Member News

Five Star Credit Union announced that it has entered into an agreement to acquire Macon, GA-based OneSouth Bank, the banking subsidiary of OneSouth Financial, Inc. of Blakely, GA. The deal will be structured as a purchase and assumption transaction and the consideration will be all-cash. Other financial terms were not disclosed.

Upon consummation, Five Star will have total assets of approximately $950 million and will expand its footprint to 23 full-service banking locations across lower Alabama and south and middle Georgia with the addition of OneSouth Bank’s 4 offices in Macon, Blakely and Leesburg, GA.

“Five Star Credit Union and OneSouth Bank have over 140 years of combined service to members and customers in the southern parts of Alabama and Georgia. We share similar values, and our partnership will reinforce the foundation for an extraordinary community financial institution that puts our members, employees, and communities first,” said Bob Steensma, President and CEO of Five Star Credit Union. “We look forward to welcoming the OneSouth Bank team members and customers to the Five Star family.”

“OneSouth Bank and Five Star share many philosophies that will enable this agreement to be a win for all parties involved. We are pleased that our customers can look forward to expanded products and solutions while enjoying the same friendly service they’ve come to expect from OneSouth,” commented Kim Davis Wilson, President and CEO of OneSouth Bank. “It was also extremely important for us to partner with an organization that shares our commitment to supporting the communities we serve, and Five Star certainly has that reputation across its footprint.”

The transaction, which has been unanimously approved by the Board of Directors of both institutions but remains subject to customary closing conditions including the approval of OneSouth Financial, Inc.’s shareholders and the receipt of all necessary regulatory approvals, is expected to be completed by the second quarter of 2024.

  The 2021 tax season is a good time to ensure that your bank account is up to date with ​your tax preparer and the IRS. The best way to do this is to take a current check and put in the numbers at the bottom. Here is an example: 261272046:1080000(six-digit account number) You can [...]

Update from Five Star Credit Union Thursday, March 19, 2020 Here’s an update to our branches at Five Star. Effective March 20, our Camilla, Bainbridge, and Cairo branches are drive thru only. You can complete any transaction through the drive thru, the Five Star mobile app, and online banking. All of our other branches remain [...]

The calendar has flipped and here we are in the year 2020. It’s hard to believe that we are already 20 years into the 2000s. At Five Star, we want to make 2020 your year. The play on the 2020 vision is there, but with an emphasis on you. Let’s work together to get a [...]

Your money is personal. Learning to manage it correctly can be overwhelming. Five Star recognizes that your financial goals are unique. That’s why we’re offering a new, personalized learning experience to help you plan around your individual financial situation and aspirations. The best way to get started is with a quick, personal finance survey and [...]

Five Star is proud to announce that all three new locations are open. The new locations consist of two in Dothan – 231 South (3552 S. Oates Street), and Murphy Mill (2370 Murphy Mill Rd.), – and Blakely (11189 Columbia Street). Stop in to the new locations to see our Interactive Tellers (ITMs). The new [...]

Five Star members will once again have an opportunity to visit with Santa, get a picture with him, and drop off their Christmas wish list. Jolly St. Nick will make an appearance at six of our branches. Bring your camera or your phone to grab the picture. The branches will supply the refreshments. Come enjoy [...]

In 1964, eight employees of the Great Southern Paper Company chipped in $5 apiece and started Cedar Springs Federal Credit Union out of a broom closet. Cedar Springs Federal Credit Union eventually expanded in southwest Georgia and southeast Alabama and changed its name to Five Star Credit Union in 1991. Five Star has not forgotten [...]

Branch News

Here’s the latest Branch News from Five Star – The Attapulgus branch will be closing on Dec. 31, 2018. Members that use this branch should begin transitioning their transactions to the Bainbridge branch at 1027 East Shotwell Street. By reallocating resources to other branches in the area, Five Star will be able to better serve [...]

Five Star Credit Union continues to invest heavily in the Wiregrass by opening two new branches in the coming months in Dothan. The new branches are expected to open late in the first quarter of 2019. Five Star is currently under construction with two new structures – one on 231 South near the south Wal-Mart [...]

Keep Your Debit Card Safe Debit and credit card compromises continue to rise. At Five Star, your data is important. However, you can’t always control who has access to your card. It’s smart to think about your purchases and the card that you use. Here are four purchases where cards are most often compromised. Gas [...]

1 2