Financial Plus Credit Union
- Assets
- $215.3m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-0802188
Organization Overview
Financial Plus Credit Union is located in West Des Moines, IA. Financial Plus Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Financial Plus Credit Union generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bev Bierma Board Member | Trustee | 1 | $0 |
Kyle Black Board Member | Trustee | 1 | $0 |
Nancy Devinay-Mcneley Board Member | Trustee | 1 | $0 |
George Dunlap Board Member | Trustee | 1 | $0 |
Marc Harding Board Member | Trustee | 1 | $0 |
Udell Cason Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,330,612 |
| Investment income | $1,391,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,722,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,586 |
| Advertising and promotion | $183,812 |
| Office expenses | $232,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $377,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,582 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,063 |
| Insurance | $61,032 |
| All other expenses | $1,352,746 |
| Total functional expenses | $5,827,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,288,963 |
| Savings and temporary cash investments | $47,640,606 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $129,057,783 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $214,540 |
| Net Land, buildings, and equipment | $5,329,246 |
| Investments—publicly traded securities | $24,314,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,388,882 |
| Total assets | $215,268,890 |
| Accounts payable and accrued expenses | $1,254,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $192,143,183 |
| Total liabilities | $193,397,544 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,378,957 |
| Retained earnings, endowment, accumulated income, or other funds | $16,492,389 |
| Total liabilities and net assets/fund balances | $215,268,890 |