Dec, 31, 2023 — FLEXPAK FEDERAL CREDIT UNION is a federal credit union headquartered in WOODS CROSS, UT with 1 branch location and about $2.00 million in total assets. Opened 64 years ago in 1960, FLEXPAK FEDERAL CREDIT UNION has about 214 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLEXPAK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1654 W 1250 S WOODS CROSS, UT 84087 |
| Phone: | (801) 485-1052 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 214 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13599 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,000,147 |
| CEO/Manager: | Ralph Jenkins |
| Chairperson: | Dave Spilker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 433,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 62,093 |
| Other Loans | 1,498,315 |
| TOTAL LOANS | 1,560,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,304 |
| Land And Building | 0 |
| Other Fixed Assets | 7 |
| NCUSIF Deposit | 10,336 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,000,147 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,621,280 |
| All Other Shares & Deposits | 24,330 |
| TOTAL SHARES & DEPOSITS | 1,645,610 |
| TOTAL LIABILITIES | 1,649,494 |
| Regular Reserve | 0 |
| Other Reserves | 145,073 |
| Undivided Earnings | 205,580 |
| TOTAL EQUITY | 350,653 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,000,147 |
| INCOME & EXPENSE | |
| Loan Income | 79,593 |
| Investment Income | 7,466 |
| Other Income | 25 |
| Total Employee Compensation & Benefits | 16,192 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,314 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 51,950 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,843 |
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