FLAG CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.flagcu.com for more information.
Dec, 31, 2023 — FLAG CREDIT UNION is a federally insured state chartered credit union headquartered in Tallahassee, FL with 1 branch location and about $58.61 million in total assets. Opened 64 years ago in 1960, FLAG CREDIT UNION has about 6,133 members and employs 14 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 |
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Address: (Main Office) | 3115 Conner Blvd Tallahassee, FL 32311 |
Phone: | (850) 488-6781 |
Fax: | (850) 922-4613 |
Website: | https://www.flagcu.com |
Branches: | 1 branch locations |
Members: | 6,133 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68461 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,607,376 |
CEO/Manager: | Amy D Green |
Chairperson: | Thomas R James |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,860,880 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,934,779 |
Unsecured Loans | 4,170,930 |
Other Loans | 27,455,223 |
TOTAL LOANS | 35,560,932 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -454,013 |
Land And Building | 816,625 |
Other Fixed Assets | 206,661 |
NCUSIF Deposit | 476,607 |
All Other Assets | 44,550 |
TOTAL ASSETS | 58,607,376 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,210,651 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,594,738 |
Regular shares | 27,691,344 |
All Other Shares & Deposits | 11,416,052 |
TOTAL SHARES & DEPOSITS | 50,702,134 |
TOTAL LIABILITIES | 52,912,828 |
Regular Reserve | 0 |
Other Reserves | -418,895 |
Undivided Earnings | 6,113,443 |
TOTAL EQUITY | 5,694,548 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,607,376 |
INCOME & EXPENSE | |
Loan Income | 574,484 |
Investment Income | 15,192 |
Other Income | 96,464 |
Total Employee Compensation & Benefits | 240,040 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 717,754 |
Non-operating Income & (Expense) | 7,936 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,963 |
Cost of Funds | 9,448 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 219,931 |
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