Credit Unions Near Me
National Credit Union Service Organization

FOUR FLAGS AREA CREDIT UNION

Dec, 31, 2023 — FOUR FLAGS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in NILES, MI with 1 branch location and about $6.14 million in total assets. Opened 66 years ago in 1958, FOUR FLAGS AREA CREDIT UNION has about 741 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272483426
Name:FOUR FLAGS AREA CREDIT UNION
Address:
(Main Office)
1012 S 11TH ST
NILES, MI 49120
Phone:(269) 684-6512
Fax:(269) 683-7537
Website:fourflagsacu.com
Branches:1 branch locations
Members:741
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62044
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1958
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,142,979
CEO/Manager:Chandra I Ashby
Chairperson:Jerry Novacek

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 741,732
TOTAL INVESTMENTS 2,475,800
Loans Held for Sale 0
 
 Real Estate Loans 76,341
 Unsecured Loans 164,948
 Other Loans 2,471,136
 TOTAL LOANS 2,712,425
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,280
 Land And Building 175,924
 Other Fixed Assets 1,772
 NCUSIF Deposit 48,089
 All Other Assets 18,517
  TOTAL ASSETS 6,142,979
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,979
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,022,601
 Regular shares 2,749,788
 All Other Shares & Deposits 2,019,369
  TOTAL SHARES & DEPOSITS 5,791,758
  TOTAL LIABILITIES 5,833,737
 Regular Reserve 148,469
 Other Reserves 0
 Undivided Earnings 160,773
  TOTAL EQUITY 309,242
  TOTAL LIABILITIES, SHARES, & EQUITY 6,142,979
INCOME & EXPENSE  
 Loan Income 131,905
 Investment Income 20,744
 Other Income 86,259
 Total Employee Compensation & Benefits 114,684
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 172,052
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,833
 Cost of Funds 2,054
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -35,289
↑ Back to Top

Other Credit Unions

COMMUNITY PROMISE FEDERAL CREDIT UNION
1313 Portage St
KALAMAZOO, MI 49001-3050
DOWAGIAC AREA FEDERAL CREDIT UNION
473 E Division St
DOWAGIAC, MI 49047-1541
COUNTRY HERITAGE CREDIT UNION
16580 Bakertown Rd
BUCHANAN, MI 49107-9201
ALLEGAN COMMUNITY FEDERAL CREDIT UNION
P. O. BOX 320
ALLEGAN, MI 49010
CIRCLE FEDERAL CREDIT UNION
507 E Main St
NILES, MI 49120-2617
KALSEE CREDIT UNION
5220 Lovers Ln Ste 200
PORTAGE, MI 49002
BLUEOX CREDIT UNION
115 Riverside Dr
BATTLE CREEK, MI 49015
HONOR CREDIT UNION
8385 Edgewood Rd
BERRIEN SPRINGS, MI 49103-9004
UNITED FEDERAL CREDIT UNION
150 Hilltop Rd
SAINT JOSEPH, MI 49085-2381
CONSUMERS CREDIT UNION
7200 Elm Valley Dr
KALAMAZOO, MI 49009