2021-06-29T12:13:46-05:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 350928620 Financial Center First Credit Union % MICHAEL J NELSON FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 MICHAEL J NELSON CFO 3179166233 2021-11-15 true MICHAEL J NELSON 999009999 MICHAEL J SUMMERS P00838533 3173834000 2021-11-15 2 2020 2022-09-23 18:48:47Z MICHAEL J NELSON 7101 E 56TH ST INDIANAPOLIS IN 46226 35661865 false X WWW.FCFCU.COM X 2015 IN FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE THE FINANCIAL LIVES OF ITS MEMBERS. 11 1 393 19 264234 0 0 34451363 33621982 56206 51347 0 0 34507569 33673329 15700 126060 0 0 12418914 13596040 0 0 0 18312798 16978900 30747412 30701000 3760157 2972329 586539942 760761000 511432181 678475763 75107761 82285237 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 80,872 MEMBERS. false false true false false false false false false true false 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 22688 0 393 true true true false false false false false false false X 11 1 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 KEVIN RYAN CEO 40.0 5.0 X 363613 0 14879 CAMERON MINGES EXECUTIVE VICE PRESIDENT 40.0 5.0 X 213319 0 7399 DANIEL KAVANAUGH SENIOR VP 40.0 5.0 X 197710 0 12404 MICHAEL NELSON CHIEF FINANCIAL OFFICER 40.0 0.0 X 193769 0 12828 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 40.0 0.0 X 169149 0 6995 EDWARD VALASEK CHIEF INFORMATION OFFICER 40.0 0.0 X 161480 0 6726 SVEN LEANDER CHIEF GROWTH OFFICER 40.0 0.0 X 148712 0 10706 FRANCES TOOLEY CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 126643 0 6164 BRIAN WILSON VP OF FINANCE 40.0 0.0 X 127276 0 5256 ARTHUR LEHMAN CHIEF-KOKOMO 40.0 0.0 X 121219 0 5825 JAMES RYAN JR VP OF RELATIONSHIP MANAGEMENT 40.0 0.0 X 114749 0 10687 JAMES NORTON ASST VP APPLICATION DEV 40.0 0.0 X 112008 0 5493 MARLA TACKETT BEG 17 VP OF STRATEGIC DEVELOPMENT 40.0 0.0 X 112081 0 3916 JAMES MACDONALD AVP MORTGAGE SERVICES PROGRAM 40.0 0.0 X 109407 0 6232 DUSTY SIMMONS VP MEMBERSHIP DEVELOPMENT 40.0 0.0 X 107610 0 7394 JOE PERRIN ASST VP COMMERCIAL LENDING 40.0 0.0 X 108572 0 5396 JOAN KERULIS DIRECTOR INTERNAL AUDIT 40.0 0.0 X 105705 0 5273 KIMBERLY FLOWERS AVP MEMBER SOLUTIONS 40.0 0.0 X 102954 0 5149 DEWEY WILLIAMS VP OF LENDING 40.0 0.0 X 100539 0 5566 BRENDA BUETOW BEG 615 VP OF INTERNAL OPS 40.0 0.0 X 63394 0 2289 CARL GLASSBURN BEG 111 CHIEF BDO BALL STATE 40.0 0.0 X 21400 0 1144 JOHN KENEIPP CHAIRMAN 5.0 5.0 X X 18000 0 0 CHRISTINE STEFANI BEG 111 VP OF HR 40.0 0.0 X 13172 0 1386 LARRY MARCUM FIRST VICE CHAIRMAN 5.0 0.0 X X 12000 0 0 JEANNE LUGO SECOND VICE CHAIRMAN 5.0 0.0 X X 12000 0 0 WILLIAM STEVENS SECRETARY 5.0 0.0 X X 12000 0 0 RAY BATTEY TREASURER 5.0 0.0 X X 12000 0 0 JAMES BENOIT DIRECTOR 5.0 0.0 X 12000 0 0 JASON PICKETT DIRECTOR 5.0 0.0 X 12000 0 0 RUSSELL DOWDEN DIRECTOR 5.0 5.0 X 12000 0 0 THOMAS SPAHR DIRECTOR 5.0 0.0 X 12000 0 0 CINDY COOK DIRECTOR 5.0 0.0 X 12000 0 0 JEFF GEORGE BEG 111 DIRECTOR 5.0 0.0 X 2000 0 0 2936481 0 149107 19 false true false FISERV 75 REMITTANCE DRIVE CHICAGO IL 606756943 DATA PROCESSING 1374774 SWBC AP ACCOUNT SERVICES LLC PO BOX 7950 SAN ANTONIO TX 78279 COLLECTION SERVICES 629919 CORELATION 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 DATA PROCESSING 587227 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CRD PROCESS 540444 DEI INCORPORATED 1550 KEMPER MEADOW DR CINCINNATI OH 45240 CONTRACTOR-BUILDER 249157 13 0 FEES AND OTHER CHARGES 522100 3732816 3691986 40830 INTERCHANGE INCOME 522100 2783266 2783266 INSURANCE COMMISSIONS 524298 363000 279596 83404 INTEREST INCOME 522100 25402434 25402434 INVESTMENT SERVICE FEES 522100 202629 182924 19705 1137837 1017542 120295 33621982 0 0 0 0 0 0 0 2026000 13883 1988147 389 37853 13494 51347 51347 0 0 0 0 0 0 0 0 0 0 33673329 33409095 264234 126060 0 0 0 3057620 0 7998034 349196 1369951 821239 0 619172 81211 0 0 0 0 764700 2676452 2364729 0 1022522 265245 0 0 3782100 0 1481506 0 CREDIT CARD PROCESSING 467242 COLLECTION AND LOAN EXPENSES 408360 BAD DEBT EXPENSE 2530689 OTHER 514972 30701000 14536026 10157815 43591453 94507967 0 0 1689889 2198019 0 0 0 0 474176782 589227472 0 0 1421003 1535168 24970193 14323497 8650396 10646696 0 0 25004507 35771635 0 0 931879 868188 16538007 15848040 586539942 760761000 3729888 4351857 0 0 0 0 0 0 0 0 0 0 0 0 0 0 507702293 674123906 511432181 678475763 X 0 0 0 0 75107761 82285237 75107761 82285237 586539942 760761000 X 2972329 493000 3712147 X false true X true false 9241 9241 9241 false GREATER LAWRENCE CHAMBER OF COMMERCE 9120 OTIS AVE LAWRENCE IN 46216 351620533 1318 INDIANA CHAMBER OF COMMERCE 115 W WASHINGTON ST INDIANAPOLIS IN 46204 350411610 573 KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE 700 EAST FIRMIN ST KOKOMO IN 46902 350836678 4550 ASPIRE JOHNSON CO CHAMBER OF COMMERCE 65 AIRPORT PWY STE 140 GREENWOOD IN 46143 351832901 2300 ONEZONE INC 8770 NORTH ST STE 100B FISHERS IN 46038 351324593 500 SCHEDULE C, PART I-C, LINE 2 DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $500 TO THE GREATER LAWRENCE CHAMBER OF COMMERCE; $573 TO THE INDIANA CHAMBER OF COMMERCE; $4,550 TO KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE; $2,300 TO ASPIRE JOHNSON COUNTY CHAMBER OF COMMERCE; $500 TO ONEZONE, INC. 1326554 1326554 9262861 4184286 5078575 912085 891003 21082 13468693 9248208 4220485 10646696 0 FIXED BORROWINGS FHLB 18000000 SHARES 656123906 674123906 34166329 493000 493000 33673329 33673329 30701000 30701000 30701000 SCHEDULE D, PART X FIN 48 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) 81667 GENERAL OPERATING SUPPORT GLEANERS FOOD BANK OF INDIANA INC 3737 WALDEMERE AVE INDIANAPOLIS IN 46241 351483868 501(C)(3) 5609 GENERAL OPERATING SUPPORT MOZEL SANDERS FOUNDATION 709 N BELMONT AVE INDIANAPOLIS IN 46222 352025644 501(C)(3) 7500 GENERAL OPERATING SUPPORT MIDWEST FOOD BANK 2031 WAREHOUSE RD NORMAL IL 617611038 412120170 501(C)(3) 5609 GENERAL OPERATING SUPPORT 4 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 JAMES KEVIN RYAN CEO 363513 0 0 0 100 0 9975 0 4904 0 378492 0 0 0 CAMERON MINGES EXECUTIVE VICE PRESIDENT 210638 0 0 0 2681 0 7399 0 0 0 220718 0 0 0 MICHAEL NELSON CHIEF FINANCIAL OFFICER 191320 0 0 0 2449 0 6555 0 6273 0 206597 0 0 0 DANIEL KAVANAUGH SENIOR VP 175400 0 0 0 22310 0 6131 0 6273 0 210114 0 0 0 EDWARD VALASEK CHIEF INFORMATION OFFICER 160561 0 0 0 919 0 5292 0 1434 0 168206 0 0 0 SVEN LEANDER CHIEF GROWTH OFFICER 147083 0 0 0 1629 0 4433 0 6273 0 159418 0 0 0 JENNIFER RUE CHIEF RISK & COMPL. OFFICER 133161 0 35000 0 988 0 5561 0 1434 0 176144 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 3052446 3131628 false true true CAMERON MINGES EVP EXECUTIVE RETENTION X 1787823 1825295 false true true MICHAEL NELSON CFO EXECUTIVE RETENTION X 1220469 1249832 false true true 6206755 FORM 990, PART III ON NOVEMBER 1, 2020, FINANCIAL CENTER ACQUIRED BALL STATE FEDERAL CREDIT UNION. THE RESULTS OF BALL STATE FEDERAL CREDIT UNION'S OPERATIONS HAVE BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS SINCE THAT DATE. 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 80,872 CREDIT UNION MEMBERS IN 2020. 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 JANUARY 31, 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. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: EQUITY ACQUIRED IN BALL STATE FEDERAL CREDIT UNION $3,750,000 LESS GAIN ON SALE OF INVESTMENTS $37,853 TOTAL $3,712,147 FINANCIAL CENTER SERVICES LLC 7101 E 56TH ST INDIANAPOLIS IN 46226 900185743 INSURANCE IN 445139 554322 FCFCU FINANCIAL CENTER ALLIANCE GROUP 7101 E 56TH ST INDIANAPOLIS IN 46226 830536175 IT CONSULTING IN 8260 58027 FCFCU