Sep, 30, 2025 — FINANCIAL PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in WEST DES MOINES, IA with 4 branch locations and about $227.96 million in total assets. Opened 97 years ago in 1929, FINANCIAL PLUS CREDIT UNION has about 11,778 members and employs 33 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) | 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: | 11,778 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62965 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $227,963,443 |
| CEO/Manager: | Dave Cale |
| Chairperson: | Phillip Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,058,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 94,203,220 |
| Unsecured Loans | 11,725,511 |
| Other Loans | 61,561,843 |
| TOTAL LOANS | 167,645,786 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -683,279 |
| Land And Building | 4,909,125 |
| Other Fixed Assets | 5,278,086 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,837,822 |
| All Other Assets | 0 |
| TOTAL ASSETS | 227,963,443 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 163,776 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,304,532 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,011,946 |
| Regular shares | 60,848,891 |
| All Other Shares & Deposits | 89,935,110 |
| TOTAL SHARES & DEPOSITS | 194,795,949 |
| TOTAL LIABILITIES | 196,264,257 |
| Regular Reserve | 0 |
| Other Reserves | 6,456,661 |
| Undivided Earnings | 25,242,525 |
| TOTAL EQUITY | 31,699,186 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 227,963,443 |
| INCOME & EXPENSE | |
| Loan Income | 6,427,583 |
| Investment Income | 1,253,632 |
| Other Income | 546,894 |
| Total Employee Compensation & Benefits | 2,160,078 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,872,926 |
| Non-operating Income & (Expense) | 6,514 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 298,506 |
| Cost of Funds | 1,583,138 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,115,055 |
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