Dec, 31, 2023 — ALTANA FEDERAL CREDIT UNION is a federal credit union headquartered in BILLINGS, MT with 12 branch locations and about $560.48 million in total assets. Opened 75 years ago in 1949, ALTANA FEDERAL CREDIT UNION has about 38,149 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALTANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 3212 Central Ave BILLINGS, MT 59102-6646 |
Phone: | (406) 651-2328 |
Fax: | (406) 651-2359 |
Website: | https://www.altanafcu.org |
Branches: | 12 branch locations |
Members: | 38,149 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6275 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $560,484,866 |
CEO/Manager: | Jason Hagadone |
Chairperson: | William M Pedersen |
ASSETS: | $ Amount |
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Cash & Equivalents | 45,191,859 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 170,016,299 |
Unsecured Loans | 15,807,049 |
Other Loans | 218,607,604 |
TOTAL LOANS | 404,430,952 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,484,444 |
Land And Building | 12,446,556 |
Other Fixed Assets | 1,150,250 |
NCUSIF Deposit | 4,727,768 |
All Other Assets | 53,348 |
TOTAL ASSETS | 560,484,866 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,376,540 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 107,266,412 |
Regular shares | 193,684,738 |
All Other Shares & Deposits | 199,152,517 |
TOTAL SHARES & DEPOSITS | 500,103,667 |
TOTAL LIABILITIES | 503,480,219 |
Regular Reserve | 0 |
Other Reserves | 6,482,476 |
Undivided Earnings | 50,522,171 |
TOTAL EQUITY | 57,004,647 |
TOTAL LIABILITIES, SHARES, & EQUITY | 560,484,866 |
INCOME & EXPENSE | |
Loan Income | 21,328,763 |
Investment Income | 4,483,538 |
Other Income | 3,017,942 |
Total Employee Compensation & Benefits | 11,512,213 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,569,559 |
Non-operating Income & (Expense) | 903,429 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,036,220 |
Cost of Funds | 5,501,228 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,408,449 |
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