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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Financial Plus Credit Union

Financial Plus Credit Union

Fiscal year ending 2020. Filed on May 13, 2021.

800 Chestnut Street
Ottawa, Illinois 61350

Financial Plus Credit Union (EIN: 36-2282191) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2020 IRS Form 990 filing, Financial Plus Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 106 total employees. Among the employees shown here, the average compensation is $176,878. The highest compensated employee at Financial Plus Credit Union is Timothy O'Donnell with fiscal year 2020 compensation of $326,376.

Revenue, expenses, and employee compensation

Revenue

$17,277,341

Expenses

$14,668,286

Employee compensation

$6,093,324
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Timothy O'Donnell
President and Chief Executive Officer
$326,376
$290,337 No related comp$36,039
Peter S Fauth
Executive Vice President
$242,228
$211,540 No related comp$30,688
Dianne C Bangert
Vpcoo
$161,689
$125,832 No related comp$35,857
Jean A McDonald
Vpcfo
$156,157
$126,151 No related comp$30,006
Thomas C Gregor
Vpcio
$141,406
$117,105 No related comp$24,301
Kathleen Jenkins
Vplending
$130,777
$100,623 No related comp$30,154
Betsy J Penoyer
Vplending
$79,515
$70,688 No related comp$8,827

Benchmark Employee Compensation

Non-Employee Board Members

Anthony Quigley
Board Chair
Gilbert Meyer
Supervisory Committee Member
Joseph Navarro
Board Treasurer
Paul Sweeden
Supervisory Committee Member
Robert Marshall
Supervisory Chair
Thomas Bretag
Board Secretary
Vincent Kozsdiy
Vice Chair

Contractors

The Redmond Company
Design Consulting
$1,021,470
Fiserv
Computer
$942,817
Blue Cross Blue Shield IL
Employee Health Insurance
$764,978
NCR Corporation
Internet Banking
$646,245
Lkcs Inc.
Marketing Statements
$385,305

Mission Statement

THE CREDIT UNION ASSISTS THEIR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL BEING BY PROVIDING EXCEPTIONAL SERVICE TO MEMBERS.

Revisions to this organization profile

May 15, 2025:
2024 Financial Plus Credit Union 990 filed
November 15, 2024:
2023 Financial Plus Credit Union 990 filed
July 11, 2023:
2022 Financial Plus Credit Union 990 filed

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