Dec, 31, 2023 — GRASSLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in CIRCLE, MT with 2 branch locations and about $117.21 million in total assets. Opened 68 years ago in 1956, GRASSLANDS FEDERAL CREDIT UNION has about 3,725 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRASSLANDS FEDERAL CREDIT UNION |
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Address: (Main Office) | 320 Main CIRCLE, MT 59215 |
Phone: | (406) 485-2288 |
Fax: | (406) 485-2074 |
Website: | https://www.grasslandscu.com |
Branches: | 2 branch locations |
Members: | 3,725 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11030 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $117,212,848 |
CEO/Manager: | EMILY K GULDBORG |
Chairperson: | R K Voss |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,567,391 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,419,876 |
Unsecured Loans | 646,280 |
Other Loans | 32,288,199 |
TOTAL LOANS | 72,354,355 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -502,025 |
Land And Building | 4,002,077 |
Other Fixed Assets | 213,004 |
NCUSIF Deposit | 831,365 |
All Other Assets | 42,000 |
TOTAL ASSETS | 117,212,848 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 580,028 |
Notes & Interest Payable | 2,433,347 |
Accounts Payable & Other Liabilities | -639,663 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,845,136 |
Regular shares | 22,584,639 |
All Other Shares & Deposits | 52,089,099 |
TOTAL SHARES & DEPOSITS | 98,518,874 |
TOTAL LIABILITIES | 100,946,673 |
Regular Reserve | 0 |
Other Reserves | 983,949 |
Undivided Earnings | 15,282,226 |
TOTAL EQUITY | 16,266,175 |
TOTAL LIABILITIES, SHARES, & EQUITY | 117,212,848 |
INCOME & EXPENSE | |
Loan Income | 3,609,319 |
Investment Income | 510,380 |
Other Income | 580,632 |
Total Employee Compensation & Benefits | 1,560,691 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,507,257 |
Non-operating Income & (Expense) | -73 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,853 |
Cost of Funds | 1,276,249 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 413,311 |
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