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National Credit Union Service Organization

MILES CITY FEDERAL CREDIT UNION

Dec, 31, 2023 — MILES CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MILES CITY, MT with 1 branch location and about $4.27 million in total assets. Opened 72 years ago in 1952, MILES CITY FEDERAL CREDIT UNION has about 396 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MILES CITY FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 27
MILES CITY, MT 59301-3818
Phone:(406) 234-5458
Fax:(406) 234-1467
Website:n/a
Branches:1 branch locations
Members:396
Credit Union Type:Federal Credit Union
Charter Number:8003
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jul 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,269,990
CEO/Manager:Sheila A Brown
Chairperson:Melissa M Hartman

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 471,668
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 134,059
 Other Loans 1,632,245
 TOTAL LOANS 1,766,304
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,029
 Land And Building 194,688
 Other Fixed Assets 3,813
 NCUSIF Deposit 36,135
 All Other Assets 0
  TOTAL ASSETS 4,269,990
LIABILITIES & CAPITAL:  
 Dividends Payable 120
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,100
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 63,447
 Regular shares 3,443,348
 All Other Shares & Deposits 214,496
  TOTAL SHARES & DEPOSITS 3,721,291
  TOTAL LIABILITIES 3,727,511
 Regular Reserve 0
 Other Reserves 49,995
 Undivided Earnings 492,484
  TOTAL EQUITY 542,479
  TOTAL LIABILITIES, SHARES, & EQUITY 4,269,990
INCOME & EXPENSE  
 Loan Income 44,885
 Investment Income 23,997
 Other Income 19,700
 Total Employee Compensation & Benefits 49,328
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 51,760
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,061
 Cost of Funds 1,482
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,927
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