5 Star Community Credit Union

Overview / Commentary
100 S Cherry St
Mount Pleasant, IA 52641

5 Star Community Credit Union is headquartered in Mount Pleasant and is the 38th largest credit union in the state of Iowa. It is also the 2,611th largest credit union in the nation. It was established in 1950 and as of June of 2020, it had grown to 11 employees and 4,970 members at 2 locations. 5 Star Community Credit Union has a B health rating.

Field of Membership Restrictions

Membership eligibility requires that you reside or work inside of Henry County or one of the designated surrounding counties: Van Buren, Lee, Jefferson, Des Moines, Washington, or Louisa. This eligibility status extends to include your immediate family as well. All members are required to make an initial $25 deposit and pay a $1 membership fee.
See current membership details

Reviews (2)

Tried To Join

Posted by: |

I tried to join them. They took a couple of weeks to give me a reply. I was told that their "risk assessment department" denied me. Apparently accepting my money is too much of a risk for them. Guess that's why they're such a small bank. They treat deposits like loans.

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

Posted by: |

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

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

Health Grade Components

NCUA #64878
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD2.47%
Annual Interest Income$756.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$42.0MM$36.0MM
LoansQ2 2020vs Q2 2019$27.6MM$28.1MM
DepositsQ2 2020vs Q2 2019$38.4MM$32.5MM
Equity CapitalQ2 2020vs Q2 2019$3.5MM$3.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$270.00K$235.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$473.00K$484.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$56.00K
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5 Star Community Credit Union CD Rates

0.20%$500-12 Month CD
0.10%$500-6 Month CD
0.05%$500-3 Month CD

5 Star Community Credit Union Locations
Branch Office100 S Cherry StMount Pleasant, IA 52641
Branch Office801 W Burlington AveWest Burlington, IA 52655-1648

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