Five Star Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Five Star Credit Union is a 501(c)(14) organization based in Dothan, Alabama, registered in 1971, with $80,102,561 in FY2024 revenue. CharityIndex grades it A.
5105 Montgomery Hwy, Dothan, AL, 36303 EIN 58-0960142 Since 1971
Revenue (FY2024)
$80.1M
▲ 48.0% vs prior year
Expenses (FY2024)
$74.8M
Net assets
$80.9M
Employees
269
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Five Star Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Five Star Credit Union: 13 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Five Star Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Five Star Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The credit union provides financial products and services to its members.
What they do
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.
Contact & location
Financial trends
Revenue grew from $15.9M (FY2013) to $80.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $80.9M
Operating margin
6.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.1B
Net assets
$80.9M
Salaries & benefits
$20.9M
28% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,102,561▲48.0% | $74,846,606▲78.6% | $80,916,472▲7.1% | $1,190,716,101▲49.1% | 990 |
| 2023 | $54,121,623▲20.5% | $41,912,042▲28.0% | $75,519,470▲18.6% | $798,518,963▲6.7% | 990 |
| 2022 | $44,908,248▲18.2% | $32,751,215▲17.9% | $63,687,617▼15.2% | $748,664,965▲13.3% | 990 |
| 2021 | $37,991,386▲13.1% | $27,776,849▲4.2% | $75,078,555▲8.8% | $661,046,497▲18.7% | 990 |
| 2020 | $33,601,064 | $26,653,983▲6.4% | $68,974,348▲14.1% | $557,122,826▲20.3% | 990 |
| 2019 | $33,606,623▲14.6% | $25,039,310▲12.2% | $60,427,664▲21.0% | $463,275,656▲6.6% | 990 |
| 2018 | $29,317,856▲8.7% | $22,310,986▲6.1% | $49,935,737▲15.8% | $434,524,436▲13.3% | 990 |
| 2017 | $26,969,322▲8.1% | $21,030,877▲7.8% | $43,138,528▲16.1% | $383,486,513▼0.3% | 990 |
| 2016 | $24,945,492▲8.9% | $19,513,071▲4.6% | $37,150,983▲14.8% | $384,613,764▲5.1% | 990 |
| 2015 | $22,908,737▲24.8% | $18,653,858▲29.1% | $32,349,804▲14.4% | $365,830,803▲15.2% | 990 |
| 2014 | $18,354,418▲15.8% | $14,445,868▲12.5% | $28,283,288▲19.4% | $317,649,991▲25.3% | 990 |
| 2013 | $15,855,647 | $12,839,068▲2.2% | $23,695,007▲9.8% | $253,484,056▲0.7% | 990 |
| 2012 | — | $12,557,226▲30.2% | $21,587,483▲13.2% | $251,608,110▲37.1% | 990 |
| 2011 | — | $9,647,711▼24.5% | $19,076,179▲20.8% | $183,531,146▲5.7% | 990 |
| 2010 | — | $12,778,550 | $15,786,765 | $173,707,519 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Tyler Beck — $1,011,211 (1.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tyler Beck | Vice President/coo | 40 | $1,011,211 |
| Robert A Steensma | President/ceo | 40 | $918,126 |
| Landon Wildes | Vp/cfo | 40 | $360,215 |
| Lance Wagner | Vp/clo | 40 | $339,752 |
| Fabio Biasella | Sr Vice President/cmo | 40 | $339,397 |
| Michael Machowicz | Vp/cio | 40 | $318,816 |
| Kellie Eldridge | Vp-human Resources | 40 | $260,527 |
| Ann Marie Cook | Vp-credit Admin | 40 | $247,741 |
| Mike Bridges | Vp-marketing/communication | 40 | $195,705 |
| Candice White | Mortgage Loan Originator | 40 | $195,437 |
| Patrick Wendolek | Director of Programming | 40 | $194,769 |
| Mindy Richburg | Vp-support & Development | 40 | $170,205 |
| Stacie Green | Vp-retail Sales/ Services | 40 | $159,863 |
| Bobby Landwehr | Market President | 40 | $156,872 |
| Deborah Mcrae | Vp Risk Management | 40 | $134,817 |
| Bobby Swann | Director | 1 | — |
| Cory Driggers | Chairman | 1 | — |
| Harold Stepler | Director | 1 | — |
| Janice Green | Treasurer | 1 | — |
| Michael Farris | Director | 1 | — |
Grants made · $269K in FY2024
1 grant totaling $269K in FY2024. All grants made by Five Star Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Five Star Credit Union Foundation | Continued funding of foundation | $268,824 |
Frequently asked questions
- Is Five Star Credit Union a legitimate nonprofit?
- Yes. Five Star Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 58-0960142, based in Dothan, Alabama.
- What is Five Star Credit Union's EIN?
- Five Star Credit Union's Employer Identification Number (EIN) is 58-0960142.
- How much revenue does Five Star Credit Union report?
- Five Star Credit Union reported $80,102,561 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Five Star Credit Union have?
- CharityIndex grades Five Star Credit Union A, based on financial health (reserves and operating margin).
- How much does Five Star Credit Union's highest-paid employee make?
- The highest reported compensation on Five Star Credit Union's latest Form 990 is $1,011,211, paid to Tyler Beck (Vice President/coo).
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Data for Five Star Credit Union (EIN 58-0960142) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.