2012-05-15T13:29:00-07:00 2011-12-31 990 2011-01-01 362282191 FINANCIAL PLUS CREDIT UNION FINA 8154331496 800 CHESTNUT STREET OTTAWA IL 61350 JOHN TEAUSANT 8154331496 2012-05-14 2011 2016-02-24 21:20:13Z FINANCIAL PLUS CREDIT UNION JOHN TEAUSANT 10772995 false true X WWW.FINANCIALPLUS.ORG X COOPERATIVE 1951 IL TO ASSIAT OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 7 5 72 9 0 0 10546819 10539370 322754 233625 0 10869573 10772995 0 0 3168142 3327786 0 0 5987754 5563099 9155896 8890885 1713677 1882110 175451949 192552938 151826312 166672061 23625637 25880877 EXCEPTIONAL SERVICE TO MEMBERS false false PROVIDED 5483 NEW LOANS TO MEMBERS DURING 2011 TOTALING 66878687. THIS INCLUDES REAL ESTATE HOME EQUITY AND CONSUMER LOANS. PROVIDED 12604 SHARE DRAFT CHECKING ACCOUNTS WITH RELATED SERVICES TO MEMBERS. PROVIDED 5091 MEMBERS WITH VISA CREDIT CARDS. THE REVOLVING LINES OF CREDIT ON THESE CARDS TOTAL 18024734. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 6297 0 true 72 true false false false false false false X 7 5 true false false false true true true true true false false false false false true true true false PETER FAUTH 8154331496 800 CHESTNUT STREET OTTAWA IL 61350 LEROY JENKINS 2 X 0 0 0 PAUL SWEEDEN 2 X 0 0 0 WILLIAM MUCCI 2 X 0 0 0 GILBERT MEYER 2 X 0 0 0 DOMINIC PRECI 2 X 0 0 0 ROBERT MARSHALL 2 X 0 0 0 ANTHONY QUIGLEY 2 X 0 0 0 JACK TEAUSANT 40 X 225223 0 18586 TIM O'DONNELL 40 X 132314 0 15135 SANDY BURKART 40 X 102670 0 14041 BETTY FREY 40 X 105405 0 14148 PETER FAUTH 40 X 102283 0 14023 667895 75933 5 false true false LKCS INC 4130 PLANK ROAD PERU IL 61354 MARKETING AND STATEMENT PROCESSING 293024 BLUE CROSS BLUE SHIELD PO BOX 1186 CHICAGO ID 60690 EMPLOYEE HEALTH INSURANCE 288117 INTUIT FINANCIAL SERVICES INC PO BOX 515306 LOS ANGELES CA 90051 INTERNET BANKING PROVIDER 201763 FISERV INC 75 REMITTANCE DR CHICAGO ID 60675 DATA PROCESSING SYSTEMS 178391 ROUTE 66 PO BOX 1075 MOUNTAIN HOME AR 72654 MAINTENANCE WARRANTY INSURANCE PROVIDER 119410 6 INTEREST ON LOANS 522291 7421497 7421497 SHARE DRAFTS DEBIT-ATM INCOME 522130 2221252 2221252 VISA CREDIT CARD INCOME 522210 379259 379259 OTHER LOAN INCOME 522291 376726 376726 ACCIDENTAL DEATH INSURANCE REIMBURSEMENT 524290 30629 30629 110007 110007 10539370 233625 233625 10772995 10772995 0 0 743828 1847534 256721 324227 155476 3503 29650 291489 506077 324463 365002 65939 28769 413121 447468 DIVIDENDS PAID ON SHARES 1378189 VISA LOAN AND COLLECTIONS EXPENSES 309740 SHARE DRAFT DEBIT AND ATM EXPENSES 544487 PROVISION FOR LOAN LOSSES 455789 399413 8890885 0 0 0 3245941 2894638 38054813 23407477 123702904 132799212 231233 2485288 7389135 7491765 7389135 19973912 2725293 3603276 175451949 192552938 1511601 1616399 150314711 165055662 151826312 166672061 X 23625637 25880877 23625637 25880877 175451949 192552938 X 1882110 373130 X false false false false false 2060818 2060818 4650265 4650265 678052 678052 7389135 MEMBER SHARES 165055662 165055662 X X true true X X X X false false false false false false false false false false JACK TEAUSANT 168678 47736 8809 18586 243809 PART VI SEC. A 2 - JACK TEAUSANT AND SANDY BURKART - FAMILY RELATIONSHIP. PART VI SEC. B 15AB - ALL EMPLOYEES INCLUDING OFFICERS GOT THOUGH AN ANNUAL PERFORMANCE EVALUATION PROCESS AND ARE GIVEN SALARY INCREASE CONSIDERATION BASED ON PERFORMANCE. SALARY LEVELS ARE GAUGED VIA INDEPENDENT PUBLISHED COMPENSATION SURVEYS. PART VI SEC. C. 19 - FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ANNUAL REPORTS INCLUDING YEAR END FINANCIAL STATEMENTS AND A REPORT OF THE DIRECTORS ARE AVAILABLE IN OUR OFFICES AND ON OUR WEBSITE. PART VI SEC. A. 11 - 990 IS PREPARED BY CFO AND REVIEWED WITH OFFICERS BOARD OF DIRECTORS AND EXTERNAL AUDITORS. PART XI - RECONCILIATION OF NET ASSETS 5 - OTHER CHANGES IN NET ASSETS LASALLE COUNTY SCHOOL EMPLOYEES CREDIT UNION WAS MERGED INTO FINANCIAL PLUS CREDIT UNION EFFECTIVE NOV. 1 2011. LCSECU REGULAR RESERVES AND RETAINED EARNINGS OF 358541 WERE ADDED TO OUR RESERVES AT THAT TIME. ADDITIONALLY 14589 OF UNREALIZED GAIN ON INVESTMENTS ARE INCLUDED IN 2011. THESE TWO ADJUSTMENTS (35854114589) EXPLAIN THE 373130 IN ADDITIONS TO NET ASSETS REPORTED.