2020-07-12T12:05:55-05:00 2019-12-31 990 2019-01-01 362282191 Financial Plus Credit Union % Jean McDonald FINA 8154331496 800 Chestnut Street Ottawa IL 61350 JEAN MCDONALD VPCFO 8154331496 2020-07-12 74.85.116.98 21010520201941714654 2020-07-12 O 2BAD00811DEB2036B0E36E7922233E3D4FA855E9 2BAD00811DEB2036B0E36E7922233E3D4FA855E9 2019 2022-01-07 14:23:13Z TIMOTHY N O'DONNELL 800 Chestnut Street Ottawa IL 61350 17514647 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 7 117 7 0 0 14597833 15725572 1639404 1789075 0 16237237 17514647 0 0 5264181 5670365 0 0 7064266 8095372 12328447 13765737 3908790 3748910 319938471 337335921 274801218 287917629 45137253 49418292 Exceptional Service to Members false false Provided 6,856 new loans to members during 2019 totaling $93,761,184 This includes real estate, home equity and consumer loans. Provided 19,488 share draft checking accounts with related services to members. Provided 6,045 members with Visa credit cards. The revolving lines of credit on these cards total $22,261,184. 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 5601 0 true 117 true false false false false false false false false false X 7 7 false false false false true true true true true false false false false true true true true false IL X X JEAN A MCDONALD 8154331496 800 Chestnut Street Ottawa IL 61350 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 TIMOTHY O'DONNELL PresidentCEO 40.00 X 274721 0 0 PETER FAUTH Executive VP 40.00 X 197478 0 0 BETSY PENOYER Vice President 40.00 X 117552 0 0 DIANNE BANGERT Vice PresidentCOO 40.00 X 116585 0 0 JEAN MCDONALD Vice PresidentCFO 40.00 X 108866 0 0 815202 5 false true false The Redmond Company W228 N 745 Westmound Waukesha WI 53186 Design Consulting 1270101 Fiserv Inc PO Box 934057 Atlanta GA 311934057 Computer Services 602108 NCR Corporation PO Box 740641 Los Angeles CA 900740641 Internet Banking 588599 Blue Cross Blue Shield IL PO Box 650615 Dallas TX 752650615 Employee Health Insurance 551016 LKCS Inc 4130 Plank Road Peru IL 61354 Marketing Statements 327927 11 Interest on Loans 522291 10415715 10415715 DraftDebit Income 522100 3494107 3494107 Visa Credit Crd Income 522210 462421 462421 Other Loan Income 522291 704505 704505 Accidental Death Ins 524298 47776 47776 601048 601048 15725572 1789075 1789075 0 17514647 17514647 X 894527 3490563 357564 640789 286922 11612 50229 324150 842031 1226307 561912 108821 44684 566643 95840 Dividends on Shares 1359350 Visa,Loan & Collections 652383 Draft,Debit & Atm Expense 1393263 Provision for Loan Loss 760407 97740 13765737 0 0 0 5857590 6169101 34291830 33184185 208815046 225369189 894000 788672 9312467 6674571 9312467 45418464 40803584 17986970 21708723 319938471 337335921 2585260 2847787 272215958 285069842 274801218 287917629 X 45137253 49418292 45137253 49418292 319938471 337335921 3748910 532129 X false false false false false false false false false false 3173837 3173837 5061356 5061356 1077274 1077274 9312467 21708723 21708723 Member Shares 285069842 285069842 X X true true X X X X false false false false false false false false false 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 TIMOTHY O'DONNELL PresidentCEO 202427 62277 10017 20541 295262 PETER FAUTH Executive VP 147930 45495 4053 17726 215204 BETSY PENOYER Vice President 117552 117552 DIANNE BANGERT Vice PresidentCOO 116585 116585 JEAN MCDONALD Vice PresidentCFO 108866 108866 Part I, Line 1a Credit Union pays for Tim O'Donnell's country club membership dues pursuant Other to written contract, with all expenses approved by the Supervisory Other committee of the Board of Directors. Part I, Line 1a Credit Union pays for Tim O'Donnell's spousal travel, pursuant to written Other policy in his contract, approval by the Supervisory Committee of the Board Other 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 salary 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