2025-11-07T10:45:31-06:00 2024-12-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2024-01-01 381439120 FINANCIAL PLUS CREDIT UNION FINA 8102442200 PO BOX 7006 FLINT MI 48507 WADE DECKER CHIEF FINANCIAL OFFICER 8102442927 2025-11-07 1 1 JEFFREY E HERT CPA P00066715 9897999580 2025-11-07 2024 2025-03-06 01:10:19Z WADE DECKER G-3381 VAN SLYKE ROAD FLINT MI 48507 185730506 0 X WWW.MYFPCU.COM X 1952 MI ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS AND OUR COMMUNITIES. 9 9 349 18 126055 0 0 0 66599156 77362644 9619252 12908933 0 0 76218408 90271577 0 0 0 0 23325778 25857601 0 0 0 43423751 52405820 66749529 78263421 9468879 12008156 1286739109 1407340183 1142750941 1245897269 143988168 161442914 COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE! 0 0 WE PROVIDE SAFE AND AFFORDABLE FINANCIAL PRODUCTS THAT ENABLED OUR 81,000+ MEMBERS TO MEET FINANCIAL GOALS SUCH AS PURCHASING A VEHICLE OR NEW HOME, SAVING FOR LIFE EVENTS SUCH AS COLLEGE AND WEDDINGS, OR JUST PAYING BILLS EFFICIENTLY AND CONVENIENTLY ONLINE OR WITH THEIR PHONES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 18811 0 1 349 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MI X WADE DECKER 8102442927 G-3381 VAN SLYKE ROAD FLINT MI 48507 MICHAEL BALLS VICE CHAIRMAN 1.00 X X 0 0 0 BARNEY HENNESSY CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER ALLAMON VP OF TECHNOLOGY 50.00 X 142308 0 17621 KIM JONES SECRETARY 1.00 X X 0 0 0 KIRK RHEAUME DIRECTOR 1.00 X 0 0 0 DIANA WEBB TREASURER 1.00 X X 0 0 0 LARRY CAMPBELL DIRECTOR 1.00 X 0 0 0 LISA SHOEMAKER VP OF MORTGAGE LENDING 50.00 X 155418 0 37279 BERNARD WILLIAMS INTEGRATION ADVISOR 50.00 X 376355 0 50169 BERNARD HENNESSY BOARD CHAIRPERSON 1.00 X 0 0 0 RON JANSSON DIRECTOR 1.00 X 0 0 0 LISA WILSON DIRECTOR 1.00 X 0 0 0 GERALD LITTLE DIRECTOR 1.00 X 0 0 0 GUS ALEXANDER DIRECTOR 1.00 X 0 0 0 WADE DECKER CFO 50.00 X 349752 0 56364 BRADLEY BERGMOOSER PRESIDENT & CEO 50.00 X 672729 0 61383 DEANNA WALLACE SVP OF PEOPLE AND RETAIL D 50.00 X 234088 0 43100 RACHELLE KIPPE SVP OF LENDING 50.00 X 234801 0 47598 JESSICA MCNIER SVP OF TECH AND INNOVATION 50.00 X 159381 0 36323 MICHELLE THOMPSON SVP OF OPERATIONS 50.00 X 172156 0 39084 NATHAN ADAMS DIRECTOR OF BUSINESS SERVI 50.00 X 171813 0 40111 DOUG FENLON DIRECTOR OF IT 50.00 X 155470 0 33440 2824271 0 462472 28 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CALL/CONTACT CENTER OUTSOURCING 2333952 MDT 7415 CHICAGO DR WARREN MI 48092 CORE SYSTEMS CHARGES 2233755 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 VISA CARD BIN NUMBER SYSTEM CHARGES 1260718 WOBIG 527 N WOODBRIDGE ST SAGINAW MI 48602 BRANCH REMODELING 924813 BACKSWING MARKETING 61 ANNETTO DR CROWN POINT IN 46307 MEDIA ADS 728857 39 LOAN INTEREST 522100 59087029 59087029 FEES & OPERATING INCOME 522100 18275615 18149560 126055 77362644 13752778 13752778 94598127 16957 95431515 27414 -833388 -10457 -843845 -843845 90271577 90145522 126055 0 2885912 16771428 2087374 2640331 1472556 534292 35916 236161 521854 2306085 4428738 4664954 675485 324450 19559752 2710772 120946 PROVISION FOR LOAN LOSS 9134757 REPAIRS AND MAINTENANCE 2156553 LOAN SERVICING 1781740 CREDIT CARD EXPENSES 1592256 1621109 78263421 16965267 17794054 64846712 120174777 16262238 18172599 3474000 4539615 915285335 975686232 0 87478 1866689 2069706 45056465 24736482 19656563 20319983 218687850 214555194 4050000 4050000 8184638 7231088 17459817 22659457 1286739109 1407340183 12954414 8093008 2000335 1746721 65000000 90000000 1062796192 1146057540 1142750941 1245897269 X 0 0 0 0 143988168 161442914 143988168 161442914 1286739109 1407340183 X 12008156 4991702 454888 X X 0 1 X 1 0 4368066 4368066 30444363 16063881 14380482 9198158 8672601 525557 1045878 1045878 20319983 ACCRUED PAYROLL LIABILITIES 2575346 MEMBERS' ACCOUNTS 1137660045 OTHER LIABILITIES -305851 PRIMARY FINANCIAL SIMPLI CD 6128000 1146057540 X 90271577 0 90271577 0 90271577 78263421 0 78263421 0 78263421 PART X, LINE 2: THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2021 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2024. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2024 AND 2023, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. X 1 1 X X X X X 0 0 0 BRADLEY BERGMOOSER PRESIDENT & CEO 509622 0 144986 0 18121 0 38577 0 22806 0 734112 0 0 0 BERNARD WILLIAMS INTEGRATION ADVISOR 368855 0 0 0 7500 0 33773 0 16396 0 426524 0 0 0 WADE DECKER CFO 273462 0 60540 0 15750 0 33777 0 22587 0 406116 0 0 0 RACHELLE KIPPE SVP OF LENDING 196625 0 38176 0 0 0 26402 0 21196 0 282399 0 0 0 DEANNA WALLACE SVP OF PEOPLE AND RETAIL D 195637 0 38451 0 0 0 25655 0 17445 0 277188 0 0 0 NATHAN ADAMS DIRECTOR OF BUSINESS SERVI 133918 0 37895 0 0 0 19670 0 20441 0 211924 0 0 0 MICHELLE THOMPSON SVP OF OPERATIONS 152981 0 19175 0 0 0 18294 0 20790 0 211240 0 0 0 JESSICA MCNIER SVP OF TECH AND INNOVATION 140973 0 18408 0 0 0 17443 0 18880 0 195704 0 0 0 LISA SHOEMAKER VP OF MORTGAGE LENDING 126350 0 29068 0 0 0 19130 0 18149 0 192697 0 0 0 DOUG FENLON DIRECTOR OF IT 141993 0 13477 0 0 0 16960 0 16480 0 188910 0 0 0 CHRISTOPHER ALLAMON VP OF TECHNOLOGY 132283 0 10025 0 0 0 7699 0 9922 0 159929 0 0 0 BERNARD WILLIAMS INTEGRATION ADVISOR SPLIT DOLLAR LIFE INSURANCE X 1312000 1431620 0 1 1 BRADLEY BERGMOOSER CEO SPLIT DOLLAR LIFE INSURANCE X 305900 308449 0 1 1 BRADLEY BERGMOOSER CEO SPLIT DOLLAR LIFE INSURANCE X 1975000 2081169 0 1 1 WADE DECKER CFO SPLIT DOLLAR LIFE INSURANCE X 714500 718377 0 1 1 4539615 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT AND VOTE ON BOARD MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ELECT AND VOTE ON BOARD MEMBERS AT THE ANNUAL MEETING. MERGER INTO ANOTHER INSTITUTION WOULD BE VOTED ON BY THE ENTIRE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER WILL REVIEW THE 990 WITH THE BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED BY MEMBERS. RELATED PARTIES ARE REVIEWED ON A QUARTERLY BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE INDUSTRY COMPENSATION DATA IS OBTAINED FROM A THIRD PARTY PROVIDER AND REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE CONDENSED FINANCIAL STATEMENT IS POSTED AT EACH OF THE BRANCHES MONTHLY. FORM 990, PART XI, LINE 9: LIABILITY ADJ. ON POST-RETIREMENT HEALTH CARE 454,888. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.