Who are we?

Who is Financial Plus Credit Union? Technically, we are you, if you’re a member because Financial Plus is a member-owned institution. Without our members, we don’t exist. This makes us different than banks. At the end of the day, banks only exist to please stockholders. Well, at the end of our day, we go home with the satisfaction of knowing that the people we served all day are the ones that really matter.

Because we are member-owned, we care about serving you and your interests – not the interests of investors who might not even be local to this area. A passion for member service is at our core. That’s what you can expect from a local credit union like Financial Plus.

Membership:

Joining Financial Plus is easy as pie. All you have to do is live, work, worship, or attend school in any of these counties.

 

Alcona, Alpena, Antrim, Arenac, Bay, Benzie, Charlevoix, Cheboygan, Clare, Crawford, Emmet, Genesee, Gladwin, Grand Traverse, Gratiot, Ingham, Iosco, Isabella, Kalkaska, Lapeer, Leelanau, Livingston, Macomb, Midland, Montmorency, Oakland, Ogemaw, Oscoda, Otsego, Presque Isle, Roscommon, Saginaw, Shiawassee, or Tuscola.

 

So, what are you waiting for? Become a member and owner by applying online or visit one of our locations.

History

Financial Plus was founded in 1952 (then known as Cheve-Flint Federal Credit Union) by the employees of the Chevrolet Motor Company who worked in a factory fondly known as “Chevy in the Hole.” The plant was located in a low area (hence “the hole”) along the banks of the Flint River near downtown Flint. As you can imagine, our members still take great pride in our automotive roots.


The Credit Union began to grow, and by 1965 the charter had been expanded to include workers in other Flint area General Motors facilities. At that point, the name was changed to West Side Auto Employees Federal Credit Union.


The growth didn’t stop there, and in 2002 we became community-chartered. This meant that anyone who lived worked, worshipped, volunteered, or attended school in Genesee, Shiawassee, Lapeer, and parts of Livingston County could apply for membership. Because we no longer only served automotive employees, a name change was needed, and the name Financial Plus Federal Credit Union hung on our doors for the first time. We began to expand and the Corunna Rd., Swartz Creek, Fenton, and Grand Blanc branches were gradually added.


2014 was a big year for us. We converted to a state-chartered credit union (dropping the word “federal” from our name), allowing us to serve members in 34 Michigan counties. Also that year, we merged with Saginaw-based Amalgamated Credit Union, giving us our first branch location in Saginaw County. Then, in 2015, we opened a new full-service location in Howell, giving us our first presence in Livingston County.

Community Involvement

Also at our core is a dedication to the communities we serve. We consider it normal to sponsor and/or attend over 100 community events per year – helping local charities and events that bring people together. It's just who we are.

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Board and Executive Management

  • Board of Directors:
  • Ron Jansson - Chairman
  • Barney Hennessy - Vice Chairman
  • C. Diana Webb - Treasurer
  • Kim Jones - Secretary
  • Larry Campbell - Director
  • Kirk Rheaume -  Director
  • Bill Tynes - Director

  • Audit Committee:
  • Chairman - Vacant
  • Charlie Cotterman
  • Kirk Rheaume

  • Advisory Committee:
  • Muriel Samuels

  • Executive Management:
  • Jill Reno - President/CEO
  • Olga Long - Senior Vice President
  • Wade Decker - Chief Financial Officer
  • Susan Hankins - Vice President of Operations & Technology
  • Mike Furst - Vice President of Lending & Collections
  • DeAnna Wallace - Vice President of Human Resources & Retail Delivery


Annual Reports:


 2016 Financial Statement & Notes