2025-11-14T15:32:27+00:00 2024-12-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-01-01 350928620 Financial Center First Credit Union FINA 3179166233 7101 EAST 56TH STREET INDIANAPOLIS IN 462260501 RYAN W COOK EVP FINANCE 3179166233 2025-11-14 true Michael Summers P00838533 3173834000 2025-11-17 2024 2025-03-06 01:10:19Z RYAN W COOK 7101 EAST 56TH STREET INDIANAPOLIS IN 462260501 54489922 false X WWW.FCFCU.COM X 2015 IN FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO BE OUR MEMBERS FIRST CHOICE FOR FINANCIAL SERVICES. 10 0 494 33 185929 0 53719211 54489922 -148469 -5129666 0 53570742 49360256 42846 50358 0 16354622 18594560 0 0 29242532 29189082 45640000 47834000 7930742 1526256 841887000 883621000 753483961 792534705 88403039 91086295 We will be our members' first choice for financial services. false false FINANCIAL CENTER FIRST CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS 62,768 MEMBERS. 0 false false true false false false false false false false true true false false true false false true false false false false false false false false false true false true false false false false false true false false false false false false false false true false false false false false true 33734 0 true 494 true true true false false false false false false false X 10 0 false false false false true true true true true false true true true true true true true true true true false false IN X RYAN W COOK 3179166233 7101 E 56TH ST INDIANAPOLIS IN 46226 BRYAN FLUKE DIRECTOR 5.0 0.0 X 18000 0 0 CLAUDIA FLUENTES SECOND VICE CHAIR 5.0 0.0 X 18000 0 0 JAMES BENOIT TREASURER 5.0 0.0 X 18000 0 0 JASON PICKETT SECRETARY 5.0 0.0 X 18000 0 0 JEANINE LUGO DIRECTOR 5.0 0.0 X 6000 0 0 JEFFERY GEORGE DIRECTOR 5.0 0.0 X 18000 0 0 JR KENEIPP DIRECTOR 5.0 0.0 X 18000 0 0 LARRY MARCUM FIRST VICE CHAIR 5.0 0.0 X 21000 0 0 THOMAS SPAHR CHAIRMAN 5.0 0.0 X 24000 0 0 WILLIAM STEVENS DIRECTOR 5.0 0.0 X 18000 0 0 AARON ALSUP VP OF ERM 40.0 0.0 X 148808 0 28331 BILLY WELLS SVP MEMBER OPERATIONS 40.0 0.0 X 211900 0 6795 BRANDON TODD ANDERSON VP of LENDING 40.0 0.0 X 123875 0 24123 CAMERON MINGES CEO/PRESIDENT 40.0 0.0 X 382928 0 35877 CARL BRITTON SVP LENDING AND RISK MANAGEMENT 40.0 0.0 X 197294 0 35392 CAROL EPPERSON VP OF MARKETING 40.0 0.0 X 132941 0 17507 CHRIS LAMBERT VP OF FACILITIES 40.0 0.0 X 134837 0 6056 Christine Stefani END 022024 SVP Human Resources 40.0 0.0 X 98693 0 2477 CHRISTOPHER SIBILA SVP INFORMATION TECHNOLOGY 40.0 0.0 X 213802 0 31237 DANIELLE VORIS START 012024 VP CONTROLLER 40.0 0.0 X 107286 0 3702 DUSTY SIMMONS EVP STRATEGIC OPERATIONS 40.0 0.0 X 224117 0 27343 FRANCES TOOLEY SVP EMPLOYEE OPERATIONS 40.0 0.0 X 159440 0 28559 JAMES DAVIDSON VP OF FINANCIAL WELLNESS 40.0 0.0 X 132870 0 32727 JAMES NORTON VP OF STRATEGIC DEVELOPMENT 40.0 0.0 X 151901 0 18054 JENNIFER RUE EVP CREDIT UNION OPERATIONS 40.0 0.0 X 244574 0 21194 JOAN KERULIS SVP INT AUDIT 40.0 0.0 X 126872 0 6921 JOE PERRIN VP OF COMMERCIAL LENDING 40.0 0.0 X 135629 0 16437 KIMBERLY FLOWERS START 022024 VP MEMBER SOLUTIONS 40.0 0.0 X 122157 0 16560 KYLE ENDRES VP OF COMMUNICATION 40.0 0.0 X 125853 0 16965 OLIVIA GARMAN VP OF PAYMENTS & INTERNAL OPS 40.0 0.0 X 129934 0 25186 RYAN COOK EVP FINANCE 40.0 0.0 X 216770 0 37030 SHERRY SIGLER VP OF RETAIL OPERATIONS 40.0 0.0 X 131287 0 33006 ADRIAN PHILLIPS AVP BUSINESS INTELLIGENCE 40.0 0.0 X 136888 0 31282 APRIL WOOD FINANCIAL ADVISOR 40.0 0.0 X 115937 0 16467 DIANNA MILLER SENIOR ACCOUNTANT 40.0 0.0 X 125753 0 32837 JON STONEBRAKER BUSINESS INTELLIGENCE MANAGER 40.0 0.0 X 135262 0 17555 STEVEN SHERIDAN AVP IT OPERATIONS 40.0 0.0 X 131218 0 16203 4475826 0 585823 32 false true false KITE REALTY GROUP 33251 COLLECTION CENTER DRIVE CHICAGO IL 60693 RENT 165724 ACCURATE GROUP LLC 6000 FREEDOM SQUARE DRIVE INDEPENDENCE OH 44131 TITLES AND APPRASALS 140002 FORVIS MAZARS LLP PO BOX 200870 DALLAS IN 75320 ACCOUNTING AND AUDITING SERVICES 128102 3 0 FEES AND OTHER CHARGES 522100 3800432 3757979 42453 INTERCHANGE INCOME 522100 3379625 3379625 INSURANCE COMMISSIONS 524298 170672 170672 INTEREST INCOME 522100 46269010 46269010 INVESTMENT SERVICE FEES 522100 485292 461027 24265 384891 265680 119211 0 54489922 0 0 0 5129666 0 -5129666 -5129666 -5129666 0 0 0 0 0 49360256 49174327 185929 0 50358 0 0 0 4793175 0 10152464 590601 1963127 1095193 0 787342 78965 0 0 0 0 838362 3507961 3377178 0 1473911 609283 0 0 15320662 0 2202443 0 COLLECTION AND LOAN EXPENSES 987089 CREDIT CARD PROCESSING 494390 OTHER 150279 BAD DEBT EXPENSE -638783 0 47834000 13686064 17390296 54590550 220286232 3070343 2751537 6511572 9632071 0 0 666101461 484781635 2043836 4636160 32893030 22195210 10025079 10697820 71923848 118162772 0 664687 606884 13269560 14675593 841887000 883621000 7258557 6720384 0 0 746225404 785814321 753483961 792534705 88403039 91086295 88403039 91086295 841887000 883621000 1526256 1157000 0 X false true true false 9232 0 0 9232 9232 false MUNCIE-DELAWARE COUNTY CHAMBER OF COMMERCE 401 S HIGH ST MUNCIE IN 47305 350534380 2542 0 INDIANA CHAMBER OF COMMERCE 115 WEST WASHINGTON ST INDIANAPOLIS IN 46204 350411610 3191 0 WESTFIELD CHAMBER OF COMMERCE 17400 WESTFIELD BLVD UNIT C WESTFIELD IN 46074 351523563 2500 0 NOBLESVILLE CHAMBER OF COMMERCE 1 LIBRARY PLAZA NOBLESVILLE IN 46061 351004025 1000 0 Schedule C, Part I-A, Line 1 Description of Political Activities FINANCIAL CENTER FIRST CREDIT UNION CONTRIBUTED $2,500 TO THE WESTFIELD CHAMBER OF COMMERCE, $1,000 TO THE NOBLESVILLE CHAMBER OF COMMERCE, $2,542 TO THE MUNCIE-DELAWARE COUNTY CHAMBER OF COMMERCE, AND $3,191 TO THE INDIANA CHAMBER OF COMMERCE. 1326554 1326554 10802070 5953485 4848585 1431157 1152529 278628 18709332 15089196 3620136 623917 623917 10697820 Closely-held equity interests Financial derivatives FHLB STOCK 1580900 AFS SECURITIES 109152450 MISCELLANEOUS SECURITIES 6548890 Investment in subsidiary 880532 118162772 Federal Income Taxes FIXED BORROWINGS FHLB 18000000 SHARES 767814321 785814321 50517256 1157000 0 1157000 49360256 0 0 49360256 47834000 0 0 47834000 0 0 47834000 Schedule D, Part X ASC 740 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 WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 78974 MILWAUKEE IN 53278 396093210 501(c)(3) 7000 0 SPONSORSHIP 1 0 Schedule I, Part I, Line 2 Procedures for monitoring 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 IRS WEBSITE (https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf). There is a process to submit for consideration. This is reviewed by several members of management. X true true X X X X X true true false JAMES NORTON VP OF STRATEGIC DEVELOPMENT 144939 0 6962 0 0 0 7938 0 10116 0 169955 0 0 0 CAMERON MINGES CEO/PRESIDENT 382928 0 0 0 0 0 15525 0 20352 0 418805 0 0 0 JENNIFER RUE EVP CREDIT UNION OPERATIONS 231918 0 12656 0 0 0 10922 0 10272 0 265768 0 0 0 CARL BRITTON SVP LENDING AND RISK MANAGEMENT 187719 0 9575 0 0 0 9688 0 25704 0 232686 0 0 0 FRANCES TOOLEY SVP EMPLOYEE OPERATIONS 150999 0 8441 0 0 0 7559 0 21000 0 187999 0 0 0 BILLY WELLS SVP MEMBER OPERATIONS 202811 0 9089 0 0 0 6795 0 0 0 218695 0 0 0 SHERRY SIGLER VP OF RETAIL OPERATIONS 131287 0 0 0 0 0 7302 0 25704 0 164293 0 0 0 DUSTY SIMMONS EVP STRATEGIC OPERATIONS 212492 0 11625 0 0 0 9751 0 17592 0 251460 0 0 0 JAMES DAVIDSON VP OF FINANCIAL WELLNESS 132870 0 0 0 0 0 6603 0 26124 0 165597 0 0 0 AARON ALSUP VP OF ERM 143858 0 4950 0 0 0 7979 0 20352 0 177139 0 0 0 CHRISTOPHER SIBILA SVP INFORMATION TECHNOLOGY 204677 0 9125 0 0 0 5533 0 25704 0 245039 0 0 0 OLIVIA GARMAN VP OF PAYMENTS & INTERNAL OPS 129934 0 0 0 0 0 7378 0 17808 0 155120 0 0 0 RYAN COOK EVP FINANCE 204870 0 11900 0 0 0 11326 0 25704 0 253800 0 0 0 CAROL EPPERSON VP OF MARKETING 132941 0 0 0 0 0 7223 0 10284 0 150448 0 0 0 JOE PERRIN VP OF COMMERCIAL LENDING 135629 0 0 0 0 0 6321 0 10116 0 152066 0 0 0 JON STONEBRAKER BUSINESS INTELLIGENCE MANAGER 135262 0 0 0 0 0 7283 0 10272 0 152817 0 0 0 DIANNA MILLER SENIOR ACCOUNTANT 125753 0 0 0 0 0 7133 0 25704 0 158590 0 0 0 ADRIAN PHILLIPS AVP BUSINESS INTELLIGENCE 136888 0 0 0 0 0 5818 0 25464 0 168170 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 4a Severance or change-of-control payment A SEVERANCE PAYMENT WAS MADE TO CERTAIN PERSONS INCLUDED IN PART VII, SECTION A, LINE 1A . THE FOLLOWING RECEIVED A SEVERANCE PAYMENT FOR THE DISCLOSED AMOUNT: CHRISTINE STEFANI $77,068 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CAMERON MINGES (CEO/PRESIDENT) IS 0% VESTED IN THEIR SPLIT-DOLLAR PLANS. NO PARTIAL OR FULL VESTING FOR MINGES WILL OCCUR UNTIL 2025. JAMES RYAN CEO-RETIRED EXECUTIVE RETENTION X 3039002 3290341 false true true CAMERON MINGES PRESIDENT/CEO EXECUTIVE RETENTION X 1787823 1982741 false true true MICHAEL NELSON CFO-RETIRED EXECUTIVE RETENTION X 1220469 1348275 false true true DUSTY SIMMONS EVP STRATEGIC OPERATIONS EXECUTIVE RETENTION X 1400000 1405000 false true true JENNIFER RUE EVP CREDIT UNION OPERATIONS EXECUTIVE RETENTION X 1600000 1605714 false true true 9632071 Form 990, Part VI, 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 62,768 CREDIT UNION MEMBERS at the end of 2024. Form 990, Part VI, Line 7a Members or stockholders electing members of 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, Line 7b Decisions requiring approval by members or stockholders REGULATORY ITEMS SUCH AS CHANGES TO THE CREDIT UNION CHARTER AND MERGERS ARE SUBJECT TO APPROVAL OF THE MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER OR VP OF FINANCE/CONTROLLER AND IS SHARED WITH THE BOARD AFTER IT HAS BEEN FILED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. Form 990, Part VI, Line 12c Conflict of interest policy We provide annual training to staff and board on the code of conduct and ethics. We review any reports of conflict of interest and, if applicable (over $50), we report to the board through the board packet. IT IS THE RESPONSIBILITY OF THE DIRECTOR, COMMITTEE MEMBER, OR EMPLOYEE TO REPORT SUCH CHANGES TO THE PROPER CHANNEL. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING PERFORMANCE, JOB GRADE, AND FINANCIAL INSTITUTION SURVEY DATA. THE CEO'S SALARY WAS LAST REVIEWED ON JANUARY 1, 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE PROCESS FOR DETERMINING COMPENSATION WAS DONE USING COMPARABILITY DATA AND AN INTERNAL JOB EVALUATION PROCESS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S ARTICLES OF INCORPORATION, CODE OF REGULATION, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue G/L ON FIXED ASSETS - Total Revenue: 384891, Related or Exempt Function Revenue: 265680, Unrelated Business Revenue: 119211, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; FINANCIAL CENTER SERVICES LLC 7101 E 56TH ST INDIANAPOLIS IN 46226 900185743 INSURANCE IN 131955 881595 FCFCU