Financial Plus Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381439120 ✦ Flint, MI ✦ Designated as a 501(c)(14)

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Overview

What is Financial Plus Credit Union?

Financial Plus Credit Union is a Michigan-based credit union with over 81,000 members. Their mission is to provide affordable financial products and services, enabling members to achieve financial goals and improve their overall financial well-being. The organization offers various solutions, such as vehicle and home loans, savings programs for life events, and convenient online and mobile banking services. With a team of 352 employees, Financial Plus Credit Union is dedicated to enhancing the financial stability of its members and contributing to the betterment of the communities it serves.


Official website here: www.myfpcu.com

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: $1,800,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,912,664

For more financial information, click here


Official website here: www.myfpcu.com

What is the mission statement of Financial Plus Credit Union?

Financial Plus Credit Union is dedicated to improving the financial well-being of its members. With a commitment to service, the credit union provides affordable financial products to help its 81,000+ members meet their financial goals, be it purchasing a vehicle or new home, saving for life events, or managing bills efficiently. The credit union goes beyond just financial services, enriching the communities it serves.


Official website here: www.myfpcu.com

Who is the CEO of Financial Plus Credit Union?

Wade Decker is the Vice Chairman of Financial Plus Credit Union. The CEO's salary of Financial Plus Credit Union is $559,036 and their total compensation is $634,290.


Official website here: www.myfpcu.com

What is the revenue of Financial Plus Credit Union?

Financial Plus Credit Union's revenue in 2022 was $49,966,116.


Official website here: www.myfpcu.com

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 $38,957. There are 352 employees and 18 volunteers at Financial Plus Credit Union.


Here are 22 key members and their salaries (Financial Plus Credit Union's CEO's salary is $559,036 and their total compensation is $634,290):


Michael Balls (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barney Hennessy (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Tynes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Jones (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Rheaume (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Webb (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Jansson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gus Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Wallace (Svp Of Hr & Member Experie)
  • Compensation: $214,530
  • Related: $0
  • Other: $35,632
Wade Decker (Cfo)
  • Compensation: $294,525
  • Related: $0
  • Other: $49,051
Bradley Bergmooser (President & Ceo)
  • Compensation: $559,036
  • Related: $0
  • Other: $75,254
Rachelle Kippe (Svp Of Lending)
  • Compensation: $215,331
  • Related: $0
  • Other: $39,941
Michelle Thompson (Vp Of Operations)
  • Compensation: $116,707
  • Related: $0
  • Other: $29,602
Nathan Adams (Director Of Comm. Lending)
  • Compensation: $192,491
  • Related: $0
  • Other: $37,332
Steven Martin (Director Of Internal Audit)
  • Compensation: $146,352
  • Related: $0
  • Other: $27,746
Lisa Shoemaker (Vp Of Mortgage Lending)
  • Compensation: $161,393
  • Related: $0
  • Other: $22,619
Bernard Williams (Integration Advisor)
  • Compensation: $422,128
  • Related: $0
  • Other: $34,375
Tammy O'Leary (Integration Advisor)
  • Compensation: $212,137
  • Related: $0
  • Other: $9,230
Susan Bennett (Vp Of It & Operations)
  • Compensation: $146,009
  • Related: $0
  • Other: $24,615


Official website here: www.myfpcu.com

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.myfpcu.com

Learn more at the official website: www.myfpcu.com

Mission Statement of Financial Plus Credit Union

Financial Plus Credit Union, a committed financial institution, is dedicated to enhancing the financial well-being of its members. With a passion for service, this credit union goes above and beyond to enrich the communities it serves.

Through its offerings, Financial Plus Credit Union provides members with safe and affordable financial products, allowing them to effectively reach their financial goals. Be it purchasing a new home or vehicle, saving for significant life events like college or weddings, or simply managing bills efficiently, the credit union's solutions cater to various financial needs.

Members of Financial Plus Credit Union can benefit from an extensive range of financial tools, enabling them to save, borrow, and manage their finances in a convenient and efficient manner. Online and mobile banking options provide added flexibility, ensuring members can access their accounts and manage their finances from anywhere at any time.

In summary, Financial Plus Credit Union is a dedicated financial institution with a strong commitment to its members and the communities it serves. By offering safe and affordable financial products and convenient banking solutions, it empowers its members to effectively manage their finances and reach their financial goals.

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Impact




October, 2024

Financial Plus Credit Union has a significant impact on the financial well-being of its members and the broader community. With over 81,000 members, the credit union offers safe and affordable financial products that help individuals achieve their financial goals. This includes providing access to loans for purchasing vehicles and homes, along with savings solutions for important life events like college and weddings.

In addition to facilitating personal financial achievements, Financial Plus Credit Union emphasizes convenience by offering efficient online and mobile banking services, enabling members to pay bills easily. The organization is committed to enriching the communities it serves, reflecting a strong dedication to service and the overall enhancement of financial stability among its members. Through its focused approach, Financial Plus Credit Union plays a vital role in promoting economic empowerment and community development in Flint, MI 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.

Revenue
$49,966,116 (2022)
Expenses
$42,573,487 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,711,442
  • Program Service Revenue: $45,254,674
  • Gross Receipts: $177,406,353

Assets and Liabilities:

  • Total Assets: $1,232,513,294
  • Total Liabilities: $1,101,199,184
  • Net Assets: $131,314,110

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$29,742,098

FEES & OPERATING INCOME

Revenue

$15,512,576

Organization Details

Founding Year

1952

Principal Officer

Wade Decker

Main Address

PO BOX 7006, FLINT, MI, 48507

NTEE Category

Code: W60 - Public benefit

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