Dec, 31, 2023 — 1ST LIBERTY FEDERAL CREDIT UNION is a federal credit union headquartered in GREAT FALLS, MT with 7 branch locations and about $211.72 million in total assets. Opened 69 years ago in 1955, 1ST LIBERTY FEDERAL CREDIT UNION has about 15,477 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | 1ST LIBERTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 6200 3rd Ave N GREAT FALLS, MT 59405-1528 |
Phone: | (406) 761-8300 |
Fax: | (406) 761-8305 |
Website: | https://www.1stliberty.org |
Branches: | 7 branch locations |
Members: | 15,477 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10375 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $211,721,251 |
CEO/Manager: | Steven Grooms |
Chairperson: | Ken Sylva |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,811,091 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,986,030 |
Unsecured Loans | 3,256,520 |
Other Loans | 67,718,242 |
TOTAL LOANS | 91,960,792 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -570,253 |
Land And Building | 2,347,479 |
Other Fixed Assets | 459,593 |
NCUSIF Deposit | 1,932,165 |
All Other Assets | 0 |
TOTAL ASSETS | 211,721,251 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,980,380 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 44,448,390 |
Regular shares | 111,233,211 |
All Other Shares & Deposits | 29,913,311 |
TOTAL SHARES & DEPOSITS | 185,594,913 |
TOTAL LIABILITIES | 189,575,293 |
Regular Reserve | 0 |
Other Reserves | 22,143,958 |
Undivided Earnings | 2,000 |
TOTAL EQUITY | 22,145,958 |
TOTAL LIABILITIES, SHARES, & EQUITY | 211,721,251 |
INCOME & EXPENSE | |
Loan Income | 3,915,535 |
Investment Income | 3,527,986 |
Other Income | 2,085,789 |
Total Employee Compensation & Benefits | 3,565,166 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,419,858 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,000 |
Cost of Funds | 616,594 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,587,756 |
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