Overview
What is Financial Plus Credit Union?
Financial Plus Credit Union is a member-focused financial institution that aids in the financial well-being of its members. Established in 2021, they provided 6,481 new loans worth $112,607,267, encompassing real estate, home equity, and consumer loans. Furthermore, they issued 6,441 Visa credit cards with revolving lines of credit totaling $24,809,130. By offering loans, savings accounts, and other financial services, Financial Plus Credit Union empowers its members to effectively manage their financial situations with exceptional customer service.
Official website here: www.financialplus.org
Is Financial Plus Credit Union legitimate?
Financial Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial Plus Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,188,049
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,691,605
For more financial information, click here
Official website here: www.financialplus.org
What is the mission statement of Financial Plus Credit Union?
Financial Plus Credit Union is dedicated to helping its members effectively manage their financial health. Through offering a variety of services, such as loans and savings accounts, the credit union aims to enhance its members' financial wellbeing. In 2021, the credit union granted 6,481 new loans to members, with a total value of over $112 million. These loans encompassed various types, including real estate, home equity, and consumer loans. Moreover, the credit union issued 6,441 Visa credit cards, with a combined revolving line of credit amounting to almost $25 million.
Official website here: www.financialplus.org
Who is the CEO of Financial Plus Credit Union?
Fielding Lockas is the Chairperson of Financial Plus Credit Union. The CEO's salary of Financial Plus Credit Union is $335,621 and their total compensation is $351,650.
Official website here: www.financialplus.org
What is the revenue of Financial Plus Credit Union?
Financial Plus Credit Union's revenue in 2022 was $20,342,289.
Official website here: www.financialplus.org
Who are the executives of Financial Plus Credit Union and what are their salaries?
The average compensation at Financial Plus Credit Union during 2022 was $44,360. There are 110 employees and 7 volunteers at Financial Plus Credit Union.
Here are 13 key members and their salaries (Financial Plus Credit Union's CEO's salary is $335,621 and their total compensation is $351,650):
- Timothy O'Donnell (President & Ceo)
- Peter Fauth (Executive Vp)
- Dianne Bangert (Vp - Coo)
- Thomas Gregor (Vp - Cio)
- Kathleen Jenkins (Vp - Lending)
- Jean Mcdonald (Vp - Cfo)
- Vincent Kozsdiy (Chairperson) [Trustee/Director]
- Joseph Navarro (Vice Chairperson) [Trustee/Director]
- Thomas Bretag (Treasurer) [Trustee/Director]
- Chad Cox (Secretary) [Trustee/Director]
- Paul Sweeden (Director)
- Anthony Quigley (Director)
- Esmeralda Martinez (Director)
Official website here: www.financialplus.org
Where can I find the form 990 for Financial Plus Credit Union?
The Financial Plus Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.financialplus.org
Learn more at the official website: www.financialplus.org
Mission Statement of Financial Plus Credit Union
Financial Plus Credit Union, a financial institution dedicated to its members, strives to help them manage their financial health. With a focus on exceptional service, the credit union offers various financial services including loans and savings accounts. In the past year, Financial Plus Credit Union granted 6,481 new loans to its members, amounting to a total of $112,607,267. These loans encompassed various categories such as real estate, home equity, and consumer loans. Furthermore, 6,441 members were provided with Visa credit cards, offering them revolving lines of credit totaling $24,809,130. By extending these financial resources, Financial Plus Credit Union empowers its members to make informed decisions and improve their financial wellbeing.
Impact
This information is meant to be a general summary of Financial Plus Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Financial Plus Credit Union has a significant impact on the financial well-being of its members by providing a wide range of crucial services. In 2021, the credit union issued 6,481 new loans totaling $112,607,267, encompassing real estate, home equity, and consumer loans. Moreover, 6,441 members were supplied with Visa credit cards containing revolving lines of credit amounting to $24,809,130. These numbers underscore the tangible assistance that Financial Plus Credit Union offers its members in managing their financial affairs effectively.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$10,878,662
FEES & CHARGES
Revenue
$6,103,814
OTHER INCOME
Revenue
$1,384,534
Organization Details
Founding Year
1951
Phone
(815) 433-1496
Principal Officer
Fielding Lockas
Main Address
800 CHESTNUT STREET, OTTAWA, IL, 61350
Website
www.financialplus.org
NTEE Category
Code: W61 - Public benefit
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