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Financial Plus Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$20.3M (2022)

Expenses
$16.1M (2022)

Total Assets
$468M (2022)

Total Liabilities
$417M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,342,289
Expenses
$16,115,786
Net Income
$4,226,503
Net Assets
$51,404,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,367,010
90.3%
Investment Income $1,975,279
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,188,049
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,691,605
22.9%
Assets/Debt
Total Assets $468,066,782
Total Liabilities $416,662,389
Net Assets $51,404,393
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (President & Ceo) $335,621 $0 $16,029
Peter Fauth (Executive Vp) $253,653 $0 $20,055
Dianne Bangert (Vp Coo) $147,206 $0 $19,513
Thomas Gregor (Vp Cio) $140,117 $0 $12,614
Kathleen Jenkins (Vp Lending) $133,995 $0 $135
Jean Mcdonald (Vp Cfo) $108,820 $0 $291
Vincent Kozsdiy (Chairperson) $0 $0 $0
Joseph Navarro (Vice Chairperson) $0 $0 $0
Thomas Bretag (Treasurer) $0 $0 $0
Chad Cox (Secretary) $0 $0 $0
Paul Sweeden (Director) $0 $0 $0
Anthony Quigley (Director) $0 $0 $0
Esmeralda Martinez (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,435,940
Expenses
$15,115,889
Net Income
$3,320,051
Net Assets
$54,802,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,413,956
94.5%
Investment Income $1,035,863
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$13,879
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,180,334
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,734,537
24.7%
Assets/Debt
Total Assets $450,128,379
Total Liabilities $395,326,307
Net Assets $54,802,072
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (Presidentceo) $303,698 $0 $31,078
Peter Fauth (Executive Vp) $222,981 $0 $27,346
Jean Mcdonald (Vpcfo) $137,716 $0 $18,205
Dianne Bangert (Vpcoo) $132,876 $0 $24,931
Thomas Gregor (Vpcio) $126,144 $0 $16,304
Kathleen Jenkins (Vplending) $116,315 $0 $22,740
Gilbert Meyer (Supervisory Committee) $0 $0 $0
Paul Sweeden (Supervisory Committee) $0 $0 $0
Anthony Quigley (Supervisory Committee) $0 $0 $0
Chad Cox (Board Secretary) $0 $0 $0
Vincent Kozsdiy (Board Chair) $0 $0 $0
Joseph Navarro (Vice Chair) $0 $0 $0
Thomas Bretag (Board Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,277,341
Expenses
$14,668,286
Net Income
$2,609,055
Net Assets
$52,347,069
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,096,135
93.2%
Investment Income $1,181,206
6.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $939,411
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,851,277
26.3%
Assets/Debt
Total Assets $397,647,993
Total Liabilities $345,300,924
Net Assets $52,347,069
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (President Ceo) $290,337 $0 $36,039
Peter S Fauth (Executive Vp) $211,540 $0 $30,688
Jean A Mcdonald (Vpcfo) $126,151 $0 $30,006
Dianne C Bangert (Vpcoo) $125,832 $0 $35,857
Thomas C Gregor (Vpcio) $117,105 $0 $24,301
Kathleen Jenkins (Vp Lending) $100,623 $0 $30,154
Betsy J Penoyer (Vp Lending) $70,688 $0 $8,827
Gilbert Meyer (Supervisory Committee) $0 $0 $0
Paul Sweeden (Supervisory Committee) $0 $0 $0
Anthony Quigley (Board Chair) $0 $0 $0
Robert Marshall (Supervisory Chair) $0 $0 $0
Vincent Kozsdiy (Vice Chair) $0 $0 $0
Joseph Navarro (Board Treasurer) $0 $0 $0
Thomas Bretag (Board Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,514,647
Expenses
$13,765,737
Net Income
$3,748,910
Net Assets
$49,418,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,725,572
89.8%
Investment Income $1,789,075
10.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $894,527
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,490,563
25.4%
Assets/Debt
Total Assets $337,335,921
Total Liabilities $287,917,629
Net Assets $49,418,292
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (President Ceo) $274,721 $0 $0
Peter Fauth (Executive Vp) $197,478 $0 $0
Betsy Penoyer (Vice President) $117,552 $0 $0
Dianne Bangert (Vice President Coo) $116,585 $0 $0
Jean Mcdonald (Vice President Cfo) $108,866 $0 $0
Gilbert Meyer (Supervisory Committee) $0 $0 $0
Paul Sweeden (Supervisory Committee) $0 $0 $0
Anthony Quigley (Board Chair) $0 $0 $0
Robert Marshall (Supervisory Chair) $0 $0 $0
Vincent Kozsdiy (Vice Chair) $0 $0 $0
Joseph Navarro (Board Treasurer) $0 $0 $0
Thomas Bretag (Board Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,237,237
Expenses
$12,328,447
Net Income
$3,908,790
Net Assets
$45,137,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,597,833
89.9%
Investment Income $1,639,404
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $735,307
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,252,567
26.4%
Assets/Debt
Total Assets $319,938,471
Total Liabilities $274,801,218
Net Assets $45,137,253
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (President Ceo) $259,603 $0 $0
Peter Fauth (Executive Vp Cfo) $187,074 $0 $0
Betsy Penoyer (Vice President) $111,881 $0 $0
Dianne Bangert (Vice President Coo) $110,728 $0 $0
Gilbert Meyer (Supervisory Committee) $0 $0 $0
Paul Sweeden (Supervisory Committee) $0 $0 $0
Anthony Quigley (Board Chair) $0 $0 $0
Robert Marshall (Supervisory Chair) $0 $0 $0
Vincent Kozsdiy (Vice Chair) $0 $0 $0
Joseph Navarro (Board Treasurer) $0 $0 $0
Thomas Bretag (Board Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,531,643
Expenses
$11,358,071
Net Income
$3,173,572
Net Assets
$41,358,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,287,280
91.4%
Investment Income $1,244,363
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $675,391
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,059,274
26.9%
Assets/Debt
Total Assets $310,635,335
Total Liabilities $269,277,139
Net Assets $41,358,196
Compensation
Key Employees and Officers Compensation Related Other
Timothy O'donnell (President Ceo) $235,456 $0 $0
Peter Fauth (Executive Vp Cfo) $172,339 $0 $0
Betsy Penoyer (Vice President) $105,011 $0 $0
Dianne Bangert (Vice President Coo) $100,380 $0 $0
Gilbert Meyer (Board Chair) $0 $0 $0
Paul Sweeden (Vice Chair) $0 $0 $0
Anthony Quigley (Board Treasurer) $0 $0 $0
William Mucci (Board Secretary) $0 $0 $0
Robert Marshall (Supervisory Chair) $0 $0 $0
Vincent Kozsdiy (Supervisory Committee) $0 $0 $0
Joseph Navarro (Supervisory Committee) $0 $0 $0
Thomas Bretag (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,486,079
Expenses
$10,734,752
Net Income
$2,751,327
Net Assets
$38,299,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,625,413
93.6%
Investment Income $860,666
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $640,861
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,779,762
25.9%
Assets/Debt
Total Assets $299,345,397
Total Liabilities $261,046,176
Net Assets $38,299,221
Compensation
Key Employees and Officers Compensation Related Other
Timothy Odonnell (President Ceo) $219,161 $0 $0
Peter Fauth (Executive Vp Cfo) $171,939 $0 $0
Betsy Penoyer (Vice President) $103,831 $0 $0
Dianne Bangert (Vice President Coo) $94,579 $0 $0
Gilbert Meyer (Board Chair) $0 $0 $0
Paul Sweeden (Vice Chair) $0 $0 $0
William Mucci (Board Secretary) $0 $0 $0
Anthony Quigley (Board Treasurer) $0 $0 $0
Robert Marshall (Supervisory Chair) $0 $0 $0
Vincent Kozsdiy (Supervisory Committee) $0 $0 $0
Joseph Navarro (Supervisory Committee) $0 $0 $0
Thomas Bretag (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,166,280
Expenses
$9,907,128
Net Income
$2,259,152
Net Assets
$35,672,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,460,459
94.2%
Investment Income $705,821
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $658,375
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,526,483
25.5%
Assets/Debt
Total Assets $280,299,647
Total Liabilities $244,627,600
Net Assets $35,672,047
Compensation
Key Employees and Officers Compensation Related Other
Tim Odonnell (President Ceo) $194,088 $0 $0
Peter Fauth (Executive Vp Cfo) $152,306 $0 $0
Betsy Penoyer (Vice President) $94,653 $0 $0
Sandy Burkart (Vice President) $87,658 $0 $0
Dianne Bangert (Vice President Coo) $77,521 $0 $0
Gilbert Meyer (Board Chair) $0 $0 $0
Paul Sweeden (Vice Chair) $0 $0 $0
William Mucci (Board Secretary) $0 $0 $0
Anthony Quigley (Board Treasurer) $0 $0 $0
Dominic Preci (Supervisory Chair) $0 $0 $0
Robert Marshall (Supervisory Committee) $0 $0 $0
Vincent Kozsdiy (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,930,912
Expenses
$9,162,736
Net Income
$1,768,176
Net Assets
$32,384,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,416,670
95.3%
Investment Income $514,242
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $826,225
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,094,051
22.9%
Assets/Debt
Total Assets $235,914,658
Total Liabilities $203,530,110
Net Assets $32,384,548
Compensation
Key Employees and Officers Compensation Related Other
Jack Teausant (Former Ceo Retired) $230,606 $0 $13,798
Tim Odonnell (President) $176,962 $0 $14,320
Peter Fauth (Exec. Vice President Cfo) $149,781 $0 $13,425
Sandy Burkart (Vice President) $117,882 $0 $12,246
Betsy Penoyer (Vice President) $91,644 $0 $5,561
Gilbert Meyer (Board Chair) $0 $0 $0
Paul Sweeden (Vice Chair) $0 $0 $0
William Mucci (Board Secretary) $0 $0 $0
Anthony Quigley (Board Treasurer) $0 $0 $0
Dominic Preci (Supervisory Committee) $0 $0 $0
Robert Marshall (Supervisory Committee) $0 $0 $0
Vincent Kozsdiy (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,028,930
Expenses
$8,813,875
Net Income
$2,215,055
Net Assets
$30,176,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,561,462
95.8%
Investment Income $467,468
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $692,011
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,109,876
23.9%
Assets/Debt
Total Assets $219,793,498
Total Liabilities $189,616,995
Net Assets $30,176,503
Compensation
Key Employees and Officers Compensation Related Other
Jack Teausant (President Ceo) $246,624 $0 $19,383
Tim Odonnell (Executive Vice President Lending) $146,437 $0 $15,693
Peter Fauth (Vice President Cfo) $123,429 $0 $14,867
Sandy Burkart (Vice President Marketing) $111,199 $0 $14,379
Leroy Jenkins (Board Chair) $0 $0 $0
Paul Sweeden (Vice Chair) $0 $0 $0
William Mucci (Board Secretary) $0 $0 $0
Gilbert Meyer (Board Treasurer) $0 $0 $0
Dominic Preci (Supervisory Committee Chair) $0 $0 $0
Robert Marshall (Supervisory Committee Member) $0 $0 $0
Anthony Quigley (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,049,473
Expenses
$8,804,528
Net Income
$2,244,945
Net Assets
$28,297,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,704,431
96.9%
Investment Income $345,042
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,185,278
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,534,270
17.4%
Assets/Debt
Total Assets $206,662,557
Total Liabilities $178,365,169
Net Assets $28,297,388

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,772,995
Expenses
$8,890,885
Net Income
$1,882,110
Net Assets
$25,880,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,539,370
97.8%
Investment Income $233,625
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $743,828
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,847,534
20.8%
Assets/Debt
Total Assets $192,552,938
Total Liabilities $166,672,061
Net Assets $25,880,877

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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