2023-11-15T12:10:21-06:00 2022-12-31 FORVIS LLP 201 N Illinois Street INDIANAPOLIS IN 46204 990 2022-01-01 350928620 Financial Center First Credit Union % RYAN W COOK FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 RYAN W COOK EVP OF FINANCE OPERA 3179166233 2023-11-15 true RYAN W COOK 999009999 MICHAEL J SUMMERS P00838533 3173834000 2023-11-15 3 2022 2023-04-26 12:10:37Z RYAN W COOK 7101 E 56TH ST INDIANAPOLIS IN 46226 43212154 false X WWW.FCFCU.COM X 2015 IN FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE THE FINANCIAL LIVES OF ITS MEMBERS. 10 2 405 25 182452 0 0 0 38074806 43212154 79623 -245454 0 0 38154429 42966700 32286 155774 0 0 15716010 15710950 0 0 0 18012704 22206276 33761000 38073000 4393429 4893700 817315000 839916000 731337334 755273634 85977666 84642366 X FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE THE FINANCIAL LIVES OF ITS MEMBERS. false false FINANCIAL CENTER FIRST CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS 78,251 MEMBERS. false false true false false false false false false true true false false true false false true false false false false false false false false false true false true false true false false false false false false false false true false false false true 38046 0 true 405 true true true false false false false false true false X 10 2 true false false false true true true true true false true true true true true true true true true true false IN X RYAN W COOK 3179166233 7101 E 56TH ST INDIANAPOLIS IN 46226 JAMES RYAN END 114 CEO/PRESIDENT 40.0 5.0 X 1591673 0 3213 CAMERON MINGES CEO/PRESIDENT 40.0 0.0 X 320297 0 10347 MICHAEL NELSON END 1231 CHIEF FINANCIAL OFFICER 40.0 0.0 X 252358 0 11343 BRIAN WILSON VP OF FINANCE 40.0 0.0 X 228983 0 3393 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 40.0 0.0 X 212766 0 10053 CARL BRITTON VP OF LENDING 40.0 0.0 X 194495 0 16420 AMBER CASHMAN AVP OF CENTRALIZED SALES 40.0 0.0 X 200956 0 7293 EDWARD VALASEK END 1031 CHIEF INFORMATION OFFICER 40.0 0.0 X 182679 0 9957 FRANCES TOOLEY CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 146539 0 18234 JEFFERY LEVERENZ ACCOUNT VP INDIRECT PROGRAM 40.0 0.0 X 151621 0 11736 BILLY WELLS END 63 COO 40.0 0.0 X 153610 0 4026 DIANNA MILLER VP OF ACCOUNTING 40.0 0.0 X 131698 0 18363 JAMES NORTON VP OF STRATEGIC DEVELOPMENT 40.0 0.0 X 135626 0 9058 SHERRY SIGLER VP OF RETAIL OPERATIONS 40.0 0.0 X 127537 0 15825 CHRISTINE STEFANI VP OF HR 40.0 0.0 X 120793 0 14472 JOAN KERULIS DIR INT AUDIT 40.0 0.0 X 119436 0 10721 DUSTY SIMMONS CHIEF STRATEGY OFFICER 40.0 0.0 X 120905 0 9117 JAMES DAVIDSON BEG 81 VP OF FINANCIAL WELLNESS 40.0 0.0 X 118477 0 10225 ALEXANDER HALL INFRASTRUCTURE MANAGER 40.0 0.0 X 118280 0 8367 JAMES RYAN JR END 21 VP OF RELATIONSHIP MANAGEMENT 40.0 0.0 X 111463 0 3260 MARLA TACKETT END 630 VP OF STRATEGIC DEVELOPMENT 40.0 0.0 X 83486 0 2954 AARON MATTHEW ALSUP BEG 727 VP OF ERM 40.0 0.0 X 62704 0 2926 MATTHEW DANIELS EVP FINANCE OPERATIONS 40.0 0.0 X 59776 0 0 CHRISTOPHER SIBILA END 1212 SVP INFORMATION TECHNOLOGY 40.0 0.0 X 29427 0 0 LARRY MARCUM CHAIRPERSON 5.0 0.0 X 18000 0 0 JR KENEIPP FIRST CHAIRMAN 5.0 0.0 X 12000 0 0 JAMES BENOIT DIRECTOR 5.0 0.0 X 12000 0 0 JASON PICKETT SECRETARY 5.0 0.0 X 12000 0 0 JEANINE LUGO DIRECTOR 5.0 0.0 X 12000 0 0 JEFFERY GEORGE DIRECTOR 5.0 0.0 X 12000 0 0 THOMAS SPAHR SECOND VICE CHAIRMAN 5.0 0.0 X 12000 0 0 WILLIAM STEVENS DIRECTOR 5.0 0.0 X 12000 0 0 BRYAN FLUKE BEG 517 DIRECTOR 5.0 0.0 X 8000 0 0 CLAUDIA FLUENTES BEG 517 DIRECTOR 5.0 0.0 X 8000 0 0 CINDY LORENTSON COOK END 517 DIRECTOR 5.0 0.0 X 6000 0 0 RAYMOND BATTEY END 517 TREASURER 5.0 0.0 X 6000 0 0 4993585 0 211303 29 false true false FISERV PO BOX 934057 ATLANTA GA 311934057 DATA PROCESSING 1197077 SWBC AP ACCOUNT SERVICES LLC PO BOX 7950 SAN ANTONIO TX 78279 COLLECTION SERVICES 1016041 DEI INCORPORATED 1550 KEMPER MEADOW DR CINCINNATI OH 45240 CONTRACTOR-BUILDER 744350 QSI INC 107 SCHULER DR BARDSTOWN KY 40004 GOODS & SERVICES 712773 TRACE3 PO BOX 847467 LOS ANGELES CA 900847467 SOFTWARE & SERVICE 610762 25 0 FEES AND OTHER CHARGES 522100 3934719 3885654 49065 INTERCHANGE INCOME 522100 3574882 3574882 INSURANCE COMMISSIONS 524298 208000 208000 INTEREST INCOME 522100 32213305 32213305 INVESTMENT SERVICE FEES 522100 245319 233053 12266 3035929 2914808 121121 43212154 0 0 0 0 0 0 0 0 245454 -245454 -245454 -245454 0 0 0 0 0 0 0 0 0 0 42966700 42784248 182452 155774 0 0 0 4413795 0 8444711 326285 1594516 931643 0 470447 151078 0 0 0 0 874855 3310752 2617780 0 1271220 435364 0 0 4055361 0 2028527 0 CREDIT CARD PROCESSING 397188 COLLECTION AND LOAN EXPENSES 549401 BAD DEBT EXPENSE 3025592 OTHER 3018711 38073000 7463255 5671911 114061644 41204082 0 0 2349311 2798216 0 0 0 0 619278698 675063658 0 0 1761377 2071132 29179435 17951097 11458436 11228338 0 0 44309286 85508345 0 0 793457 726316 15839536 15644002 817315000 839916000 5145395 8901928 0 0 0 0 0 0 0 0 0 0 0 0 0 0 726191939 746371706 731337334 755273634 X 0 0 0 0 85977666 84642366 85977666 84642366 817315000 839916000 4893700 -6229000 X false true X true false 11442 11442 11442 false GREATER LAWRENCE CHAMBER OF COMMERCE 6501 SUNNYSIDE RD SUITE A216 INDIANAPOLIS IN 46236 351620533 2859 ASPIRE JOHNSON CO CHAMBER OF COMMERCE 1499 WINDHORST WAY SUITE 160 GREENWOOD IN 46143 351832901 875 MUNCIE-DELAWARE COUNTY CHAMBER OF CO 401 S HIGH ST MUNCIE IN 47305 350534380 1698 GREATER KOKOMO ECONOMIC DEVELOPMENT 700 E FIRMIN ST 200 KOKOMO IN 46902 351499686 3075 NEW CASTLE-HENRY COUNTY CHAMBER OF CO 100 S MAIN ST STE 108 NEW CASTLE IN 47362 350544580 15 INDIANA CHAMBER OF COMMERCE 115 WEST WASHINGTON ST SUITE 850S INDIANAPOLIS IN 46204 350411610 2920 SCHEDULE C, PART I-C, LINE 2 DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $2,859 TO THE GREATER LAWRENCE CHAMBER OF COMMERCE; $875 TO ASPIRE JOHNSON COUNTY CHAMBER OF COMMERCE; $3,075 TO THE GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE, INC.; $1,698 TO THE MUNCIE-DELAWARE COUNTY CHAMBER OF COMMERCE; $2,920 TO THE INDIANA CHAMBER OF COMMERCE; $15 TO THE NEW CASTLE-HENRY COUNTY CHAMBER OF COMMERCE. 1326554 1326554 9261219 5044946 4216273 1455136 993474 461662 16326830 11912677 4414153 809696 809696 11228338 INVESTMENT IN SUBSIDIARY 658142 FHLB STOCK 1580900 AFS SECURITIES 77025823 MISCELLANEOUS SECURITIES 6243480 85508345 0 FIXED BORROWINGS FHLB 18000000 SHARES 728371706 746371706 36737700 -6229000 -6229000 42966700 42966700 38073000 38073000 38073000 SCHEDULE D, PART X ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true BALL STATE UNIVERSITY FOUNDATION 2800 W BETHEL AVE MUNCIE IN 47304 356024566 501(C)(3) 113334 GENERAL OPERATING SUPPORT INDIANA MILITARY VETERANS HALL OF FAME INC PO BOX 269098 INDIANAPOLIS IN 46226 800930419 501(C)(3) 10100 GENERAL OPERATING SUPPORT 2 SCHEDULE I, PART I, LINE 2 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: FINANCIAL CENTER FIRST CREDIT UNION PROVIDES GENERAL SUPPORT TO SECTION 501(C)(3) TAX EXEMPT ORGANIZATIONS AND VERIFIES THE ORGANIZATIONS STATUS USING THE GUIDESTAR WEBSITE. X true true X X X true true false FRANCES TOOLEY CHIEF DEVELOPMENT OFFICER 131425 0 11837 0 3277 0 5815 0 12419 0 164773 0 0 0 BRIAN WILSON VP OF FINANCE 150702 0 8334 0 69947 0 1989 0 1404 0 232376 0 0 0 CAMERON MINGES CEO/PRESIDENT 283668 0 17807 0 18822 0 10347 0 0 0 330644 0 0 0 CARL BRITTON VP OF LENDING 170078 0 23150 0 1267 0 6957 0 9463 0 210915 0 0 0 EDWARD VALASEK END 1031 CHIEF INFORMATION OFFICER 169145 0 12223 0 1311 0 5568 0 4389 0 192636 0 0 0 JAMES RYAN END 114 CEO/PRESIDENT 812792 0 25727 0 753154 0 2636 0 577 0 1594886 0 750000 0 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 185043 0 26079 0 1644 0 6925 0 3128 0 222819 0 0 0 MICHAEL NELSON END 1231 CHIEF FINANCIAL OFFICER 220143 0 15399 0 16816 0 6466 0 4877 0 263701 0 0 0 DIANNA MILLER VP OF ACCOUNTING 109102 0 19799 0 2797 0 4622 0 13741 0 150061 0 0 0 BILLY WELLS END 63 COO 133251 0 20100 0 259 0 3329 0 697 0 157636 0 0 0 AMBER CASHMAN AVP OF CENTRALIZED SALES 133622 0 66660 0 674 0 2838 0 4455 0 208249 0 0 0 JEFFERY LEVERENZ ACCOUNT VP INDIRECT PROGRAM 94749 0 54451 0 2421 0 4370 0 7366 0 163357 0 0 0 SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS AND PRESIDENT/CEO SPOUSES/SIGNIFICANT OTHERS ARE ALLOWED TO TRAVEL WITH BOARD. SPOUSAL AIRFARE/REGISTRATION WAS REPORTED ON FORM 1099-MISC IF MINIMUM REPORTING THRESHOLD MET. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE TO CERTAIN PERSONS INCLUDED IN PART VII, SECTION A, LINE 1A AND HAVE BEEN INCLUDED IN SCHEDULE J COLUMN (B)(III) FOR OTHER REPORTABLE COMPENSATION. THE FOLLOWING RECEIVED THE SEVERANCE PAYMENTSS FOR THE DISCLOSED AMOUNTS: JAMES RYAN JR. $34,476 BRIAN WILSON $68,845 SCHEDULE J, PART I, LINE 4B JAMES RYAN (CEO) IS FULLY VESTED IN A SPLIT-DOLLAR RETIREMENT PLAN. CAMERON MINGES (EVP) AND MICHAEL NELSON (CFO) ARE 0% VESTED IN THEIR SPLIT-DOLLAR PLANS. NO PARTIAL OR FULL VESTING FOR MINGES AND NELSON WILL OCCUR UNTIL 2025. JAMES RYAN (CEO) ALSO PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS DURING THE CURRENT YEAR. THERE WAS A DISTRIBUTION OF $750,000 FROM THE PLAN DURING THE CURRENT YEAR. JAMES RYAN CEO EXECUTIVE RETENTION X 3039002 3203269 false true true CAMERON MINGES PRESIDENT EXECUTIVE RETENTION X 1787823 1902390 false true true MICHAEL NELSON CFO EXECUTIVE RETENTION X 1220469 1298116 false true true 6403775 FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIP WITH OTHER OFFICER: JAMES RYAN AND JAMES RYAN JR. HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: THERE IS ONE CLASS OF MEMBERS. EACH ELIGIBLE MEMBER RECEIVES A VOTE TO ELECT THE BOARD OF DIRECTORS. THERE WERE 78,251 CREDIT UNION MEMBERS IN 2022. FORM 990, PART VI, SECTION A, LINE 7A WHO CAN ELECT MEMBERS OF THE GOVERNING BODY: ALL ELECTIONS OF BOARD MEMBERS ARE DETERMINED BY PLURALITY VOTE. IRRESPECTIVE OF THE NUMBER OF SHARES, NO MEMBER HAS MORE THAN ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS: REGULATORY ITEMS SUCH AS CHANGES TO THE CREDIT UNION CHARTER AND MERGERS ARE SUBJECT TO APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND VP OF FINANCE AND IS SHARED WITH THE BOARD PRIOR TO BEING FILED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: CONFLICT OF INTEREST QUESTIONNAIRES ARE ANNUALLY OBTAINED AND REVIEWED WITH ALL MEMBERS OF THE BOARD OF DIRECTORS, SENIOR EXECUTIVE MANAGEMENT, AND VICE PRESIDENTS. ALL PERSONS IN THESE JOB CLASSIFICATIONS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM WITH REGARD TO ACCOUNTS HELD, ACTIVE LOANS, AND ANY ADDITIONAL OUTSIDE OCCUPATIONS. THESE DOCUMENTS ARE SUBMITTED FOR REVIEW. POLICY INCLUDES STEPS TO AVOID CONFLICT OF INTEREST AND IF CHANGES OCCUR REGARDING POTENTIAL CONFLICTS OF INTEREST, IT IS THE RESPONSIBILITY OF THE DIRECTOR, COMMITTEE MEMBER, OR EMPLOYEE TO REPORT SUCH CHANGES TO THE PROPER CHANNEL. FORM 990, PART VI, SECTION B, LINE 15A PROCESS TO DETERMINE CEO COMPENSATION: THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING PERFORMANCE, JOB GRADE, AND FINANCIAL INSTITUTION SURVEY DATA. THE CEO'S SALARY WAS LAST REVIEWED ON JANUARY 1, 2023. FORM 990, PART VI, SECTION B, LINE 15B PROCESS TO DETERMINE OFFICER AND KEY EMPLOYEE COMPENSATION: THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, & FINANCIAL STATEMENTS: THE ORGANIZATION'S ARTICLES OF INCORPORATION, CODE OF REGULATION, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL CENTER SERVICES LLC 7101 E 56TH ST INDIANAPOLIS IN 46226 900185743 INSURANCE IN 127326 658479 FCFCU FINANCIAL CENTER ALLIANCE GROUP 7101 E 56TH ST INDIANAPOLIS IN 46226 830536175 IT CONSULTING IN 0 0 FCFCU