2020-06-12T13:00:34-05:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 350928620 Financial Center First Credit Union % MICHAEL J NELSON FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 MICHAEL J NELSON CFO 3179166233 2020-07-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-07-15 167.68.126.162 43033020201645000021 2020-06-12 P FFE40E3CCC58A84EF90C7B105D7A65E9E65BACF5 D28352AA58614FAA5D3037BA09B51FA48B348491 2019 2020-11-06 18:47:13Z MICHAEL J NELSON 7101 E 56TH ST INDIANAPOLIS IN 46226 34566211 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 10 358 37 454027 0 0 32379408 34451363 28200 56206 0 0 32407608 34507569 22500 15700 0 0 11466543 12418914 0 0 0 17196127 18312798 28685170 30747412 3722438 3760157 560227039 586539942 489901259 511432181 70325780 75107761 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 67,879 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 26674 0 358 true true true false false false false false false false X 10 10 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 40.0 10.0 X 379881 0 22377 MICHAEL NELSON CFO 40.0 0.0 X 202283 0 19304 DANIEL KAVANAUGH SR VP CHIEF SALES/MKT OFFICER 40.0 5.0 X 199374 0 19878 CAMERON MINGES CHIEF STRATEGY OFFICER 40.0 5.0 X 196728 0 6341 EDWARD VALASEK VP OF INFORMATION TECHNOLOGY 40.0 0.0 X 161075 0 7663 SVEN LEANDER SR VP CHIEF OPERATIONS OFFICER 40.0 0.0 X 149815 0 16568 JENNIFER RUE VP OF ERM 40.0 0.0 X 132110 0 4912 BRIAN WILSON VP OF FINANCE 40.0 0.0 X 129894 0 6897 JOE PERRIN COMMERCIAL LENDING MANAGER 40.0 0.0 X 108755 0 9668 DUSTY SIMMONS VP OF MEMBERSHIP DEVELOPMENT 40.0 0.0 X 107639 0 9981 JOAN KERULIS DIRECTOR OF INTERNAL AUDIT 40.0 0.0 X 107261 0 9760 MARLA TACKETT DIRECTOR OF STRATEGIC DEV 40.0 0.0 X 112200 0 3921 DEWEY WILLIAMS VP OF LENDING 40.0 0.0 X 104014 0 8934 KIMBERLY FLOWERS MEMBER SOLUTIONS MANAGER 40.0 0.0 X 101805 0 8372 JAMES NORTON DIRECTOR OF APPLICATION DEV 40.0 0.0 X 101096 0 8736 THERESA CHASE VP OF RETAIL OPS 40.0 0.0 X 98234 0 6916 FRANCES TOOLEY BEG 21 VP OF HUMAN RESOURCES 40.0 0.0 X 96928 0 7393 JAMES RYAN JR BEG 92 VP OF RELATIONSHIP MANAGEMENT 40.0 0.0 X 40713 0 1442 GINA JOHNSON END 38 VP OF HUMAN RESOURCES 40.0 0.0 X 23515 0 1695 JOHN KENEIPP BOARD CHAIR 5.0 5.0 X X 6700 0 0 LARRY MARCUM 1ST VICE CHAIR 5.0 0.0 X X 6700 0 0 CINDY COOK BOARD MEMBER 5.0 0.0 X 6000 0 0 JIM BENOIT BOARD MEMBER 5.0 0.0 X 6000 0 0 JEANNE LUGO 2ND VICE CHAIR 5.0 0.0 X X 6000 0 0 RAYMOND BATTEY TREASURER 5.0 0.0 X X 6000 0 0 RUSS DOWDEN BOARD MEMBER 5.0 5.0 X 6000 0 0 THOMAS SPAHR BOARD MEMBER 5.0 0.0 X 6000 0 0 BILL STEVENS SECRETARY 5.0 0.0 X X 6000 0 0 JASON PICKETT BEG 101 BOARD MEMBER 5.0 0.0 X 1500 0 0 2590720 0 180758 15 false true false DEI INCORPORATED 1550 KEMPER MEADOW DR CINCINNATI OH 45240 CONTRACTOR-BUILDER 2082242 FISERV 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 606756943 DATA PROCESSING 1417204 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CRD PROCESS 608212 SWBC AP ACCOUNT SERVICES LLC PO BOX 7950 SAN ANTONIO TX 78279 COLLECTION SERVICES 574520 STAR SYSTEMS INC 1100 CARR RD FC 88-1-3-90 WILMINGTON DE 19809 DEBIT CARD PROCESS 498613 5 0 FEES AND OTHER CHARGES 522100 4904569 4841308 63261 INTERCHANGE INCOME 522100 2540818 2540818 INSURANCE COMMISSIONS 524298 496072 342579 153493 INTEREST INCOME 522100 25305475 25305475 INVESTMENT SERVICE FEES 522100 266052 240179 25873 938377 726977 211400 34451363 0 0 0 0 0 0 114848 58642 56206 56206 56206 0 0 0 0 0 0 0 0 0 0 34507569 34053542 454027 15700 0 0 0 2672555 0 7495187 300755 1226816 723601 0 306660 63503 0 0 0 0 1081765 2439699 2496679 0 870877 365581 0 6039 4822462 0 1253511 0 CREDIT CARD PROCESSING 452045 COLLECTION AND LOAN EXPENSES 503773 BAD DEBT EXPENSE 2942252 OTHER 707952 30747412 22884075 14536026 50779389 43591453 0 0 1423858 1689889 0 0 0 0 454583606 474176782 0 0 4527969 1421003 21495762 12845366 6169319 8650396 0 0 11481344 25004507 0 0 870266 931879 7507213 16538007 560227039 586539942 3270876 3729888 0 0 0 0 0 0 0 0 0 0 0 0 0 0 486630383 507702293 489901259 511432181 X 0 0 0 0 70325780 75107761 70325780 75107761 560227039 586539942 X 3760157 371824 650000 X false true X true false 11318 11318 11318 false GREATER GREENWOOD CHAMBER OF COMMERCE 65 AIRPORT PARKWAY STE 140 GREENWOOD IN 46143 351606081 1900 GREATER LAWRENCE CHAMBER OF COMMERCE 9120 OTIS AVE LAWRENCE IN 46216 351620533 5237 INDIANA CHAMBER OF COMMERCE 115 W WASHINGTON ST INDIANAPOLIS IN 46204 350411610 1681 KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE 700 EAST FIRMIN ST KOKOMO IN 46902 350836678 2500 SCHEDULE C, PART I-C, LINE 2 DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $1,900 TO THE GREATER GREENWOOD CHAMBER OF COMMERCE; $5,237 TO THE GREATER LAWRENCE CHAMBER OF COMMERCE; $1,681 TO THE INDIANA CHAMBER OF COMMERCE; $2,500 TO KOKOMO-HOWARD COUNTY CHAMBER OF COMMERCE. 1048554 1048554 8635700 3723163 4912537 851739 837060 14679 10959769 8285143 2674626 8650396 0 FIXED BORROWINGS FHLB 18000000 SHARES 489702293 507702293 34879393 371824 371824 34507569 34507569 30747412 30747412 30747412 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 INDIANA MILITARY VERTERAN'S HALL OF FAME PO BOX 269098 INDIANAPOLIS IN 46226 800930419 501(C)(3) 7500 GENERAL OPERATING SUPPORT MOZEL SANDERS FOUNDATION 709 N BELMONT AVE INDIANAPOLIS IN 46222 352025644 501(C)(3) 8200 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 false true false JAMES RYAN CEO 328644 0 26053 0 25184 0 9686 0 12691 0 402258 0 0 0 DANIEL KAVANAUGH SR VP CHIEF SALES/MKT OFFICER 162229 0 14632 0 22513 0 5865 0 14013 0 219252 0 0 0 MICHAEL NELSON CFO 185628 0 14987 0 1668 0 6291 0 13013 0 221587 0 0 0 CAMERON MINGES CHIEF STRATEGY OFFICER 178516 0 15980 0 2232 0 6341 0 0 0 203069 0 0 0 EDWARD VALASEK VP OF INFORMATION TECHNOLOGY 151324 0 8763 0 988 0 5171 0 2492 0 168738 0 0 0 SVEN LEANDER SR VP CHIEF OPERATIONS OFFICER 136362 0 12304 0 1149 0 3555 0 13013 0 166383 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 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THE CEO JAMES RYAN PARTICIPATES IN A 457(F) PLAN. IN JANUARY OF 2019, THE PLAN BENEFITS WERE REDUCED FROM $1,042,178 TO $750,000. JAMES RYAN CEO EXECUTIVE RETENTION X 3052446 3068040 false true true CAMERON MINGES CHIEF STRATEGY OFFICER EXECUTIVE RETENTION X 1787823 1787925 false true true MICHAEL NELSON CFO EXECUTIVE RETENTION X 1220469 1226422 false true true 6082387 FORM 990, PART III ON OCTOBER 1, 2019, FINANCIAL CENTER ACQUIRED KOKOMO FEDERAL HERITAGE CREDIT UNION (KOKOMO HERITAGE). THE RESULTS OF KOKOMO HERITAGE'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 67,879 CREDIT UNION MEMBERS IN 2019. 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 PRESIDENT/CEO COMPENSATION: THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION COMMITTEE. THE SALARY OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER IS THEN APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT'S SALARY WAS LAST REVIEWED ON FEBRUARY 25, 2020. 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 KOKOMO HERITAGE CREDIT UNION $650,0000 FINANCIAL CENTER SERVICES LLC 7101 E 56TH ST INDIANAPOLIS IN 46226 900185743 INSURANCE IN 405637 1229283 FCFCU FINANCIAL CENTER ALLIANCE GROUP LLC 7101 E 56TH ST INDIANAPOLIS IN 46226 830536175 IT CONSULTING IN 41953 85212 FCFCU