Sep, 30, 2025 — FLAGSHIP COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in PORT HURON, MI with 3 branch locations and about $34.52 million in total assets. Opened 67 years ago in 1959, FLAGSHIP COMMUNITY FEDERAL CREDIT UNION has about 3,208 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLAGSHIP COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3910 Lapeer Rd PORT HURON, MI 48060-2402 |
| Phone: | (810) 982-8575 |
| Fax: | (810) 982-8260 |
| Website: | https://www.flagship.org |
| Branches: | 3 branch locations |
| Members: | 3,208 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13391 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,523,069 |
| CEO/Manager: | Steven P Scandalito |
| Chairperson: | Albert O'Dell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,615,118 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,732,919 |
| Unsecured Loans | 597,016 |
| Other Loans | 6,157,185 |
| TOTAL LOANS | 17,487,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,919 |
| Land And Building | 132,083 |
| Other Fixed Assets | 30,999 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 307,517 |
| All Other Assets | 60,342 |
| TOTAL ASSETS | 34,523,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 127,088 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 387,755 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,562,212 |
| Regular shares | 14,537,201 |
| All Other Shares & Deposits | 9,217,510 |
| TOTAL SHARES & DEPOSITS | 30,316,923 |
| TOTAL LIABILITIES | 30,831,766 |
| Regular Reserve | 0 |
| Other Reserves | 1,554,216 |
| Undivided Earnings | 2,137,087 |
| TOTAL EQUITY | 3,691,303 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,523,069 |
| INCOME & EXPENSE | |
| Loan Income | 767,403 |
| Investment Income | 446,694 |
| Other Income | 67,816 |
| Total Employee Compensation & Benefits | 501,836 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 541,482 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,300 |
| Cost of Funds | 96,167 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 235,338 |
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