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FLEXPAK FEDERAL CREDIT UNION

Mar, 31, 2021 — FLEXPAK FEDERAL CREDIT UNION is a federal credit union headquartered in Woods Cross, UT with 1 branch location and about $1.72 million in total assets. Opened 61 years ago in 1960, FLEXPAK FEDERAL CREDIT UNION has about 206 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:206
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:$1,722,549
CEO/Manager:Ralph Jenkins
Chairperson:Dave Spilker

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 778,501
TOTAL INVESTMENTS 3,878
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 66,243
 Other Loans 879,502
 TOTAL LOANS 945,745
 (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 1,722,549
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 255,257
 All Other Shares & Deposits 1,121,058
  TOTAL SHARES & DEPOSITS 1,376,315
  TOTAL LIABILITIES 1,376,467
 Regular Reserve 51,734
 Other Reserves 93,338
 Undivided Earnings 201,010
  TOTAL EQUITY 346,082
  TOTAL LIABILITIES, SHARES, & EQUITY 1,722,549
INCOME & EXPENSE  
 Loan Income 11,168
 Investment Income 217
 Other Income 25
 Total Employee Compensation & Benefits 4,040
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,693
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,476
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,201
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