Civic Intelligence

Five Star Credit Union

990 • Fiscal year 2017 • EIN 58-0960142

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.FIVESTARCU.COM

View Organization Page

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

42nd percentile

0.89x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

10th percentile

12.62x

Higher debt load relative to revenue than 10% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

97th percentile

$1,262,081

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Asset Growth

7th percentile

-0.3%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

8.1%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$383,486,513

Down $1,127,251 (-0.3%) from 2016

Net Assets

Up

$43,138,528

Up $5,987,545 (+16%) from 2016

Liabilities

Down

$340,347,985

Down $7,114,796 (-2.0%) from 2016

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin84th percentile

Revenue

Up

$26,969,322

Up $2,023,830 (+8.1%) from 2016

Expenses

Up

$21,030,877

Up $1,517,806 (+7.8%) from 2016

Net Income

Up

$5,938,445

Up $506,024 (+9.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

2017

Assets$383,486,513
Liabilities$340,347,985
Net Assets$43,138,528
Open 2017 Filing

Operations Trend

Revenue Growth48th percentile

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

2017

Revenue$26,969,322
Expenses$21,030,877
Net Income$5,938,445
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$26,969,323
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$238,326,267$241,810,133▲ $3,483,866
Investments in Publicly Traded Securities$48,265,967$51,904,307▲ $3,638,340
Rtn Earn Endowment Incm Other Fnds$37,150,983$43,138,528▲ $5,987,545
Savings and Temporary Cash Investments$48,695,214$32,719,498▼ $15,975,716
Land, Buildings, and Equipment, Net$13,481,887$12,165,456▼ $1,316,431
Receivables From Officers Etc-$9,677,248-
Cash and Non-Interest-Bearing Accounts$6,087,125$6,223,752▲ $136,627
Accounts Receivable$4,767,053$3,375,805▼ $1,391,248
Investments Other Securities$2,808,731$2,827,936▲ $19,205
Prepaid Expenses and Deferred Charges$898,001$839,540▼ $58,461
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$384,613,764$383,486,513▼ $1,127,251
Other Assets Total$21,283,519$21,942,838▲ $659,319
Liabilities
Other Liabilities$342,006,886$334,167,705▼ $7,839,181
Accounts Payable and Accrued Expenses$5,374,645$6,124,030▲ $749,385
Deferred Revenue$81,250$56,250▼ $25,000
Total Liabilities$347,462,781$340,347,985▼ $7,114,796
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,150,983$43,138,528▲ $5,987,545
Total Liabilities and Net Assets / Fund Balance$384,613,764$383,486,513▼ $1,127,251

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,209,068$3,681,218$11,890,286
Other Land Buildings$821,986$4,192,774$5,014,760
Land$3,134,402-$3,134,402
Other Assets Org$3,430,651--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert a SteensmaPresident/CEOFT$342,206$919,875$1,262,081
Tyler BeckSVP/COOFT$145,696$61,345$207,041
Mike Mcdonald SrSVP/CLOFT$150,636$54,742$205,378
Dale WatkinsVP/CIOFT$125,985$43,271$169,256
Randy DavisVP Business LendingFT$120,349$36,410$156,759
Deborah McraeVP Risk ManagementFT$104,935$50,288$155,223
Lance WagnerDirector Sales/lendingFT$120,409$16,725$137,134
Candice WhiteMortgage Loan OriginatorFT$116,563$15,975$132,538
Mike BridgesVP-marketing & CommunicationFT$112,917$14,797$127,714
Todd IveyVP/CFOFT$110,581$10,888$121,469

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,183,662
Investment Income
$2,193,984
Other Revenue
$10,591,676
Change in Net Assets
$5,938,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,751,215
Salaries, Compensation, and Employee Benefits$8,279,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,232,546
Current Officers, Directors, Trustees, and Key Employees---$1,965,225
Interest---$1,956,606
Depreciation Depletion---$1,287,674
Other Employee Benefits---$1,181,592
All Other Expenses---$1,041,205
Office Expenses---$1,026,821
Information Technology---$587,093
Occupancy---$551,191
Other Expenses---$509,480
Fees for Services Other---$488,739
Payroll Taxes---$486,830
Advertising---$416,136
Pension Plan Contributions---$413,469
Travel---$258,117
Insurance---$160,894
Conferences and Meetings---$103,998
Fees for Services Accounting---$68,839
Fees for Services Legal---$46,735
Total Functional Expenses$0$0$0$21,030,877
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$25,000
Total Exempt Function Spending$25,000

Section 527 Organizations

OrganizationLocationAmount
52-1681138Birmingham, AL$15,000
-Geneva, AL$7,500
-Dothan, AL$2,500
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$9,677,248-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$334,167,705
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 11B

“The 990 is reviewed by the coo 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
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Steensma
Formed
1964
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
137
Volunteers
11

Preparer

Firm
Warren Averett LLC
Address
316 SOUTH BAYLEN ST SUITE 300, PENSACOLA, FL 32502
Preparer
Jennifer C King CPA
Phone
8504357400
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 12/31/17 were for the year ended 3/31/17.”

Part XII, Financial Statements and Reporting, Line 2C

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

Raw XML AppendixShowing 400 of 611 raw XML fields

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE-CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP BUSINESS LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR SALES/LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16MORTGAGE LOAN ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP-MARKETING & COMMUNICATION
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt028499
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt028500
IRS990/GrossReceiptsAmt026969323
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0587093
IRS990/InsuranceGrp/TotalAmt0160894
IRS990/InterestGrp/TotalAmt01956606
IRS990/InvestmentIncomeGrp/ExclusionAmt02165485
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02165485
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02808731
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02827936
IRS990/InvestmentsPubTradedSecGrp/BOYAmt048265967
IRS990/InvestmentsPubTradedSecGrp/EOYAmt051904307
IRS990/IRPDocumentCnt09751
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07873992
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013481887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012165456
IRS990/LandBldgEquipCostOrOtherBssAmt020039448
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-152888
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-152888
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 35,000.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt037150983
IRS990/NetAssetsOrFundBalancesEOYAmt043138528
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028499
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028499
IRS990/NetUnrelatedBusTxblIncmAmt0-77
IRS990/NetUnrlzdGainsLossesInvstAmt049100
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0551191
IRS990/OfficeExpensesGrp/TotalAmt01026821
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021283519
IRS990/OtherAssetsTotalGrp/EOYAmt021942838
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01181592
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/TotalAmt02402819
IRS990/OtherExpensesGrp/TotalAmt11151970
IRS990/OtherExpensesGrp/TotalAmt2692898
IRS990/OtherExpensesGrp/TotalAmt3509480
IRS990/OtherLiabilitiesGrp/BOYAmt0342006886
IRS990/OtherLiabilitiesGrp/EOYAmt0334167705
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES AND SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1ATM FOREIGN FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc2LOSS ON DISPOSITION OF CIPOL
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010699351
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-106382
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010699351
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1151595
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-106382
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0151595
IRS990/OtherRevenueTotalAmt010591676
IRS990/OtherSalariesAndWagesGrp/TotalAmt04232546
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0238326267
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0241810133
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0486830
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0413469
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0898001
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0839540
IRS990/PrincipalOfficerNm0ROBERT A STEENSMA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014183662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014183662
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/PYInvestmentIncomeAmt01861276
IRS990/PYOtherExpensesAmt011718724
IRS990/PYOtherRevenueAmt09224493
IRS990/PYProgramServiceRevenueAmt013859723
IRS990/PYRevenuesLessExpensesAmt05432421
IRS990/PYSalariesCompEmpBnftPaidAmt07794347
IRS990/PYTotalExpensesAmt019513071
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt024945492
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt09677248
IRS990/ReconcilationRevenueExpnssAmt05938445
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt037150983
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt043138528
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048695214
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032719498
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt025000
IRS990ScheduleC/PoliticalExpendituresAmt025000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0521681138
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0STATE ACULAC
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1BRANDON SHOUPE CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2DONNIE CHESTEEN CAMPIAGN
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt015000
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt12500
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt27500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt022 INVERNESS PARKWAY STE 200
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt1695 SANDSTONE DRIVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt2P O BOX 39
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0BIRMINGHAM
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1DOTHAN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm2GENEVA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd1AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd2AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd035242
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd136303
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd236340
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 TWO INDIVIDUALS RUNNING FOR ALABAMA STATE AND LOCAL OFFICES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt025000
IRS990ScheduleD/BuildingsGrp/BookValueAmt08209068
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03681218
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011890286
IRS990ScheduleD/LandGrp/BookValueAmt03134402
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03134402
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01251493
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13396750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21285763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3545831
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt412000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt57475
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt624875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt73430651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NEW YORK LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5REPOSSESSED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6CORE DEPOSIT INTANGIBLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7GOODWILL
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0821986
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04192774
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05014760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0334167705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012165456
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021942838
IRS990ScheduleD/TotalLiabilityAmt0334167705
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$383,486,513
Liabilities
$340,347,985
Net assets
$43,138,528
Revenue
$26,969,322
Expenses
$21,030,877
Net income
$5,938,445
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
2017Detailed filing. Detailed filing data is available for this year.$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