Dec, 31, 2021 — FLEXPAK FEDERAL CREDIT UNION is a federal credit union headquartered in WOODS CROSS, UT with 1 branch location and about $1.50 million in total assets. Opened 62 years ago in 1960, FLEXPAK FEDERAL CREDIT UNION has about 211 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: | 211 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,495,118 |
| CEO/Manager: | Ralph Jenkins |
| Chairperson: | Dave Spilker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 518,576 |
| TOTAL INVESTMENTS | 3,878 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 55,314 |
| Other Loans | 918,392 |
| TOTAL LOANS | 973,706 |
| (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 | 12,626 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,495,118 |
| 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 | 290,594 |
| All Other Shares & Deposits | 857,045 |
| TOTAL SHARES & DEPOSITS | 1,147,639 |
| TOTAL LIABILITIES | 1,147,791 |
| Regular Reserve | 51,734 |
| Other Reserves | 93,338 |
| Undivided Earnings | 202,255 |
| TOTAL EQUITY | 347,327 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,495,118 |
| INCOME & EXPENSE | |
| Loan Income | 45,873 |
| Investment Income | 746 |
| Other Income | 826 |
| Total Employee Compensation & Benefits | 16,174 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,090 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,725 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,456 |
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