5 Star Credit Union is headquartered in Mount Pleasant and is the 45th largest credit union in the state of Iowa. It is also the 3,017th largest credit union in the nation. It was established in 1950 and as of December of 2015, it had grown to 10 employees and 4,867 members at 2 locations. 5 Star Credit Union has a B health rating.
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 Details
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.
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
|Return on Assets - YTD||0.08%|
|Return on Equity - YTD||0.71%|
|Annual Interest Income||$1,000.00K|
|Assets and Liabilities|
|Assets||Q4 2015vs Q4 2014||$27.9MM$27.2MM|
|Loans||Q4 2015vs Q4 2014||$19.4MM$16.6MM|
|Deposits||Q4 2015vs Q4 2014||$24.8MM$24.2MM|
|Equity Capital||Q4 2015vs Q4 2014||$3.0MM$3.0MM|
|Loan Loss Allowance||Q4 2015vs Q4 2014||$248.00K$177.00K|
|Unbacked Noncurrent Loans||Q4 2015vs Q4 2014||$344.00K$114.00K|
|Real Estate Owned||Q4 2015vs Q4 2014||$55.00K$69.00K|
Always verify rates and promotions with the bank or credit union. We are not 5 Star Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.40%||$500||-||18 Month CD|
|0.38%||$500||-||12 Month CD|
|0.27%||$500||-||6 Month CD|
|0.20%||$500||-||3 Month CD|
|5 Star Credit Union Locations|
|Branch Office||100 S Cherry St||Mount Pleasant, IA 52641|
|Branch Office||801 W Burlington Ave||West Burlington, IA 52655-1648|