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Credit Unions Are a Family Affair for Financial Plus CU CEO Jack Teausant

Ottawa, Ill. -- For Jack Teausant, CEO of Financial Plus Credit Union, credit unions are a family business.

By Lindsey Siegriest | Updated on July 29, 2008

Ottawa, Ill. — For Jack Teausant, CEO of Financial Plus Credit Union, credit unions are a family business.

Financial Plus Credit Union, which changed its name in 1988 from Glass Workers Credit Union, was started by Teausant’s grandfather and 35 other members of the glass, ceramic and silica workers of North America Local 19 in May of 1951. Both his grandfather and his mother ran Financial Plus and his sister Sandy started as a teller at the credit union in 1978 and is now vice president of marketing for the credit union. Teausant’s mother was the first full-time employee and manager at the credit union in 1954.

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