Sep, 30, 2025 — FINANCIAL PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in OTTAWA, IL with 5 branch locations and about $548.77 million in total assets. Opened 75 years ago in 1951, FINANCIAL PLUS CREDIT UNION has about 45,563 members and employs 114 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 |
|---|---|
| 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: | 45,563 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61231 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $548,770,873 |
| CEO/Manager: | Peter S Fauth |
| Chairperson: | Joseph Navarro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,570,040 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,356,741 |
| Unsecured Loans | 40,233,807 |
| Other Loans | 184,932,108 |
| TOTAL LOANS | 366,522,656 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,021,048 |
| Land And Building | 20,769,724 |
| Other Fixed Assets | 3,029,763 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,321,449 |
| All Other Assets | 0 |
| TOTAL ASSETS | 548,770,873 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,049,814 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 73,651,067 |
| Regular shares | 216,921,791 |
| All Other Shares & Deposits | 178,901,061 |
| TOTAL SHARES & DEPOSITS | 469,473,919 |
| TOTAL LIABILITIES | 475,523,733 |
| Regular Reserve | 0 |
| Other Reserves | -284,625 |
| Undivided Earnings | 73,531,765 |
| TOTAL EQUITY | 73,247,140 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 548,770,873 |
| INCOME & EXPENSE | |
| Loan Income | 16,481,135 |
| Investment Income | 4,254,885 |
| Other Income | 2,524,685 |
| Total Employee Compensation & Benefits | 6,404,349 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,700,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,694,407 |
| Cost of Funds | 4,329,740 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,351,609 |
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