2016-05-16T17:44:00-06:00 2015-12-31 990 2015-01-01 362282191 Financial Plus Credit Union % Peter Fauth FINA 8154331496 800 Chestnut Street Ottawa IL 61350 PETER FAUTH Executive Vice President CFO 8154331496 2016-05-16 2015 2016-09-27 15:27:22Z TIMOTHY N ODONNELL 800 Chestnut Street Ottawa IL 61350 12166280 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 6 87 9 0 0 10416670 11460459 514242 705821 0 10930912 12166280 0 0 3633070 4095814 0 0 5529666 5811314 9162736 9907128 1768176 2259152 235914658 280299647 203530110 244627600 32384548 35672047 Exceptional Service to Members false false Provided 5,917 new loans to members during 2015 totaling $62,428,014. This includes real estate, home equity, and consumer loans. Provided 16,984 share draft checking accounts with related services to members. Provided 5,607 members with Visa credit cards. The revolving lines of credit on these cards total $20,209,727. 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 5093 0 true 87 true false false false false false false false X 7 6 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 DOMINIC PRECI Supervisory Chair 2.000 X 0 0 0 ROBERT MARSHALL Supervisory Committee 2.000 X 0 0 0 VINCENT KOZSDIY Supervisory Committee 2.000 X 0 0 0 TIM ODONNELL President CEO 40.00 X 194088 0 0 PETER FAUTH Executive VP CFO 40.00 X 152306 0 0 BETSY PENOYER Vice President 40.00 X 94653 0 0 DIANNE BANGERT Vice President COO 40.00 X 77521 0 0 SANDY BURKART Vice President 40.00 X 87658 0 0 606226 2 false true false Digital Insight PO Box 515306 Los Angeles CA 900516606 Internet banking provider 656723 Blue Cross Blue Shield IL 25550 Network Place Chicago IL 606731255 Employee Health Insurance 427308 Fiserv 75 Remittance Drive Ste 1649 Chicago IL 606751649 Data Processing Systems 257978 LKCS Inc 4130 Plank Road Peru IL 61354 MarketingStatement Proc 299372 LaSalle County Collector 707 East Etna Road Ottawa IL 61350 Real Estate Taxes 140677 5 Interest on Loans 522291 7228541 7228541 Draft Debit Income 522100 2944084 2944084 Visa Credit Crd Income 522210 421311 421311 Other loan income 522291 560113 560113 Accidental Death Ins 524298 41427 41427 264983 264983 11460459 705821 705821 12166280 12166280 X 658375 2526483 256268 445385 209303 6900 33251 306228 655539 1047867 481084 51677 52920 412640 92860 Dividends Paid on Shares 791330 Visa, Loan, and Collections 497449 Draft, Debit and ATM Exp 876166 Provision for Loan Losses 330522 174881 9907128 0 0 0 3596703 6509898 48059892 47735461 140538990 164655131 1820140 1630921 7039317 6969999 7039317 30136084 43822671 4792850 8906248 235914658 280299647 906185 2195506 202623925 242432094 203530110 244627600 X 32384548 35672047 32384548 35672047 235914658 280299647 X 2259152 -145683 1174030 X false false false false false false false false false false 2040442 2040442 4160715 4160715 838160 838160 7039317 8906248 8906248 Member Shares 242432094 242432094 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 DOMINIC PRECI Supervisory Chair ROBERT MARSHALL Supervisory Committee VINCENT KOZSDIY Supervisory Committee TIM ODONNELL President CEO 144425 35750 13913 15688 209776 PETER FAUTH Executive VP CFO 117937 30316 4053 14423 166729 BETSY PENOYER Vice President 92784 1869 12204 106857 DIANNE BANGERT Vice President COO 77521 7350 84871 SANDY BURKART Vice President 86214 1444 2484 90142 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. Other Credit union pays for Tim O'Donnell's spousal travel, pursuant to written Part I, Line 1a policy in his contract, approval by the Supervisory committee of the board Other of directors, and reporte 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 - $174881.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part XI Line 9 Merged in reserves Part XI Line 9 MCCU and SMHFCU