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FLOWERS FOODS EMPLOYEES CREDIT LEAGUE

Jun, 30, 2021 — FLOWERS FOODS EMPLOYEES CREDIT LEAGUE is a federally insured state chartered credit union headquartered in THOMASVILLE, GA with 1 branch location and about $25.90 million in total assets. Opened 50 years ago in 1971, FLOWERS FOODS EMPLOYEES CREDIT LEAGUE has about 5,094 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FLOWERS FOODS EMPLOYEES CREDIT LEAGUE
Address:
(Main Office)
P. O. BOX 3137
THOMASVILLE, GA 31799
Phone:(229) 228-6860
Fax:(229) 228-9233
Website:http://www.creditleague.org
Branches:1 branch locations
Members:5,094
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67392
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1971
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$25,899,090
CEO/Manager:Jack Singletary
Chairperson:Dan Stone

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,302,383
TOTAL INVESTMENTS 9,514,506
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,163,372
 Other Loans 8,160,807
 TOTAL LOANS 10,324,179
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -245,490
 Land And Building 261,101
 Other Fixed Assets 25,555
 NCUSIF Deposit 171,646
 All Other Assets 545,210
  TOTAL ASSETS 25,899,090
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 148,806
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 15,167,681
 All Other Shares & Deposits 3,513,260
  TOTAL SHARES & DEPOSITS 18,680,941
  TOTAL LIABILITIES 18,829,747
 Regular Reserve 1,210,000
 Other Reserves 0
 Undivided Earnings 5,859,343
  TOTAL EQUITY 7,069,343
  TOTAL LIABILITIES, SHARES, & EQUITY 25,899,090
INCOME & EXPENSE  
 Loan Income 438,653
 Investment Income 74,136
 Other Income 21,605
 Total Employee Compensation & Benefits 311,306
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 174,815
 Non-operating Income & (Expense) -83,083
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 108,128
 Cost of Funds 21,699
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -142,225
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