2017-11-20T09:50:00-06:00 2016-12-31 990 2016-01-01 362282191 Financial Plus Credit Union % Peter Fauth FINA 8154331496 800 Chestnut Street Ottawa IL 61350 PETER FAUTH Executive Vice President CFO 8154331496 2017-11-20 74.85.116.98 21010520173198886562 2017-11-14 O FC3198ECF23BC78DEA5939BBD0E88E89BDAD9E17 31575AB46ED5EA79CF710758DC2AFACEC190D689 2016 2017-02-10 21:41:12Z TIMOTHY N ODONNELL 800 Chestnut Street Ottawa IL 61350 13486079 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 8 7 96 8 0 0 11460459 12625413 705821 860666 0 12166280 13486079 0 0 4095814 4369817 0 0 5811314 6364935 9907128 10734752 2259152 2751327 280299647 299345397 244627600 261046176 35672047 38299221 Exceptional Service to Members false false Provided 7,205 new loans to member during 2016 totaling $79,720,604. This includes real estate, home equity, and consumer loans Provided 17,799 share draft checking accounts with related services to members. Provided 5,748 members with Visa credit cards. The revolving lines of credit on these cards total $21,283,355. false false false false false false false false false false true false false false 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 9300 0 true 96 true false false false false false false false X 8 7 false false false false true true true true true false false false false true true true true false IL X X PETER S FAUTH 8154331496 800 Chestnut Street Ottawa IL 61350 GILBERT MEYER Board Chair 2.000 X 0 0 0 PAUL SWEEDEN Vice Chair 2.000 X 0 0 0 WILLIAM MUCCI Board Secretary 2.000 X 0 0 0 ANTHONY QUIGLEY Board Treasurer 2.000 X 0 0 0 ROBERT MARSHALL Supervisory Chair 2.000 X 0 0 0 VINCENT KOZSDIY Supervisory Committee 2.000 X 0 0 0 JOSEPH NAVARRO Supervisory Committee 2.000 X 0 0 0 THOMAS BRETAG Board Member 2.000 X 0 0 0 TIMOTHY ODONNELL President CEO 40.00 X 219161 0 0 PETER FAUTH Executive VP CFO 40.00 X 171939 0 0 BETSY PENOYER Vice President 40.00 X 103831 0 0 DIANNE BANGERT Vice President COO 40.00 X 94579 0 0 589510 3 false true false Digital Insight PO Box 515306 Los Angeles CA 900740641 Internet Banking 760041 Blue Cross Blue Shield IL 25550 Network Place Chicago IL 606731255 Employee Health Insurance 471065 LKCS Inc 4130 Plank Road Peru IL 61354 MarketingStatement Proc 338650 Fiserv 75 Remittance Drive Ste 1649 Chicago IL 606751649 Data Processing Systems 259248 LaSalle County Collector 707 East Etna Road Ottawa IL 61350 Real Estate Taxes 144026 5 Interest on Loans 522291 7869347 7869347 Draft Debit Income 522100 3270502 3270502 Visa Credit Crd Income 522210 432087 432087 Other Loan Income 522291 650724 650724 Accidental Death Ins 524298 46795 46795 355958 355958 12625413 860666 860666 13486079 13486079 X 640861 2779762 237426 482080 229688 6945 35561 342597 714874 1198321 487935 77276 58042 393952 94525 Dividends on Shares 786349 Visa, Loan & Collections 593063 Draft, Debit & ATM Exp 956208 Provision for Loan Losses 478674 140613 10734752 0 0 0 6509898 3902401 47735461 41921924 164655131 183828941 1630921 1388659 6827813 7039317 6827813 43822671 46828985 8906248 14646674 280299647 299345397 2195506 2195380 242432094 258850796 244627600 261046176 X 35672047 38299221 35672047 38299221 280299647 299345397 2751327 -124152 X false false false false false false false false false false 1995365 1995365 4017632 4017632 814816 814816 6827813 14646674 14646674 Member Shares 258850796 258850796 X X true true false false false false false false false false false GILBERT MEYER Board Chair PAUL SWEEDEN Vice Chair WILLIAM MUCCI Board Secretary ANTHONY QUIGLEY Board Treasurer ROBERT MARSHALL Supervisory Chair VINCENT KOZSDIY Supervisory Committee JOSEPH NAVARRO Supervisory Committee THOMAS BRETAG Board Member TIMOTHY ODONNELL President CEO 159467 50014 9680 15482 234643 PETER FAUTH Executive VP CFO 124830 43056 4053 13832 185771 BETSY PENOYER Vice President 76644 25553 1634 11204 115035 DIANNE BANGERT Vice President COO 69744 22966 1869 10832 105411 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. Part VI Line 6 General membership - member/owners of the credit union. Part VI Line 7a Each member gets 1 vote per $25 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 incl year end fin stmts and report are available in office and website. Part IX Line 24e Total expenses - $140613.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00