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FLEXPAK FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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