Dec, 31, 2020 — FLEXPAK FEDERAL CREDIT UNION is a federal credit union headquartered in Woods Cross, UT with 1 branch location and about $1.61 million in total assets. Opened 61 years ago in 1960, FLEXPAK FEDERAL CREDIT UNION has about 208 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) | 1993 W 2425 S Woods Cross, UT 84087 |
| Phone: | (801) 485-1052 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 208 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,607,618 |
| CEO/Manager: | Ralph Jenkins |
| Chairperson: | Craig Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 653,759 |
| TOTAL INVESTMENTS | 3,878 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 70,771 |
| Other Loans | 884,785 |
| TOTAL LOANS | 955,556 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,675 |
| Land And Building | 0 |
| Other Fixed Assets | 7 |
| NCUSIF Deposit | 8,093 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,607,618 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 152 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 215,576 |
| All Other Shares & Deposits | 1,047,007 |
| TOTAL SHARES & DEPOSITS | 1,262,583 |
| TOTAL LIABILITIES | 1,262,735 |
| Regular Reserve | 51,734 |
| Other Reserves | 93,338 |
| Undivided Earnings | 199,811 |
| TOTAL EQUITY | 344,883 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,607,618 |
| INCOME & EXPENSE | |
| Loan Income | 45,134 |
| Investment Income | 345 |
| Other Income | 12 |
| Total Employee Compensation & Benefits | 16,162 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,477 |
| Non-operating Income & (Expense) | 50 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,976 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,926 |
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