2015-05-15T17:06:00-06:00 2014-12-31 990 2014-01-01 362282191 FINANCIAL PLUS CREDIT UNION FINA 800 CHESTNUT STREET OTTAWA IL 61350 TIM ODONNELL EVP-CFO 8154331496 2015-05-15 2014 2016-02-25 16:41:14Z TIM O'DONNELL 10930912 false true X WWW.FINANCIALPLUS.ORG X COOPERATIVE 1951 IL TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 7 6 71 9 0 0 10561462 10416670 467468 514242 0 11028930 10930912 0 0 3537294 3633070 0 0 5276581 5529666 8813875 9162736 2215055 1768176 219793498 235914658 189616995 203530110 30176503 32384548 EXCEPTIONAL SERVICE TO MEMBERS false false PROVIDED 5273 NEW LOANS TO MEMBERS DURING 2014 TOTALING 50317076. THIS INCLUDES REAL ESTATE HOME EQUITY AND CONSUMER LOANS. 522130 PROVIDED 13871 SHARE DRAFT CHECKING ACCOUNTS WITH RELATED SERVICES TO MEMBERS. 522130 PROVIDED 5176 MEMBERS WITH VISA CREDIT CARDS. THE REVOLVING LINES OF CREDIT ON THESE CARDS TOTAL 18375350. 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 5381 0 true 71 true false false false false false false false X 7 6 true false false false true true true true true false false false false true true true true false X PETER FAUTH 8154331496 800 CHESTNUT STREET OTTAWA IL 61350 GILBERT MEYER BOARD CHAIR 2 X 0 0 0 PAUL SWEEDEN VICE CHAIR 2 X 0 0 0 WILLIAM MUCCI BOARD SECRETARY 2 X 0 0 0 ANTHONY QUIGLEY BOARD TREASURER 2 0 0 0 DOMINIC PRECI SUPERVISORY COMMITTEE 2 0 0 0 ROBERT MARSHALL SUPERVISORY COMMITTEE 2 0 0 0 VINCENT KOZSDIY SUPERVISORY COMMITTEE 2 0 0 0 JACK TEAUSANT FORMER CEO RETIRED 40 X X 230606 0 13798 TIM ODONNELL PRESIDENT 40 X 176962 0 14320 SANDY BURKART VICE PRESIDENT 40 X 117882 0 12246 PETER FAUTH EXEC. VICE PRESIDENT - CFO 40 X 149781 0 13425 BETSY PENOYER VICE PRESIDENT 40 X 91644 0 5561 766875 59350 true true false DIGITAL INSIGHT 1300 SEAPORT BLVD SUITE 300 REDWOOD CITY CA 94063 INTERNET BANKING PROVIDER 546134 FISERV 75 REMITTANCE DR CHICAGO IL 60675 DATA PROCESSING SYSTEMS PROVIDER 515380 BLUE CROSS BLUE SHIELD OF IL PO BOX 1186 CHICAGO IL 60690 EMPLOYEE HEALTH INSURANCE PROVIDER 402161 LKCS INC 4130 PLANK ROAD PERU IL 61354 MARKETING AND STATEMENT PROCESSING 272634 LASALLE COUNTY COLLECTOR 707 E ETNA ROAD OTTAWA IL 61350 REAL ESTATE TAXES 138409 6 INTEREST ON LOANS 522291 6822454 6822454 SHARE DRAFTS DEBIT INCOME 522130 2482357 2482357 VISA CREDIT CARD INCOME 522210 406873 406873 OTHER LOAN INCOME 522291 468338 468338 ACCIDENTAL DEATH INSURANCE 524290 37686 37686 198962 198962 10416670 514242 514242 10930912 10930912 0 0 826225 2094051 137688 393185 181921 6946 31276 278915 586358 926951 427517 49913 46598 393781 99644 DIVIDENDS PAID ON SHARES 873726 VISA LOAN AND COLLECTIONS EXPENSE 455236 SHARE DRAFT DEBIT AND ATM EXPENSE 716173 PROVISION FOR LOAN LOSSES 413717 222915 9162736 0 0 0 2794367 3596703 30079939 48059892 136322376 140538990 2045007 1820140 6969999 6832086 6969999 37158692 30136084 4561031 4792850 219793498 235914658 1570337 906185 188046658 202623925 189616995 203530110 30176503 32384548 30176503 32384548 219793498 235914658 X 1768176 181564 258305 X false false false false 1952258 1952258 4109521 4109521 908220 908220 6969999 MEMBER SHARES 202623924 202623924 X X true true X X X X false false false JACK TEAUSANT 149177 58305 23124 TIM ODONNELL 132913 35490 8559 PART VI SEC. A 2 - JACK TEAUSANT AND SANDY BURKART - FAMILY RELATIONSHIP. PART VI SEC. A 2 - ALL EMPLOYEES INCLUDING OFFICER GO THROUGH AN ANNUAL PERFORMANCE EVALUATION PROCESS AND ARE GIVEN SALARY INCREASE CONSIDERATION BASED ON PERFORMANCE. SALARY LEVELS ARE GAUGED VIA INDEPENDENT PUBLISHED COMPENSATION SURVEYS. PART VI SEC. C 19 - FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ANNUAL REPORTS INCLUDING YEAR-END FINANCIAL STATEMENTS AND A REPORT OF THE DIRECTORS ARE AVAILABALE IN OUR OFFICES OR ON OUR WEBSITE. PART IV SEC. A 11 - 990 IS PREPARED BY CFO AND REVIEWED WITH OFFICERS BOARD OF DIRECTORS AND EXTERNAL AUDITORS. PART XI 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES RETAINED EARNINGS WERE INCREASED BY 258305 DUE TO A MERGER WITH UTILITY EMPLOYEES LASALLE SERVICE AREA CREDIT UNION ON JULY 1 2014.