2021-05-13T16:31:52-05:00 2020-12-31 990 2020-01-01 362282191 Financial Plus Credit Union % Jean McDonald FINA 8154331496 800 Chestnut Street Ottawa IL 61350 JEAN MCDONALD VPCFO 8154331496 2021-05-13 JEAN MCDONALD 999009999 1 IAL1 2020 2022-09-23 18:48:47Z TIMOTHY N O'DONNELL 800 Chestnut Street Ottawa IL 61350 17277341 false X www.financialplus.org X Cooperative 1951 IL To assist our members in the management of their financial wellbeing by providing loans savings accounts and other financial services 7 7 106 7 0 0 15725572 16096135 1789075 1181206 0 17514647 17277341 0 0 5670365 6093324 0 0 8095372 8574962 13765737 14668286 3748910 2609055 337335921 397647993 287917629 345300924 49418292 52347069 Exceptional Service to Members false false Provided 5700 new loans to members during 2020 totaling $86,067,370. This includes real estate, home equity and consumer loans. Provided 20,479 share draft checking accounts with related services to our members. Provided 6,119 members with Visa Credit Cards. The revolving lines of credit on these cards total $22,452,084. false false false false false false false false false false true false false true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 4530 0 true 106 true false false false false false false false false false X 7 7 false false false false true true true true true false true true false false true true true true false X X JEAN A MCDONALD 8154331496 800 Chestnut Street Ottawa IL 61350 TIMOTHY O'DONNELL PresidentCEO 40.00 X 290337 0 36039 PETER S FAUTH Executive VP 40.00 X 211540 0 30688 DIANNE C BANGERT VPCOO 40.00 X 125832 0 35857 JEAN A MCDONALD VPCFO 40.00 X 126151 0 30006 KATHLEEN JENKINS VPLending 40.00 X 100623 0 30154 GILBERT MEYER Supervisory Committee 2.000 X 0 0 0 PAUL SWEEDEN Supervisory Committee 2.000 X 0 0 0 ANTHONY QUIGLEY Board Chair 2.000 X 0 0 0 ROBERT MARSHALL Supervisory Chair 2.000 X 0 0 0 VINCENT KOZSDIY Vice Chair 2.000 X 0 0 0 JOSEPH NAVARRO Board Treasurer 2.000 X 0 0 0 THOMAS BRETAG Board Secretary 2.000 X 0 0 0 BETSY J PENOYER VPLending 40.00 X 70688 0 8827 THOMAS C GREGOR VPCIO 40.00 X 117105 0 24301 1042276 195872 6 false true false The Redmond Company W228 N745 Westmound Drive Waukesha WI 53186 Design Consulting 1021470 Fiserv Inc PO Box 934057 Atlanta GA 311934057 Computer Services 942817 Blue Cross Blue Shield IL PO Box 650615 Dallas TX 752650615 Employee Health Insurance 764978 NCR Corporation PO BOX 740641 Los Angeles CA 900740641 Internet Banking 646245 LKCS Inc 4130 Plank Road Peru IL 61354 Marketing Statements 385305 10 Interest on Loans 522291 10897819 10897819 DraftDebit Income 522210 3226450 3226450 Visa Credit Card Incom 522210 517188 517188 Other Loan Income 522291 756897 756897 Accidental Death Ins 524298 47080 47080 650701 650701 16096135 1181206 1181206 0 17277341 17277341 X 939411 3851277 236432 748136 318068 10256 45601 360863 843376 1375754 581412 20610 52300 1054817 97259 Dividends on Shares 1092562 Visa, Loan & Collections 885896 Draft, Debit & ATM Expense 1144457 Provision for Loan Loss 872724 137075 14668286 0 0 0 6169101 5867038 33184185 80450651 225369189 221345993 788672 496339 14822327 9312467 14822327 40803584 51018301 21708723 23647344 337335921 397647993 2847787 3271923 285069842 342029001 287917629 345300924 X 49418292 52347069 49418292 52347069 337335921 397647993 2609055 319722 X false false false false false false false false false false 4846974 4846974 7907525 7907525 2067828 2067828 14822327 23647344 23647344 Member Shares 342029001 342029001 X X true true X X X X false false false false false false false false false TIMOTHY O'DONNELL PresidentCEO 214244 65403 10690 19355 16684 326376 PETER S FAUTH Executive VP 159660 47827 4053 8125 22563 242228 DIANNE C BANGERT VPCOO 95688 28510 1634 13294 139126 JEAN A MCDONALD VPCFO 98519 27632 13322 139473 KATHLEEN JENKINS VPLending 79912 20711 7591 108214 GILBERT MEYER Supervisory Committee PAUL SWEEDEN Supervisory Committee ANTHONY QUIGLEY Board Chair ROBERT MARSHALL Supervisory Chair VINCENT KOZSDIY Vice Chair JOSEPH NAVARRO Board Treasurer THOMAS BRETAG Board Secretary BETSY J PENOYER VPLending 32918 35901 1869 7573 78261 THOMAS C GREGOR VPCIO 90065 27040 10414 127519 Part I, Line 1a Credit Union pays for Tim O'Donnell's country club membership dues Part I, Line 1a pursuant to written contract, with all expenses approved by the Part I, Line 1a Supervisory committee of the Board of Directors. Part I, Line 1a Credit Union pays for Tim O'Donnell's spousal travel, pursuant to Part I, Line 1a written policy in his contract, approval by the Supervisory Committee Part I, Line 1a of the Board of Directors, and reported on a 1099-MISC, if applicable. Part VI Line 6 General membership-members/owners of the credit union Part VI Line 7a Each member gets 1 vote per $1.00 par share deposited in the credit union. Part VI Line 7b Members vote on all issues at an annual meeting, or special membership Part VI Line 7b meeting conducted as necessary. Part VI Line 11b 990 is prepared by CFO and reviewed with officers, board of directors and Part VI Line 11b external auditors. Part VI Line 15a or b All employees, including officers go through an annual performance eval and Part VI Line 15a or b are given salry increases based on performance subj to independent survey. Part VI Line 19 Financial statements and 990 are available upon request. Annual reports, Part VI Line 19 including year end fin stmts and reports are available in office or website