Dec, 31, 2023 — FINANCIAL PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in WEST DES MOINES, IA with 4 branch locations and about $202.09 million in total assets. Opened 95 years ago in 1929, FINANCIAL PLUS CREDIT UNION has about 11,921 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINANCIAL PLUS CREDIT UNION |
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Address: (Main Office) | 1831 25th St WEST DES MOINES, IA 50266-1416 |
Phone: | (515) 224-1222 |
Fax: | (515) 224-0961 |
Website: | https://www.financialpluscu.com |
Branches: | 4 branch locations |
Members: | 11,921 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62965 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1929 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $202,093,219 |
CEO/Manager: | Dave Cale |
Chairperson: | Phillip Williams |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,030,384 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 86,143,442 |
Unsecured Loans | 8,039,145 |
Other Loans | 56,698,500 |
TOTAL LOANS | 150,881,087 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -641,699 |
Land And Building | 5,068,067 |
Other Fixed Assets | 360,327 |
NCUSIF Deposit | 1,776,684 |
All Other Assets | 0 |
TOTAL ASSETS | 202,093,219 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 34,474 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,782,716 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 45,400,939 |
Regular shares | 64,739,686 |
All Other Shares & Deposits | 64,245,020 |
TOTAL SHARES & DEPOSITS | 174,385,645 |
TOTAL LIABILITIES | 176,202,835 |
Regular Reserve | 0 |
Other Reserves | 4,313,733 |
Undivided Earnings | 21,576,651 |
TOTAL EQUITY | 25,890,384 |
TOTAL LIABILITIES, SHARES, & EQUITY | 202,093,219 |
INCOME & EXPENSE | |
Loan Income | 6,157,427 |
Investment Income | 1,869,408 |
Other Income | 777,033 |
Total Employee Compensation & Benefits | 2,589,394 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,189,983 |
Non-operating Income & (Expense) | 12,500 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,941 |
Cost of Funds | 688,996 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,326,490 |
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