Civic Intelligence

Financial Plus Credit Union

990 • Fiscal year 2016 • EIN 42-0802188

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileWWW.FINANCIALPLUSCU.COM

View Organization Page

1831 25th StreetWest Des Moines, IA 50266

(515) 224-1222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.89x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

25.43x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

26th percentile

5.3%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$155,063

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

11th percentile

-0.1%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-0.0%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$167,338,536

Down $232,390 (-0.1%) from 2015

Net Assets

Up

$17,957,037

Up $345,213 (+2.0%) from 2015

Liabilities

Down

$149,381,499

Down $577,603 (-0.4%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin26th percentile

Revenue

Down

$5,874,083

Down $810 (-0.0%) from 2015

Expenses

Up

$5,562,284

Up $699,853 (+14%) from 2015

Net Income

Down

$311,799

Down $700,663 (-69%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $83,966,702Liabilities 2010: $75,910,170Net Assets 2010: $8,056,5322010Assets 2011: $95,267,820Liabilities 2011: $86,469,056Net Assets 2011: $8,798,7642011Assets 2012: $108,262,353Liabilities 2012: $98,701,490Net Assets 2012: $9,560,8632012Assets 2013: $115,820,775Liabilities 2013: $105,417,049Net Assets 2013: $10,403,7262013Assets 2014: $161,567,380Liabilities 2014: $144,850,619Net Assets 2014: $16,716,7612014Assets 2015: $167,570,926Liabilities 2015: $149,959,102Net Assets 2015: $17,611,8242015Assets 2016: $167,338,536Liabilities 2016: $149,381,499Net Assets 2016: $17,957,0372016Assets 2017: $172,468,368Liabilities 2017: $153,279,102Net Assets 2017: $19,189,2662017Assets 2018: $171,128,956Liabilities 2018: $151,004,869Net Assets 2018: $20,124,0872018Assets 2019: $171,961,090Liabilities 2019: $150,735,266Net Assets 2019: $21,225,8242019Assets 2020: $196,535,004Liabilities 2020: $174,698,552Net Assets 2020: $21,836,4522020Assets 2021: $218,391,221Liabilities 2021: $196,109,497Net Assets 2021: $22,281,7242021Assets 2022: $215,268,890Liabilities 2022: $193,397,544Net Assets 2022: $21,871,3462022Assets 2023: $202,041,152Liabilities 2023: $176,150,779Net Assets 2023: $25,890,3732023Assets 2024: $218,308,609Liabilities 2024: $189,463,659Net Assets 2024: $28,844,9502024

Highlighted filing

2016

Assets$167,338,536
Liabilities$149,381,499
Net Assets$17,957,037
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $3,868,4502010Expenses 2011: $3,591,7282011Expenses 2012: $3,752,5902012Revenue 2013: $4,516,137Expenses 2013: $3,673,274Net Income 2013: $842,8632013Revenue 2014: $4,780,286Expenses 2014: $4,012,071Net Income 2014: $768,2152014Revenue 2015: $5,874,893Expenses 2015: $4,862,431Net Income 2015: $1,012,4622015Revenue 2016: $5,874,083Expenses 2016: $5,562,284Net Income 2016: $311,7992016Revenue 2017: $6,197,849Expenses 2017: $5,003,635Net Income 2017: $1,194,2142017Revenue 2018: $6,280,940Expenses 2018: $5,262,620Net Income 2018: $1,018,3202018Revenue 2019: $6,702,125Expenses 2019: $5,778,365Net Income 2019: $923,7602019Revenue 2020: $5,996,544Expenses 2020: $5,564,008Net Income 2020: $432,5362020Revenue 2021: $6,306,056Expenses 2021: $5,736,742Net Income 2021: $569,3142021Revenue 2022: $7,722,529Expenses 2022: $5,827,823Net Income 2022: $1,894,7062022Revenue 2023: $9,875,904Expenses 2023: $6,549,316Net Income 2023: $3,326,5882023Revenue 2024: $11,619,211Expenses 2024: $8,657,173Net Income 2024: $2,962,0382024

Highlighted filing

2016

Revenue$5,874,083
Expenses$5,562,284
Net Income$311,799
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$5,874,083
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$76,813,828$77,326,324▲ $512,496
Investments in Publicly Traded Securities$26,548,056$56,611,913▲ $30,063,857
Savings and Temporary Cash Investments$54,319,628$23,924,993▼ $30,394,635
Rtn Earn Endowment Incm Other Fnds$12,511,737$12,856,950▲ $345,213
Pd in Cap Srpls Land Bldg Eqp Fund$5,100,087$5,100,087→ $0
Land, Buildings, and Equipment, Net$3,491,842$3,331,555▼ $160,287
Cash and Non-Interest-Bearing Accounts$1,747,931$1,541,073▼ $206,858
Prepaid Expenses and Deferred Charges$113,841$73,500▼ $40,341
Accounts Receivable$8,577$9,452▲ $875
Total Assets$167,570,926$167,338,536▼ $232,390
Other Assets Total$4,527,223$4,519,726▼ $7,497
Liabilities
Other Liabilities$149,095,296$148,309,720▼ $785,576
Accounts Payable and Accrued Expenses$863,806$1,071,779▲ $207,973
Total Liabilities$149,959,102$149,381,499▼ $577,603
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,611,824$17,957,037▲ $345,213
Total Liabilities and Net Assets / Fund Balance$167,570,926$167,338,536▼ $232,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,494,648$1,635,592$4,130,240
Equipment$256,721$1,251,713$1,508,434
Land$580,186-$580,186
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dave J CalePrsident/CEOFT$155,063$155,063
Karolyn WellsVP of LendinFT$104,679$104,679

Board Members and Trustees

NameTitle
Andy ScottBoard Member
Bev BiermaBoard Member
George DunlapBoard Member
Kenny BrickmanBoard Member
Kyle BlackBoard Member
Marc HardingBoard Member
Nancy Devinay-mcneleyBoard Member
Phillip WilliamsBoard Member
Rebecca Jo HarveyBoard Member
Udell Cason JrBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,915,263
Investment Income
$958,820
Other Revenue
$0
Change in Net Assets
$311,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,874,083
Total Revenue per Audited Statements
$5,874,083
Total Revenue per Form 990
$5,874,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,640,894
Salaries, Compensation, and Employee Benefits$1,921,390
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,635,241
All Other Expenses---$752,035
Other Expenses---$371,791
Occupancy---$354,899
Depreciation Depletion---$245,866
Office Expenses---$169,456
Other Employee Benefits---$160,865
Payroll Taxes---$125,284
Advertising---$88,021
Insurance---$51,722
Fees for Services Accounting---$18,000
Conferences and Meetings---$15,591
Fees for Services Legal---$250
Total Functional Expenses$0$0$0$5,562,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,562,284
Total Expenses per Audited Statements$5,562,284
Total Expenses per Form 990$5,562,284
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$148,309,720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All depositors are considered members.”

Form 990, Page 6, Part VI, Line 7A

“The credit union members elect on an annual basis the members of the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Any proposed mergers must be approved by a majority of the membership.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.”

Form 990, Page 6, Part VI, Line 15A

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 2016.”

Form 990, Page 6, Part VI, Line 19

“The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Financial Plus Credit Union
EIN
42-0802188
Phone
5152241222
Address
1831 25TH STREET, WEST DES MOINES, IA 50266

Signing Officer

Name
Dave J Cale
Title
Prsident/CEO
Phone
5152241222
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave J Cale
Formed
1929
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
52
Volunteers
10

Preparer

Firm
Petersen & Associates
Address
506 E GOLD COAST RD STE 100, PAPILLION, NE 68046-4790
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Form 990, Part IX, Line 24E

“Loan servicing expense 345,621 0 0 loss and fraud expense 111,240 0 0 statement processing 85,627 0 0 outside services 51,159 0 0 check ordering expense 44,234 0 0 share draft processing 38,811 0 0 examination fees 38,400 0 0 miscellaneous expense 21,059 0 0 dues 15,884 0 0 total 752,035 0 0”

Form 990, Part XI, Line 9

“Net change in investment valuation reserve 33,414”

Raw XML Appendix384 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt05100087
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0113841
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt073500
IRS990/PrincipalOfficerNm0DAVE J CALE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt03363491
IRS990/ProgramServiceRevenueGrp/ExclusionAmt11466311
IRS990/ProgramServiceRevenueGrp/ExclusionAmt285461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03363491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11466311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt285461
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0692730
IRS990/PYOtherExpensesAmt02955802
IRS990/PYProgramServiceRevenueAmt05182163
IRS990/PYRevenuesLessExpensesAmt01012462
IRS990/PYSalariesCompEmpBnftPaidAmt01906629
IRS990/PYTotalExpensesAmt04862431
IRS990/PYTotalRevenueAmt05874893
IRS990/ReconcilationRevenueExpnssAmt0311799
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012511737
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012856950
IRS990/SavingsAndTempCashInvstGrp/BOYAmt054319628
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023924993
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02494648
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01635592
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04130240
IRS990ScheduleD/EquipmentGrp/BookValueAmt0256721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01251713
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01508434
IRS990ScheduleD/ExpensesSubtotalAmt05562284
IRS990ScheduleD/LandGrp/BookValueAmt0580186
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0580186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148309720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt05874083
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03331555
IRS990ScheduleD/TotalExpensesPerForm990Amt05562284
IRS990ScheduleD/TotalLiabilityAmt0148309720
IRS990ScheduleD/TotalRevenuePerForm990Amt05874083
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05874083
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05562284
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVE J CALE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRSIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155063
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOAN SERVICING EXPENSE 345,621 0 0 LOSS AND FRAUD EXPENSE 111,240 0 0 STATEMENT PROCESSING 85,627 0 0 OUTSIDE SERVICES 51,159 0 0 CHECK ORDERING EXPENSE 44,234 0 0 SHARE DRAFT PROCESSING 38,811 0 0 EXAMINATION FEES 38,400 0 0 MISCELLANEOUS EXPENSE 21,059 0 0 DUES 15,884 0 0 TOTAL 752,035 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN INVESTMENT VALUATION RESERVE 33,414
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0167570926
IRS990/TotalAssetsEOYAmt0167338536
IRS990/TotalAssetsGrp/BOYAmt0167570926
IRS990/TotalAssetsGrp/EOYAmt0167338536
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05562284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0149959102
IRS990/TotalLiabilitiesEOYAmt0149381499
IRS990/TotalLiabilitiesGrp/BOYAmt0149959102
IRS990/TotalLiabilitiesGrp/EOYAmt0149381499
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017611824
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017957037
IRS990/TotalProgramServiceRevenueAmt04915263
IRS990/TotalReportableCompFromOrgAmt0259742
IRS990/TotalRevenueGrp/ExclusionAmt05874083
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05874083
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0167570926
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0167338536
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01831 25TH STREET
IRS990/USAddress/CityNm0WEST DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050266
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.FINANCIALPLUSCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE J CALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRSIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05152241222
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINANCIAL PLUS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FINA
ReturnHeader/Filer/EIN0420802188
ReturnHeader/Filer/PhoneNum05152241222
ReturnHeader/Filer/USAddress/AddressLine1Txt01831 25TH STREET
ReturnHeader/Filer/USAddress/CityNm0WEST DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050266
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 E GOLD COAST RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680464790
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02017-05-10T09:00:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$167,338,536
Liabilities
$149,381,499
Net assets
$17,957,037
Revenue
$5,874,083
Expenses
$5,562,284
Net income
$311,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$218$189$28.8$11.6$8.66$2.96
2023Detailed filing. Detailed filing data is available for this year.$202$176$25.9$9.88$6.55$3.33
2022Detailed filing. Detailed filing data is available for this year.$215$193$21.9$7.72$5.83$1.89
2021Detailed filing. Detailed filing data is available for this year.$218$196$22.3$6.31$5.74$0.57
2020Detailed filing. Detailed filing data is available for this year.$197$175$21.8$6.00$5.56$0.43
2019Detailed filing. Detailed filing data is available for this year.$172$151$21.2$6.70$5.78$0.92
2018Detailed filing. Detailed filing data is available for this year.$171$151$20.1$6.28$5.26$1.02
2017Detailed filing. Detailed filing data is available for this year.$172$153$19.2$6.20$5.00$1.19
2016Detailed filing. Detailed filing data is available for this year.$167$149$18.0$5.87$5.56$0.31
2015Detailed filing. Detailed filing data is available for this year.$168$150$17.6$5.87$4.86$1.01
2014Detailed filing. Detailed filing data is available for this year.$162$145$16.7$4.78$4.01$0.77
2013Detailed filing. Detailed filing data is available for this year.$116$105$10.4$4.52$3.67$0.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$98.7$9.56$3.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.3$86.5$8.80$3.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.0$75.9$8.06$3.87