FOUR FLAGS AREA CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://fourflagsacu.com for more information.
Sep, 30, 2025 — FOUR FLAGS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in NILES, MI with 1 branch location and about $6.14 million in total assets. Opened 68 years ago in 1958, FOUR FLAGS AREA CREDIT UNION has about 741 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOUR FLAGS AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1012 S 11TH ST NILES, MI 49120 |
| Phone: | (269) 684-6512 |
| Fax: | (269) 683-7537 |
| Website: | https://fourflagsacu.com |
| Branches: | 1 branch locations |
| Members: | 741 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62044 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,142,979 |
| CEO/Manager: | Chandra I Ashby |
| Chairperson: | Jerry Novacek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 741,732 |
| TOTAL INVESTMENTS | 2,475,800 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 76,341 |
| Unsecured Loans | 164,948 |
| Other Loans | 2,471,136 |
| TOTAL LOANS | 2,712,425 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,280 |
| Land And Building | 175,924 |
| Other Fixed Assets | 1,772 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 48,089 |
| All Other Assets | 18,517 |
| TOTAL ASSETS | 6,142,979 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,022,601 |
| Regular shares | 2,749,788 |
| All Other Shares & Deposits | 2,019,369 |
| TOTAL SHARES & DEPOSITS | 5,791,758 |
| TOTAL LIABILITIES | 5,833,737 |
| Regular Reserve | 148,469 |
| Other Reserves | 0 |
| Undivided Earnings | 160,773 |
| TOTAL EQUITY | 309,242 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,142,979 |
| INCOME & EXPENSE | |
| Loan Income | 131,905 |
| Investment Income | 20,744 |
| Other Income | 86,259 |
| Total Employee Compensation & Benefits | 114,684 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 172,052 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,833 |
| Cost of Funds | 2,054 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -35,289 |
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