincipalOfficerNm0ROBERT A STEENSMA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010215558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010215558
IRS990/ProgSrvcAccomActy2Grp/Desc0TO 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.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01368580
IRS990/PYOtherExpensesAmt07745531
IRS990/PYOtherRevenueAmt05617277
IRS990/PYProgramServiceRevenueAmt08869790
IRS990/PYRevenuesLessExpensesAmt03016579
IRS990/PYSalariesCompEmpBnftPaidAmt05093537
IRS990/PYTotalExpensesAmt012839068
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015855647
IRS990/ReconcilationRevenueExpnssAmt03908550
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023695007
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028283288
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013274174
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020288325
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt020000
IRS990ScheduleC/PoliticalExpendituresAmt020000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0521681138
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0STATE ACULAC
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1PAUL LEE CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2DONNIE CHESTEEN CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt3STEVE CLOUSE CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt4DEXTER GRIMSLEY CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt012000
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt12500
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt21500
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt32500
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt41500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt022 INVERNESS PARKWAY STE 200
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt12319 EDDINS ROAD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt2PO BOX 206
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt3PO BOX 818
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt4168 REM DRIVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0BIRMINGHAM
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1DOTHAN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm2GENEVA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm3OZARK
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm4NEWVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd1AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd2AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd3AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd4AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd035242
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd136301
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd236340
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd336361
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd436353
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ACULAC IS THE POLITICAL ACTION COMMITTEE FOR THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS, OUR STATE TRADE ASSOCIATION. FUNDS ARE USED TO SUPPORT POLITICAL CANDIDATES AND PARTIES AT THE STATE LEVEL. AMONG THOSE ELIGIBLE TO RECEIVE SUPPORT FROM ACULAC ARE CANDIDATES FOR THE ALABAMA HOUSE OF REPRESENTATIVES, ALABAMA SENATE, GOVERNOR, LT. GOVERNOR, ATTORNEY GENERAL, SECRETARY OF STATE, STATE TREASURER, STATE PARTY COMMITTEES, LEADERSHIP PACS (WHERE APPLICABLE) AND LOCAL RACES. FIVE STAR ALSO DONATED FUNDS TO THE POLITICAL CAMPAIGNS FOR FOUR INDIVIDUALS RUNNING FOR ALABAMA STATE OFFICE.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt020000
IRS990ScheduleD/BuildingsGrp/BookValueAmt09049855
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01026313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010076168
IRS990ScheduleD/LandGrp/BookValueAmt03398973
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03398973
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0887355
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12443105
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21111025
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3365500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt443816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt512356239
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6508251
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7117149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8104200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt995269
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt103430651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PSCU DEBIT CARD SETTLEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NEW YORK LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6VISA DEBIT CARD SETTLEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7REPOSSESSED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8VISA CREDIT CARD SETTLEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9CORE DEPOSIT INTANGIBLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc10GOODWILL
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01778731
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02005847
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03784578
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0265571285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014227559
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021462560
IRS990ScheduleD/TotalLiabilityAmt0265571285
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0240000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount061816
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0195120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013266
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT A STEENSMA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0510202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS A 457(F) NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT FOR ROBERT A. STEENSMA. THE PLAN WAS DESIGNED TO PROVIDE BENEFITS TO THE COVERED EMPLOYEE BEGINNING IN 2012. MR. STEENSMA WILL RECEIVE A PAYOUT FROM THE PLAN EVERY FIVE YEARS FROM 2012 THROUGH 2032 WHEN HE REACHES THE AGE OF 65. IF HE BECOMES DISABLED OR DECEASED DURING THIS PERIOD, HIS BENEFICIARY WILL RECEIVE THE CURRENT CYCLE PAYOUT.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,191$1,110$80.9$80.1$74.8$5.26
2023Summary only. Only limited summary data is available for this year.$799$723$75.5$54.1$41.9$12.2
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$749$685$63.7$44.9$32.8$12.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$661$586$75.1$38.0$27.8$10.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$557$488$69.0$33.6$26.7$6.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$463$403$60.4$33.6$25.0$8.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$435$385$49.9$29.3$22.3$7.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$383$340$43.1$27.0$21.0$5.94
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$385$347$37.2$24.9$19.5$5.43
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$366$333$32.3$22.9$18.7$4.25
2014Detailed filing. Detailed filing data is available for this year.$318$289$28.3$18.4$14.4$3.91
2013Detailed filing. Detailed filing data is available for this year.$253$230$23.7$15.9$12.8$3.02
2012Summary only. Only limited summary data is available for this year.$252$230$21.6$14.6$12.6$2.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$184$164$19.1$9.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$158$15.8$12.8