Dec, 31, 2023 — BILLINGS FEDERAL CREDIT UNION is a federal credit union headquartered in BILLINGS, MT with 4 branch locations and about $200.42 million in total assets. Opened 89 years ago in 1935, BILLINGS FEDERAL CREDIT UNION has about 12,549 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BILLINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2522 4th Ave N BILLINGS, MT 59101-1316 |
Phone: | (406) 248-1127 |
Fax: | (406) 248-2704 |
Website: | https://www.billingsfcu.org |
Branches: | 4 branch locations |
Members: | 12,549 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 887 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $200,421,717 |
CEO/Manager: | Tom Boos |
Chairperson: | Patrick J Erger |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,171,142 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 111,854,321 |
Unsecured Loans | 11,023,060 |
Other Loans | 42,827,582 |
TOTAL LOANS | 165,704,963 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,259,126 |
Land And Building | 9,383,568 |
Other Fixed Assets | 1,043,639 |
NCUSIF Deposit | 1,542,296 |
All Other Assets | 91,000 |
TOTAL ASSETS | 200,421,717 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 6,500,000 |
Accounts Payable & Other Liabilities | 4,375,804 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,129,757 |
Regular shares | 50,560,913 |
All Other Shares & Deposits | 86,772,532 |
TOTAL SHARES & DEPOSITS | 164,463,202 |
TOTAL LIABILITIES | 175,339,006 |
Regular Reserve | 0 |
Other Reserves | 1,901,906 |
Undivided Earnings | 23,180,805 |
TOTAL EQUITY | 25,082,711 |
TOTAL LIABILITIES, SHARES, & EQUITY | 200,421,717 |
INCOME & EXPENSE | |
Loan Income | 8,842,359 |
Investment Income | 261,563 |
Other Income | 1,740,401 |
Total Employee Compensation & Benefits | 4,446,599 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,988,585 |
Non-operating Income & (Expense) | 13,821 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 801,530 |
Cost of Funds | 2,322,092 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 928,592 |
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