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FLEXPAK FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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