2022-11-11T17:43:15-06:00 2021-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2021-01-01 350928620 Financial Center First Credit Union % MICHAEL J NELSON FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 MICHAEL J NELSON CFO 3179166233 2022-11-15 true MICHAEL J NELSON 999009999 MICHAEL J SUMMERS P00838533 3173834000 2022-11-15 2 2021 2022-09-23 18:48:47Z MICHAEL J NELSON 7101 E 56TH ST INDIANAPOLIS IN 46226 38182530 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 0 445 19 200156 0 0 0 33621982 38074806 51347 79623 0 0 33673329 38154429 126060 32286 0 0 13596040 15716010 0 0 0 16978900 18012704 30701000 33761000 2972329 4393429 760761000 817315000 678475763 731337334 82285237 85977666 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 76,690 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 36475 0 445 true true true false false false false false false false X 10 0 true false false false true true true true true false true true true true true true true true true true false IN X MICHAEL J NELSON 3179166233 7101 E 56TH ST INDIANAPOLIS IN 46226 JAMES RYAN CEO/PRESIDENT 40.0 5.0 X 461004 0 30252 CAMERON MINGES CEO/PRESIDENT 40.0 0.0 X 273497 0 8907 MICHAEL NELSON CHIEF FINANCIAL OFFICER 40.0 0.0 X 226073 0 22042 EDWARD VALASEK CHIEF INFORMATION OFFICER 40.0 0.0 X 185313 0 10147 FRANCES TOOLEY CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 167231 0 26075 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 40.0 0.0 X 178523 0 12424 JAMES RYAN JR VP OF RELATIONSHIP MANAGEMENT 40.0 0.0 X 148524 0 25046 BRIAN WILSON VP OF FINANCE 40.0 0.0 X 142093 0 8597 DIANNA MILLER ASST VP OF ACCOUNTING 40.0 0.0 X 120367 0 22276 MARLA TACKETT VP OF STRATEGIC DEVELOPMENT 40.0 0.0 X 134665 0 4705 JAMES NORTON ASST VP OF APPLICATION DEV 40.0 0.0 X 125749 0 12123 COLIN MURPHY ASST VP OF COMMERCIAL SALES 40.0 0.0 X 123457 0 10552 JOAN KERULIS DIRECTOR OF INTERNAL AUDIT 40.0 0.0 X 119002 0 14329 JOE PERRIN ASST VP OF COMMERCIAL LENDING 40.0 0.0 X 116771 0 14077 SHERRY SIGLER BEG 315 VP OF RETAIL OPERATIONS 40.0 0.0 X 107642 0 16550 CARL BRITTON BEG 712 VP OF LENDING 40.0 0.0 X 99410 0 4763 SVEN LEANDER END 38 CHIEF GROWTH OFFICER 40.0 0.0 X 95883 0 5051 CARL GLASSBURN END 14 CHIEF BUSINESS DEVELOPMENT 40.0 0.0 X 93766 0 2098 DUSTY SIMMONS VP OF MEMBERSHIP DEVELOPMENT 40.0 0.0 X 76668 0 7868 BRENDA BUETOW END 79 VP OF INTERNAL OPERATIONS 40.0 0.0 X 75780 0 8747 DANIEL KAVANAUGH END 18 SENIOR VP 40.0 0.0 X 73585 0 2139 ARTHUR LEHMAN END 217 CHIEF- KOKOMO 40.0 0.0 X 67791 0 2442 DEWEY WILLIAMS END 625 VP OF LENDING 40.0 0.0 X 57743 0 5821 THERESA CHASE END 26 VP OF RETAIL OPERATIONS 40.0 0.0 X 37210 0 1616 LARRY MARCUM BOARD MEMBER 5.0 0.0 X 16500 0 0 JR KENEIPP BOARD MEMBER 5.0 0.0 X 14000 0 0 CINDY LORENTSON COOK BOARD MEMEBER 5.0 0.0 X 12000 0 0 JAMES BENOIT BOARD MEMBER 5.0 0.0 X 12000 0 0 JASON PICKETT BOARD MEMBER 5.0 0.0 X 12000 0 0 JEANINE LUGO BOARD MEMBER 5.0 0.0 X 12000 0 0 JEFFERY GEORGE BOARD MEMBER 5.0 0.0 X 12000 0 0 RAYMOND BATTEY BOARD MEMBER 5.0 0.0 X 12000 0 0 THOMAS SPAHR BOARD MEMBER 5.0 0.0 X 12000 0 0 WILLIAM STEVENS BOARD MEMBER 5.0 0.0 X 12000 0 0 RUSSEL DOWDEN END 730 BOARD MEMBER 5.0 0.0 X 7000 0 0 3324247 0 278647 15 false true false FISERV PO BOX 934057 ATLANTA GA 311934057 DATA PROCESSING 1719982 SWBC AP ACCOUNT SERVICES LLC PO BOX 7950 SAN ANTONIO TX 78279 COLLECTION SERVICES 750960 CORELATION 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 DATA PROCESSING 789567 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 CREDIT CRD PROCESS 574760 DEI INCORPORATED 1550 KEMPER MEADOW DR CINCINNATI OH 45240 CONTRACTOR-BUILDER 515610 5 0 FEES AND OTHER CHARGES 522100 4310113 4255120 54993 INTERCHANGE INCOME 522100 3655779 3655779 INSURANCE COMMISSIONS 524298 235000 235000 INTEREST INCOME 522100 28447772 28447772 INVESTMENT SERVICE FEES 522100 243658 221719 21939 1182484 1059260 123224 38074806 0 0 0 0 0 0 0 107633 28101 79532 79623 79623 0 0 0 0 0 0 0 0 0 0 38154429 37954273 200156 32286 0 0 0 3047329 0 9782408 389050 1550085 947138 0 808544 79744 0 0 0 0 1026759 3255978 2885646 0 1271429 342260 0 1412 2869782 0 1708630 0 CREDIT CARD PROCESSING 606960 COLLECTION AND LOAN EXPENSES 527238 BAD DEBT EXPENSE 1921692 OTHER 706630 33761000 10157815 7463255 94507967 114061644 0 0 2198019 2349311 0 0 0 0 589227472 619278698 0 0 1535168 1761377 27426017 15967581 10646696 11458436 0 0 35771635 44309286 0 0 868188 793457 15848040 15839536 760761000 817315000 4351857 5145395 0 0 0 0 0 0 0 0 0 0 0 0 0 0 674123906 726191939 678475763 731337334 X 0 0 0 0 82285237 85977666 82285237 85977666 760761000 817315000 4393429 -701000 X false true X true false 7568 7568 7568 false GREATER LAWRENCE CHAMBER OF COMMERCE 6501 SUNNYSIDE RD SUITE A216 INDIANAPOLIS IN 46236 351620533 1800 KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE 700 EAST FIRMIN ST KOKOMO IN 46902 350836678 100 ASPIRE JOHNSON CO CHAMBER OF COMMERCE 1499 WINDHORST WAY SUITE 160 GREENWOOD IN 46143 351832901 1675 ONEZONE INC 8770 NORTH ST STE 100B FISHERS IN 46038 351324593 500 GREATER KOKOMO ECONOMIC DEVELOPMENT 700 E FIRMIN ST 200 KOKOMO IN 46902 351499686 2500 MUNCIE-DELAWARE COUNTY CHAMBER OF CO 401 S HIGH ST MUNCIE IN 47305 350534380 993 SCHEDULE C, PART I-C, LINE 2 DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $1,800 TO THE GREATER LAWRENCE CHAMBER OF COMMERCE; $100 TO KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE; $1,675 TO ASPIRE JOHNSON COUNTY CHAMBER OF COMMERCE; $500 TO ONEZONE, INC.; $2,500 TO THE GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE, INC.; $993 TO THE MUNCIE-DELAWARE COUNTY CHAMBER OF COMMERCE. 1326554 1326554 9198863 4631614 4567249 1453594 901865 551729 15447006 10434102 5012904 11458436 INVESTMENT IN SUBSIDIARY 592162 FHLB STOCK 1743400 AFS SECURITIES 35878508 MISCELLANEOUS SECURITIES 6095216 44309286 0 FIXED BORROWINGS FHLB 18000000 SHARES 708191939 726191939 37453429 -701000 -701000 38154429 38154429 33761000 33761000 33761000 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 MOZEL SANDERS FOUNDATION 709 N BELMONT AVE INDIANAPOLIS IN 46222 352025644 501(C)(3) 5919 GENERAL OPERATING SUPPORT 1 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 false true false FRANCES TOOLEY CHIEF DEVELOPMENT OFFICER 152840 0 11707 0 2684 0 6199 0 19876 0 193306 0 0 0 BRIAN WILSON VP OF FINANCE 133386 0 7703 0 1004 0 4321 0 4276 0 150690 0 0 0 CAMERON MINGES CEO/PRESIDENT 255603 0 14811 0 3083 0 8907 0 0 0 282404 0 0 0 EDWARD VALASEK CHIEF INFORMATION OFFICER 167662 0 16769 0 882 0 5294 0 4853 0 195460 0 0 0 JAMES RYAN CEO/PRESIDENT 370382 0 64904 0 25718 0 10150 0 20102 0 491256 0 0 0 JAMES RYAN JR VP OF RELATIONSHIP MANAGEMENT 123920 0 23948 0 656 0 5659 0 19387 0 173570 0 0 0 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 145905 0 31707 0 911 0 6095 0 6329 0 190947 0 0 0 MICHAEL NELSON CHIEF FINANCIAL OFFICER 215743 0 8622 0 1708 0 6549 0 15493 0 248115 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 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. JAMES RYAN CEO EXECUTIVE RETENTION X 3039002 3160599 false true true CAMERON MINGES EVP EXECUTIVE RETENTION X 1787823 1863444 false true true MICHAEL NELSON CFO EXECUTIVE RETENTION X 1220469 1273744 false true true 6297787 FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIP WITH OTHER OFFICER: JAMES RYAN JR. AND JAMES RYAN 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 76,690 CREDIT UNION MEMBERS IN 2021. 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 COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION COMMITTEE. THE SALARY OF THE CEO IS THEN APPROVED BY THE BOARD OF DIRECTORS. THE CEO'S SALARY WAS LAST REVIEWED ON DECEMBER 30, 2021. 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 COMMITTEE. 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 124400 567308 FCFCU FINANCIAL CENTER ALLIANCE GROUP 7101 E 56TH ST INDIANAPOLIS IN 46226 830536175 IT CONSULTING IN 0 48570 FCFCU