2018-05-14T14:44:04-05:00 2017-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2017-01-01 350928620 Financial Center First Credit Union % MICHAEL J NELSON FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 MICHAEL J NELSON CFO 3179166233 2018-05-15 true MICHAEL J SUMMERS P00838533 3173834000 2018-05-15 2017 2022-09-23 18:48:47Z MICHAEL J NELSON 7101 EAST 56TH STREET INDIANAPOLIS IN 46226 29039086 false X WWW.FCFCU.COM X 2015 IN FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE ITS MEMBERS' FINANCIAL LIVES. 9 9 283 22 421701 -324561 0 0 26721824 28979108 86742 43079 0 0 26808566 29022187 0 27500 0 0 9984173 10966162 0 0 0 14336749 15257752 24320922 26251414 2487644 2770773 520000617 542347517 456001886 475680045 63998731 66667472 FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE ITS MEMBERS' FINANCIAL LIVES. false false FINANCIAL CENTER FIRST CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS 59,056 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 false false false false false false false false false true false false false true 20859 0 283 true true true false false false false false X 9 9 false 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 EAST 56TH STREET INDIANAPOLIS IN 46226 JOHN KENEIPP CHAIRMAN OF THE BOARD 5.0 0.0 X 7200 0 0 RUSS DOWDEN BOARD MEMBER 5.0 2.0 X 6000 0 0 JEANNE LUGO BOARD MEMBER 5.0 0.0 X 6000 0 0 RAY BATTEY BOARD MEMBER 5.0 0.0 X 6000 0 0 TOM SPAHR BOARD MEMBER 5.0 0.0 X 6000 0 0 LARRY MARCUM BOARD MEMBER 5.0 0.0 X 6000 0 0 BILL STEVENS BOARD MEMBER 5.0 0.0 X 6000 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 JAMES K RYAN CEO 40.0 5.0 X 393266 0 373717 MICHAEL J NELSON CFO 40.0 0.0 X 209441 0 18414 JOSEPHINE L KIEL SR VP CHIEF OPS (End 8/22/17) 40.0 0.0 X 189834 0 8303 JENNIFER L RUE VP OF ERM 40.0 0.0 X 116389 0 3215 DANIEL T KAVANAUGH SR VP CHIEF SALES/MKT OFFICER 40.0 5.0 X 202671 0 18735 EDWARD VALASEK VP OF INFORMATIONAL TECHNOLOGY 40.0 0.0 X 155007 0 6652 SVEN D LEANDER SENIOR VP CHIEF OP OFFICER 40.0 0.0 X 121852 0 13037 DUSTY D SIMMONS VP MARKETING 40.0 0.0 X 101683 0 6229 LARRY C KINDER JR VP RETAIL OPS (END 12/19/17) 40.0 0.0 X 94303 0 2469 CAMERON MINGES CHIEF STRATEGY OFFICER 40.0 0.0 X 192166 0 5998 BRIAN L WILSON VP FINANCE 40.0 0.0 X 128590 0 5120 FRANCES A TOOLEY SR VP (END 1/13/17) 40.0 0.0 X 13878 0 533 KIMBERLY A FLOWERS MEMBER SOLUTIONS MANAGER 40.0 0.0 X 100965 0 4600 JOAN KERULIS DIRECTOR INTERNAL AUDIT 40.0 0.0 X 104990 0 7325 MARLA TACKETT DIR OF STRATEGIC DEVELOPMENT 40.0 0.0 X 107394 0 2681 2287629 0 477028 13 false true false FiServ 75 REMITTANCE DRIVE STE 1649 CHICAGO IL 606756943 DATA PROCESSING 1460303 STAR SYSTEMS INC 1100 CARR RD FC 88-1-3-90 WILMINGTON DE 19809 DEBIT CARD Prcsg 798803 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD Prcsg 545859 Visa - Financial Center PO Box 660493 DALLAS TX 752660493 CREDIT CARD Prcsg 283932 Haberfeld Direct Inc 206 S 13th Street Ste 1500 LINCOLN NE 68508 MARKETING 238925 11 0 FEES AND OTHER CHARGES 522100 4904589 4482888 421701 INTERCHANGE INCOME 522100 2269877 2269877 INSURANCE COMMISSIONS 524298 484398 484398 INTEREST INCOME 522100 20423981 20423981 INVESTMENT SERVICE FEES 522100 140171 140171 756092 756092 28979108 0 0 0 0 0 0 59978 16899 43079 43079 43079 0 0 0 0 0 0 0 0 0 0 29022187 28600486 421701 27500 0 0 0 2436702 0 6356586 386000 1144714 642160 0 302941 69062 0 0 0 0 730067 2249256 2516270 0 879718 299254 0 26286 2599459 0 1710008 0 CREDIT CARD PROCESSING 429904 COLLECTION AND LOAN EXPENSES 354264 BAD DEBT EXPENSE 2325532 OTHER 765731 26251414 8005331 20310726 63969458 41285401 0 0 1092434 1289368 0 0 0 0 413312165 447375077 0 0 4126887 4447052 18451370 12153230 6549763 6298140 0 0 15138142 13127987 0 0 519552 950007 7286885 7263759 520000617 542347517 3543768 3502273 0 0 0 0 0 0 0 0 0 0 0 0 0 0 452458118 472177772 456001886 475680045 X 0 0 0 0 63998731 66667472 63998731 66667472 520000617 542347517 2770773 -102032 X false true X true false 8855 8855 8855 false GREATER GREENWOOD CHAMBER OF COMMERCE 65 AIRPORT PARKWAY GREENWOOD IN 46143 351606081 4350 GREATER LAWRENCE CHAMBER OF COMMERCE 9120 OTIS AVE LAWRENCE IN 46216 351620533 4505 SCHEDULE C, PART I-C, LINE 2 DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $4,350 TO THE GREATER GREENWOOD CHAMBER OF COMMERCE; $4,505 TO THE GREATER LAWRENCE CHAMBER OF COMMERCE. 0 753778 753778 0 6378764 3223012 3155752 0 1353285 1331651 21634 0 9965543 7598567 2366976 6298140 0 FIXED BORROWINGS FHLB 18000000 SHARES 454177772 472177772 28920155 -102032 -102032 29022187 29022187 26251414 26251414 26251414 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) 15000 GENERAL OPERATING SUPPORT ST VINCENT DE PAUL SOCIETY 3001 E 30TH STREET INDIANAPOLIS IN 46218 351463327 501(C)(3) 6000 GENERAL OPERATING SUPPORT MOZEL SANDERS FOUNDATION 709 N BELMONT AVE INDIANAPOLIS IN 46222 352025644 501(C)(3) 6500 GENERAL OPERATING SUPPORT 3 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 true true false JAMES K RYAN CEO 303150 0 68805 0 21311 0 360734 0 12983 0 766983 0 0 0 MICHAEL J NELSON CFO 178858 0 29197 0 1386 0 6714 0 11700 0 227855 0 0 0 JOSEPHINE L KIEL SR VP CHIEF OPS (End 8/22/17) 104832 0 8401 0 76601 0 4070 0 4233 0 198137 0 0 0 DANIEL T KAVANAUGH SR VP CHIEF SALES/MKT OFFICER 154396 0 27773 0 20502 0 5685 0 13050 0 221406 0 0 0 EDWARD VALASEK VP OF INFORMATIONAL TECHNOLOGY 137869 0 16260 0 878 0 4952 0 1700 0 161659 0 0 0 CAMERON MINGES CHIEF STRATEGY OFFICER 165978 0 24732 0 1456 0 5998 0 0 0 198164 0 0 0 SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS & 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 4A SEVERANCE PAYMENTS: SEVERANCE AGREEMENT WAS SIGNED BY JOSEPHINE L KIEL IN THE AMOUNT OF $75,813. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII. SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: INCLUDED IN THE CEO'S DEFERRED COMPENSATION ARE EARNINGS IN THE AMOUNT OF $351,459 IN A NONQUALIFIED 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6A 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 59,056 CREDIT UNION MEMBERS IN 2017. 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. ALL ELECTIONS WILL BE BY ELECTRONIC DEVICE OR MAIL BALLOT. 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 MARCH 2, 2018. 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 411579 1345395 FCFCU