Dec, 31, 2023 — FINANCIAL PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in OTTAWA, IL with 5 branch locations and about $489.03 million in total assets. Opened 73 years ago in 1951, FINANCIAL PLUS CREDIT UNION has about 43,126 members and employs 103 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) | 800 Chestnut St OTTAWA, IL 61350 |
Phone: | (815) 433-1496 |
Fax: | (815) 433-0065 |
Website: | https://www.financialplus.org |
Branches: | 5 branch locations |
Members: | 43,126 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61231 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $489,025,392 |
CEO/Manager: | Peter S Fauth |
Chairperson: | Joseph Navarro |
ASSETS: | $ Amount |
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Cash & Equivalents | 30,979,100 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 105,257,629 |
Unsecured Loans | 30,194,402 |
Other Loans | 170,133,615 |
TOTAL LOANS | 305,585,646 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,881,972 |
Land And Building | 21,478,399 |
Other Fixed Assets | 2,720,186 |
NCUSIF Deposit | 4,030,403 |
All Other Assets | 99,600 |
TOTAL ASSETS | 489,025,392 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,257,870 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 72,100,108 |
Regular shares | 212,202,826 |
All Other Shares & Deposits | 142,718,574 |
TOTAL SHARES & DEPOSITS | 427,021,508 |
TOTAL LIABILITIES | 431,279,378 |
Regular Reserve | 0 |
Other Reserves | 523,706 |
Undivided Earnings | 57,222,308 |
TOTAL EQUITY | 57,746,014 |
TOTAL LIABILITIES, SHARES, & EQUITY | 489,025,392 |
INCOME & EXPENSE | |
Loan Income | 14,586,055 |
Investment Income | 2,906,701 |
Other Income | 2,967,282 |
Total Employee Compensation & Benefits | 7,299,583 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,591,905 |
Non-operating Income & (Expense) | 37,553 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,802,155 |
Cost of Funds | 3,074,931 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,828,921 |
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