Nonprofit · EIN 36-2282191
FINANCIAL PLUS CREDIT UNION
Tax-exempt · OTTAWA, IL 61350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $36,389,654 | $28,641,424 | $7,748,230 | $580,087,408 | $504,164,572 | $75,922,836 |
| December 31, 2024 | 990 | $31,030,431 | $25,267,450 | $5,762,981 | $528,122,810 | $462,950,048 | $65,172,762 |
| December 31, 2023 | 990 | $24,600,191 | $20,759,661 | $3,840,530 | $488,328,686 | $431,139,672 | $57,189,014 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $30,632,769
- Investment income
- $5,756,885
- Net gain from sales of assets
- $75,488
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,741,934
- Other salaries and wages
- $5,225,095
- Salaries, compensation and benefits (total)
- $8,946,093
- Professional fundraising fees
- $0
- Legal fees
- $74,695
- Accounting fees
- $47,337
- Occupancy
- $844,871
- Travel
- $203,057
- Depreciation
- $1,129,117
Balance sheet and other
- Total assets, start of year
- $528,122,810
- Total assets, end of year
- $580,087,408
- Total liabilities, end of year
- $504,164,572
- Net assets, end of year
- $75,922,836
- Land, buildings and equipment
- $25,066,352
- Publicly traded securities
- $105,951,676
- Gross receipts
- $38,481,685
- Employees
- 148
- Volunteers
- 0
- Year formed
- 1951
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER FAUTH | PRESIDENT & CEO Officer | 40 | $354,315 | $36,735 |
| DIANNE BANGERT | EXECUTIVE VP & COO Officer | 40 | $203,050 | $26,651 |
| TOM GREGOR | VP - CIO Officer | 40 | $188,966 | $26,469 |
| FIELDING LOCKAS | VP - CFO Officer | 40 | $180,209 | $31,327 |
| LEE WILKINS | VP - CMO Officer | 40 | $157,298 | $13,396 |
| TRENT THREADGILL | AVP OF LENDING Highest-paid employee | 40 | $128,459 | $29,751 |
| BECKY ALBERTS-COONS | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $122,201 | $22,007 |
| WILLIAM KOWALSKI | BUILDING SUPERVISOR Highest-paid employee | 40 | $114,162 | $3,692 |
| KATHLEEN JENKINS | VP - CLO Officer | 40 | $90,382 | $21,956 |
| VINCENT KOZSDIY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH NAVARRO | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| THOMAS BRETAG | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| CHAD COX | TREASURER Trustee or director | 2 | $0 | $0 |
| ANTHONY QUIGLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL SWEEDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ESMERALDA MARTINEZ | SECRETARY Trustee or director | 2 | $0 |
| AARON BATTISTELLI | DIRECTOR Trustee or director | 2 | $0 |
| DANIEL FARRELL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER FAUTH | PRESIDENT & CEO Officer | 40 | $321,952 | $23,913 |
| DIANNE BANGERT | EXECUTIVE VP & COO Officer | 40 | $180,934 | $23,230 |
| TOM GREGOR | VP - CIO Officer | 40 | $169,735 | $14,685 |
| FIELDING LOCKAS | VP - CFO Officer | 40 | $160,968 | $16,098 |
| LEE WILKINS | VP - CMO Officer | 40 | $134,881 | $7,596 |
| TRENT THREADGILL | AVP OF LENDING Highest-paid employee | 40 | $108,548 | $23,025 |
| SEBBY MCKEE | RETIRED DIRECTOR OF HUMAN RESOURCE Former | 40 | $120,205 | $6,626 |
| KATHLEEN JENKINS | VP - CLO Officer | 40 | $76,039 | $21,027 |
| VINCENT KOZSDIY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH NAVARRO | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| THOMAS BRETAG | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| CHAD COX | TREASURER Trustee or director | 2 | $0 | $0 |
| ANTHONY QUIGLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL SWEEDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ESMERALDA MARTINEZ | SECRETARY Trustee or director | 2 | $0 | $0 |
| AARON BATTISTELLI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL FARRELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER FAUTH | PRESIDENT & CEO Officer | 40 | $302,229 | $21,328 |
| TIMOTHY O'DONNELL | RETIRED PRESIDENT & CEO Former | 0 | $264,038 | $10,090 |
| DIANNE BANGERT | EXECUTIVE VP & COO Officer | 40 | $159,204 | $20,647 |
| TOM GREGOR | VP - CIO Officer | 40 | $152,851 | $13,031 |
| FIELDING LOCKAS | VP - CFO Officer | 40 | $136,140 | $6,744 |
| LEE WILKINS | DIRECTOR OF MARKETING Highest-paid employee | 40 | $127,119 | $6,783 |
| SEBBY MCKEE | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $123,460 | $7,419 |
| KATHLEEN JENKINS | VP - CLO Officer | 40 | $95,781 | $20,755 |
| VINCENT KOZSDIY | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| JOSEPH NAVARRO | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| THOMAS BRETAG | TREASURER Trustee or director | 2 | $0 | $0 |
| CHAD COX | SECRETARY Trustee or director | 2 | $0 | $0 |
| ANTHONY QUIGLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL SWEEDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ESMERALDA MARTINEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 CHESTNUT ST, OTTAWA, IL 61350-4907
- In care of
- % JEAN MCDONALD
- Principal officer (990 for 2025)
- FIELDING LOCKAS, 800 CHESTNUT STREET, OTTAWA, IL 61350
- Signed the 990
- FIELDING LOCKAS, VP - CFO
- Phone
- (815) 433-1496
- Website
- WWW.FINANCIALPLUS.ORG
- Return prepared by
- ROENFELDT & LOCKAS PC
Mission
EXCEPTIONAL SERVICE TO MEMBERS
Program accomplishments
- PROVIDED 15,803 NON CREDIT CARD LOANS TO MEMBERS DURING 2025.
- PROVIDED 8,842 CREDIT CARD LOANS TO MEMBERS DURING 2025.
- PROVIDED 81,534 DEPOSIT ACCOUNTS TO MEMBERS DURING 2025.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2282191
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $580,087,408
- Income (IRS master file)
- $38,481,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $36,389,654 | $28,641,424 | $580,087,408 | XML |
| 990 | December 2024 | $31,030,431 | $25,267,450 | $528,122,810 | IRS |
| 990 | December 2023 | $24,600,191 | $20,759,661 | $488,328,686 | XML |
| 990 | December 2022 | $20,342,289 | $16,115,786 | $468,066,782 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2282191).
Questions about FINANCIAL PLUS CREDIT UNION
- What is the EIN of FINANCIAL PLUS CREDIT UNION?
- The employer identification number (EIN) of FINANCIAL PLUS CREDIT UNION is 36-2282191.
- Is FINANCIAL PLUS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1951.
- Are donations to FINANCIAL PLUS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FINANCIAL PLUS CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINANCIAL PLUS CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINANCIAL PLUS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FINANCIAL PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names FIELDING LOCKAS.
- Who are the officers and directors of FINANCIAL PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 18 people; 9 received compensation from the organization, the highest $354,315 (PETER FAUTH, PRESIDENT & CEO).
- How much revenue does FINANCIAL PLUS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $36,389,654, expenses of $28,641,424 and total assets of $580,087,408 at year end.
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