Dec, 31, 2023 — SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ANACONDA, MT with 2 branch locations and about $145.70 million in total assets. Opened 83 years ago in 1941, SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION has about 8,049 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1035 W Park Ave ANACONDA, MT 59711 |
Phone: | (406) 563-8484 |
Fax: | (406) 563-7122 |
Website: | https://www.swmcfcu.org |
Branches: | 2 branch locations |
Members: | 8,049 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4401 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $145,696,928 |
CEO/Manager: | Teri Krakowka |
Chairperson: | Michael Hahm |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,323,598 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,807,670 |
Unsecured Loans | 2,561,033 |
Other Loans | 28,407,079 |
TOTAL LOANS | 70,775,782 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -308,786 |
Land And Building | 5,361,904 |
Other Fixed Assets | 163,855 |
NCUSIF Deposit | 1,300,399 |
All Other Assets | 0 |
TOTAL ASSETS | 145,696,928 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,053,532 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,229,687 |
Regular shares | 63,584,558 |
All Other Shares & Deposits | 39,908,703 |
TOTAL SHARES & DEPOSITS | 132,722,947 |
TOTAL LIABILITIES | 134,776,486 |
Regular Reserve | 0 |
Other Reserves | -5,406,686 |
Undivided Earnings | 16,327,128 |
TOTAL EQUITY | 10,920,442 |
TOTAL LIABILITIES, SHARES, & EQUITY | 145,696,928 |
INCOME & EXPENSE | |
Loan Income | 2,930,611 |
Investment Income | 1,716,432 |
Other Income | 1,132,471 |
Total Employee Compensation & Benefits | 1,962,453 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,445,574 |
Non-operating Income & (Expense) | 19,664 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,419 |
Cost of Funds | 426,652 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 981,300 |
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