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FLAG CREDIT UNION

Jun, 30, 2021 — FLAG CREDIT UNION is a federally insured state chartered credit union headquartered in Tallahassee, FL with 1 branch location and about $53.96 million in total assets. Opened 61 years ago in 1960, FLAG CREDIT UNION has about 6,212 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FLAG CREDIT UNION
Address:
(Main Office)
3115 Conner Blvd
Tallahassee, FL 32311
Phone:(850) 488-6781
Fax:(850) 922-4613
Website:http://www.flagcu.com
Branches:1 branch locations
Members:6,212
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68461
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$53,957,114
CEO/Manager:Amy D Green
Chairperson:Thomas R James

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,056,832
TOTAL INVESTMENTS 6,588,927
Loans Held for Sale 0
 
 Real Estate Loans 3,718,582
 Unsecured Loans 4,513,380
 Other Loans 26,586,034
 TOTAL LOANS 34,817,996
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -469,038
 Land And Building 835,010
 Other Fixed Assets 229,011
 NCUSIF Deposit 436,425
 All Other Assets 2,461,951
  TOTAL ASSETS 53,957,114
LIABILITIES & CAPITAL:  
 Dividends Payable 105
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 949,339
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,618,953
 Regular shares 25,998,937
 All Other Shares & Deposits 11,778,941
  TOTAL SHARES & DEPOSITS 48,396,831
  TOTAL LIABILITIES 49,346,275
 Regular Reserve 675,472
 Other Reserves -442,445
 Undivided Earnings 4,377,812
  TOTAL EQUITY 4,610,839
  TOTAL LIABILITIES, SHARES, & EQUITY 53,957,114
INCOME & EXPENSE  
 Loan Income 1,102,987
 Investment Income 21,935
 Other Income 168,503
 Total Employee Compensation & Benefits 443,703
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 687,579
 Non-operating Income & (Expense) 20,152
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 105,795
 Cost of Funds 24,743
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 335,683
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