Financial Plus Credit Union (IL)

Overview / Commentary
800 Chestnut St
Ottawa, IL 61350

Financial Plus Credit Union (IL) is headquartered in Ottawa and is the 20th largest credit union in the state of Illinois. It is also the 738th largest credit union in the nation. It was established in 1951 and as of June of 2022, it had grown to 95 employees and 40,747 members at 5 locations. Financial Plus Credit Union (IL)'s money market rates are 48% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Financial Plus Credit Union of Illinois is open to the residents and people that maintain employment within these eligible counties: LaSalle,Bureau, Putnam, Grundy, and Will, as well as the family members of current credit union members.
See current membership details

Reviews (2)

My Experience with Financial Plus Credit Union

Posted by: |

I opened a checking account with Financial Plus several years ago when I began a new job. I was able to easily set up direct deposit with no problems. In the following year, my husband and I opened up two additional checking accounts with Financial Plus. We had switched all of our accounts from another bank. In this way, we had one basic account that included 3 separate checking accounts and one savings. The savings accounts needs only to maintain a $25 balance, which is nice, as some places require a larger balance. The staff have always been so friendly and helpful, especially at the Ottawa branch. They have assisted me on multiple occasions in person and on the phone and have always been able to meet my needs quickly and kindly. I enjoy the monthly newsletters, also. It's good to know what is going on at the credit union, and how they are involved in the community.

Like a bank, but better

Posted by: |

I have "banked" with my credit union for as long as I have had an account, so my description is based on many years of experience. I really began using my accounts when I started my first job at age 16. At that time, paper checks were the norm so I interacted with the clerks on a weekly basis. They were always very friendly and extremely helpful. I have also had two car loans through this credit union, and they helped me set up automatic withdrawals so that I would not have to remember and transfer the funds myself, which was very helpful. In each case, they also matched the dealership's lower interest rate to keep my business. Finally, there have been two instances where I have overdrawn my checking account. In each case, I was at the bank first thing the next day when I realized my mistake, and in each case they were willing to waive the overdraft fees due to my prompt handling of it. I have since began also banking at a bank, and while the people are friendly there does not seem to be the same personal service that I have recieved from my credit union.


Health Grade Components

NCUA #61231
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.21%
Annual Interest Income$6.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$467.7MM$440.3MM
LoansQ2 2022vs Q2 2021$252.1MM$225.6MM
DepositsQ2 2022vs Q2 2021$412.5MM$383.6MM
Equity CapitalQ2 2022vs Q2 2021$52.1MM$53.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.3MM$1.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.0MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Financial Plus Credit Union (IL) Savings Account Rates

0.15%--Christmas Club
0.15%--Vacation Club
0.15%--College Club
0.05%$100-Regular Savings

Financial Plus Credit Union (IL) Money Market Rates

0.65%*$1m*-Money Market Share Account
OTHER TIERS: 0.10% Up to $1.5k | 0.15% $1.5k - $50k | 0.25% $50k - $100k | 0.35% $100k - $500k | 0.50% $500k - $1m

Financial Plus Credit Union (IL) CD Rates

1.00%$1k-5 Year CD
0.80%$1k-3 Year CD
0.60%$1k-2 Year CD
0.40%$1k-18 Month CD
0.35%$1k-1 Year CD
0.30%$1k-6 Month CD
0.15%$500-1 Year Small Savers Certificate
0.15%$1k-91 Day CD

Financial Plus Credit Union (IL) IRA Rates

1.00%$1k-5 Year IRA
0.80%$1k-3 Year IRA
0.60%$1k-2 Year IRA
0.40%$1k-18 Month IRA
0.35%$1k-1 Year IRA
0.30%$1k-6 Month IRA

Financial Plus Credit Union (IL) Locations
Branch Office800 Chestnut StOttawa, IL 61350
Branch Office2813 Plaza DrPeru, IL 61354
Branch Office1905 13th AveMendota, IL 61342
Branch Office1800 E Division StDiamond, IL 60416-6007
Branch Office1300 N Division StMorris, IL 60450-1452

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