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FLEXPAK FEDERAL CREDIT UNION

Jun, 30, 2023 — FLEXPAK FEDERAL CREDIT UNION is a federal credit union headquartered in WOODS CROSS, UT with 1 branch location and about $1.54 million in total assets. Opened 63 years ago in 1960, FLEXPAK FEDERAL CREDIT UNION has about 215 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:215
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$1,542,141
CEO/Manager:Ralph Jenkins
Chairperson:Dave Spilker

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 454,951
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 61,074
 Other Loans 1,025,389
 TOTAL LOANS 1,086,463
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,634
 Land And Building 0
 Other Fixed Assets 7
 NCUSIF Deposit 11,476
 All Other Assets 0
  TOTAL ASSETS 1,542,141
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,104
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,164,428
 All Other Shares & Deposits 24,822
  TOTAL SHARES & DEPOSITS 1,189,250
  TOTAL LIABILITIES 1,193,354
 Regular Reserve 0
 Other Reserves 145,072
 Undivided Earnings 203,715
  TOTAL EQUITY 348,787
  TOTAL LIABILITIES, SHARES, & EQUITY 1,542,141
INCOME & EXPENSE  
 Loan Income 37,546
 Investment Income 465
 Other Income 125
 Total Employee Compensation & Benefits 12,166
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,878
 Non-operating Income & (Expense) 582
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,214
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,460
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