Credit Unions Near Me
National Credit Union Service Organization

FLAGSHIP COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — FLAGSHIP COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in PORT HURON, MI with 2 branch locations and about $33.08 million in total assets. Opened 62 years ago in 1959, FLAGSHIP COMMUNITY FEDERAL CREDIT UNION has about 3,318 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:http://flagship.org
Branches:2 branch locations
Members:3,318
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$33,078,028
CEO/Manager:Steven P Scandalito
Chairperson:Russell Anglebrandt

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,204,643
TOTAL INVESTMENTS 3,870,652
Loans Held for Sale 0
 
 Real Estate Loans 12,095,150
 Unsecured Loans 857,067
 Other Loans 7,237,932
 TOTAL LOANS 20,190,149
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,020
 Land And Building 402,842
 Other Fixed Assets 38,311
 NCUSIF Deposit 221,861
 All Other Assets 197,590
  TOTAL ASSETS 33,078,028
LIABILITIES & CAPITAL:  
 Dividends Payable 66,034
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,250
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,401,561
 Regular shares 14,317,896
 All Other Shares & Deposits 10,166,058
  TOTAL SHARES & DEPOSITS 30,885,515
  TOTAL LIABILITIES 30,974,799
 Regular Reserve 799,650
 Other Reserves 267,594
 Undivided Earnings 1,035,985
  TOTAL EQUITY 2,103,229
  TOTAL LIABILITIES, SHARES, & EQUITY 33,078,028
INCOME & EXPENSE  
 Loan Income 232,008
 Investment Income 12,172
 Other Income 23,710
 Total Employee Compensation & Benefits 101,067
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 135,959
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,000
 Cost of Funds 18,726
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 33,227
↑ Back to Top

Other Credit Unions

BLUE WATER FEDERAL CREDIT UNION
526 WATER ST RM 113
PORT HURON, MI 48060-5463
BELLE RIVER COMMUNITY CREDIT UNION
P.O. BOX 159
RICHMOND, MI 48062
WARREN MUNICIPAL FEDERAL CREDIT UNION
31300 HOOVER
WARREN, MI 48093
EASTPOINTE COMMUNITY CREDIT UNION
22544 GRATIOT AVENUE
EASTPOINTE, MI 48021
LIVE LIFE FEDERAL CREDIT UNION
34200 Utica Rd
FRASER, MI 48026
FREESTAR FINANCIAL CREDIT UNION
PO BOX 2800
MOUNT CLEMENS, MI 48046
PARDA FEDERAL CREDIT UNION
P.O. Box 5010
ROCHESTER, MI 48308-5010
CHIEF FINANCIAL FEDERAL CREDIT UNION
200 DIVERSION ST STE 200
ROCHESTER HILLS, MI 48307-2245
THE LOCAL CREDIT UNION
39139 MOUND ROAD
STERLING HEIGHT, MI 48310-2737
POLISH-AMERICAN FEDERAL CREDIT UNION
2889 E MAPLE RD
TROY, MI 48083