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
What do the Facebook reviews say about Financial Plus Credit Union?
94% of 50 reviewers on Facebook recommend Financial Plus Credit Union. Here is a summary of their reviews:
Many long-time members express great loyalty to the credit union, often highlighting the consistent support they've received throughout the years. One user emphasized their relationship spanning over 40 years, noting that the institution has always been there when needed. This sentiment reflects a strong commitment to customer service and satisfaction.
Overall, it appears that Financial Plus Credit Union has built a positive reputation among its members, with many feeling confident in their decision to remain loyal to the institution. The strong recommendation rate suggests that they effectively meet the needs of their clients.
This AI summary has been generated from reviews found on Facebook.
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 tax deductible.
Heare 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):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $335,621
- Related: $0
- Other: $16,029
- Compensation: $253,653
- Related: $0
- Other: $20,055
- Compensation: $147,206
- Related: $0
- Other: $19,513
- Compensation: $108,820
- Related: $0
- Other: $291
- Compensation: $133,995
- Related: $0
- Other: $135
- Compensation: $140,117
- Related: $0
- Other: $12,614
Official website here: www.financialplus.org
Where can I find the form 990 for Financial Plus Credit Union?
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.
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Impact
October, 2024
Financial Plus Credit Union plays a significant role in enhancing the financial well-being of its members through a diverse range of services tailored to meet their needs. By providing loans, savings accounts, and other financial services, the credit union empowers individuals and families to achieve their financial goals.
In 2021 alone, Financial Plus Credit Union issued 6,481 new loans, amounting to an impressive total of $112,607,267. This includes various types of loans such as real estate, home equity, and consumer loans, which facilitate home ownership, education, and personal development. Furthermore, the credit union extended Visa credit cards to 6,441 members, offering revolving lines of credit that totaled $24,809,130, thereby enabling members to manage their expenses more flexibly.
The commitment to exceptional service ensures that members receive personalized assistance in navigating their financial journeys. Through these efforts, Financial Plus Credit Union not only strengthens the individual financial capacity of its members but also contributes to the overall economic vitality of the Ottawa community and beyond.
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.
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.
- Investment Income: $1,975,279
- Program Service Revenue: $18,367,010
- Gross Receipts: $20,342,289
Assets and Liabilities:
- Total Assets: $468,066,782
- Total Liabilities: $416,662,389
- Net Assets: $51,404,393
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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) 433-1496Principal Officer
Fielding Lockas
Main Address
800 CHESTNUT STREET, OTTAWA, IL, 61350
Website
www.financialplus.orgNTEE Category
Code: W61 - Public benefit
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