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Filing year 2024

FINANCIAL PLUS CREDIT UNION

Flint, Michigan·EIN 38-1439120·501(c)(14)
Total revenue
$90.3M
Total assets
$1.4B
Total expenses
$78.3M
Reported officers
22
Mission

COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE!

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$734k
$790k
Base
$510k
Bonus
$145k
Other
$18k
Benefits
$23k
Integration Advisor
Board Member
Above 90th percentile
$427k
$459k
Base
$369k
Bonus
Other
$8k
Benefits
$16k
CFO
Above 90th percentile
$406k
$437k
Base
$273k
Bonus
$61k
Other
$16k
Benefits
$23k
SVP of Lending
Senior Vice President
Median to 75th percentile
$282k
$304k
Base
$197k
Bonus
$38k
Other
Benefits
$21k
SVP of People and Retail D
Senior Vice President
Median to 75th percentile
$277k
$298k
Base
$196k
Bonus
$38k
Other
Benefits
$17k
Director of Business Servi
Highest Compensated Employee
Median to 75th percentile
$212k
$228k
Base
$134k
Bonus
$38k
Other
Benefits
$20k
SVP of Operations
Senior Vice President
25th percentile to median
$211k
$227k
Base
$153k
Bonus
$19k
Other
Benefits
$21k
SVP of Tech and Innovation
Senior Vice President
25th percentile to median
$196k
$211k
Base
$141k
Bonus
$18k
Other
Benefits
$19k
VP of Mortgage Lending
Board Vice President
Median to 75th percentile
$193k
$207k
Base
$126k
Bonus
$29k
Other
Benefits
$18k
Director of IT
Chief Information Officer
Median to 75th percentile
$189k
$203k
Base
$142k
Bonus
$13k
Other
Benefits
$16k
VP of Technology
Board Vice President
Median to 75th percentile
$160k
$172k
Base
$132k
Bonus
$10k
Other
Benefits
$10k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Down 38%
from 2023

From $1.2M in 2023 to $734k in 2024.

$1.2M
2023
$734k
2024
In today's dollarsEst.
Down 40% in real terms$1.3M to $790k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 18%.

$714k in 2023 to $734k in 2024.
  • Board Member pay fell 64% from 2023 to 2024.
  • Chief Financial Officer pay rose 20% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FINANCIAL PLUS CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$76.2M
$66.7M
2023
$90.3M
$78.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FINANCIAL PLUS CREDIT UNION

What does the Chief Executive Officer of FINANCIAL PLUS CREDIT UNION earn?

In 2024, the Chief Executive Officer of FINANCIAL PLUS CREDIT UNION received $734,112 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FINANCIAL PLUS CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FINANCIAL PLUS CREDIT UNION falls in the top 10%.

What are FINANCIAL PLUS CREDIT UNION's revenue and expenses?

In 2024, FINANCIAL PLUS CREDIT UNION reported $90.3M in total revenue and $78.3M in total expenses on its IRS Form 990.

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