Dec, 31, 2023 — FLASHER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FLASHER, ND with 1 branch location and about $13.37 million in total assets. Opened 85 years ago in 1939, FLASHER COMMUNITY CREDIT UNION has about 680 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLASHER COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 N Main St FLASHER, ND 58535-7201 |
| Phone: | (701) 597-3391 |
| Fax: | (701) 597-3391 |
| Website: | https://flashercreditunion.org |
| Branches: | 1 branch locations |
| Members: | 680 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64240 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,366,878 |
| CEO/Manager: | Jon Griffin |
| Chairperson: | Elwood Barth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,899,503 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,979,108 |
| Unsecured Loans | 50,187 |
| Other Loans | 3,467,288 |
| TOTAL LOANS | 8,553,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,548 |
| Land And Building | 2,398 |
| Other Fixed Assets | 6,233 |
| NCUSIF Deposit | 125,437 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,366,878 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 48,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,598,494 |
| Regular shares | 5,886,142 |
| All Other Shares & Deposits | 2,597,798 |
| TOTAL SHARES & DEPOSITS | 12,082,434 |
| TOTAL LIABILITIES | 12,131,196 |
| Regular Reserve | 0 |
| Other Reserves | 400,000 |
| Undivided Earnings | 835,682 |
| TOTAL EQUITY | 1,235,682 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,366,878 |
| INCOME & EXPENSE | |
| Loan Income | 464,364 |
| Investment Income | 109,050 |
| Other Income | 52,554 |
| Total Employee Compensation & Benefits | 165,947 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 393,795 |
| Non-operating Income & (Expense) | -33,060 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 78,675 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,925 |
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