Dec, 31, 2023 — M M EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 1 branch location and about $1.51 million in total assets. Opened 87 years ago in 1937, M M EMPLOYEES FEDERAL CREDIT UNION has about 358 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | M M EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 S Russell St Ste 6 MISSOULA, MT 59801 |
| Phone: | (406) 541-6628 |
| Fax: | (406) 721-1625 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 358 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2211 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,505,865 |
| CEO/Manager: | Debra K McConaughey |
| Chairperson: | John Fuchs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 740,883 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 139,737 |
| Other Loans | 606,069 |
| TOTAL LOANS | 745,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,979 |
| Land And Building | 0 |
| Other Fixed Assets | 189 |
| NCUSIF Deposit | 15,210 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,505,865 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 172 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,169 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,364,596 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,364,596 |
| TOTAL LIABILITIES | 1,366,937 |
| Regular Reserve | 0 |
| Other Reserves | 31,042 |
| Undivided Earnings | 107,886 |
| TOTAL EQUITY | 138,928 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,505,865 |
| INCOME & EXPENSE | |
| Loan Income | 36,204 |
| Investment Income | 8,621 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 24,291 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,971 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 727 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,836 |
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