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FLAG CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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