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319-385-4914
100 S Cherry St
Mount Pleasant, IA 52641

5 Star Credit Union is headquartered in Mount Pleasant and is the 47th largest credit union in the state of Iowa. It is also the 3,105th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 10 employees and 5,096 members. 5 Star Credit Union has a B health rating.

Field of Membership Restrictions

Anyone who lives or works in Henry County or it's surrounding counties (Van Buren, Lee, Jefferson, Des Moines, Washington, Louisa) and their immediate family members. - See Details

Reviews (1)

They Loan You A Umbrella And As Soon As It Starts To Rain They Want It Back

I found in fourteen years of banking with them they are unwilling to do things to help people or businesses that have helped them.  After discussing my difficulties with them to a friend who is a VP at large big city bank I found this one isnt a place to form a long term banking relationship, and if you have been with them for over a decade they treat you as if you are a new customer, and when behind your are a second class citizen



Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. 5 Star Credit Union has a low asset base.

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 5 Star Credit Union had $341,000 in non-current loans and owned real-estate with $3.17 million in equity and loan loss allowances on hand to cover it. This gives 5 Star Credit Union a Texas Ratio of 10.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for 5 Star Credit Union increased slightly from 4.83% as of March 31, 2013 to 10.76% as of March 31, 2014, resulting in a negative change of 122.71%. This indicates that the balance sheet and financial strength for 5 Star Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 5 Star Credit Union has increased its total deposits by $6.73 million, resulting in 38.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 5 Star Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 5 Star Credit Union has $27.22 million in assets with $3.17 million in equity, resulting in a capitalization level of 11.64%, which is excellent.

Institution Statistics

Overall
NCUA #64878
Year Chartered1950
Employees10
Primary Regulator
Assets and Liabilities
Assets$27.22 million
Loans$15.15 million
Deposits$24.06 million
Equity Capital$3.09 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$341,000
Real Estate Owned$0
Historic Data - March 2013
Assets$19.55 million
Equity Capital$2.13 million
Loan Loss Allowance$106,000
Unbacked Noncurrent Loans$341,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets-0.56%
Return on Equity-4.92%
Interest Income$219,000
Rates

Sorry, we do not have rate data for 5 Star Credit Union

Locations


5 Star Credit Union Locations
Branch Office100 S Cherry StMount Pleasant, IA 52641