Dec, 31, 2023 — CLEARWATER FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 10 branch locations and about $1.03 billion in total assets. Opened 68 years ago in 1956, CLEARWATER FEDERAL CREDIT UNION has about 60,139 members and employs 183 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLEARWATER FEDERAL CREDIT UNION |
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Address: (Main Office) | 3600 Brooks St MISSOULA, MT 59801 |
Phone: | (406) 523-3300 |
Fax: | (406) 523-3535 |
Website: | https://www.clearwatercreditunion.org |
Branches: | 10 branch locations |
Members: | 60,139 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11300 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,031,816,267 |
CEO/Manager: | Jack Lawson |
Chairperson: | Anthony R Boote |
ASSETS: | $ Amount |
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Cash & Equivalents | 55,306,767 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 455,963,378 |
Unsecured Loans | 58,513,572 |
Other Loans | 214,370,449 |
TOTAL LOANS | 728,938,326 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,153,748 |
Land And Building | 19,520,165 |
Other Fixed Assets | 1,463,224 |
NCUSIF Deposit | 7,622,545 |
All Other Assets | 0 |
TOTAL ASSETS | 1,031,816,267 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 243,210 |
Notes & Interest Payable | 121,700,000 |
Accounts Payable & Other Liabilities | 13,989,267 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 17,800,000 |
Share Drafts | 262,345,786 |
Regular shares | 297,546,207 |
All Other Shares & Deposits | 229,976,209 |
TOTAL SHARES & DEPOSITS | 789,868,202 |
TOTAL LIABILITIES | 944,178,128 |
Regular Reserve | 0 |
Other Reserves | -18,165,157 |
Undivided Earnings | 105,803,296 |
TOTAL EQUITY | 87,638,139 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,031,816,267 |
INCOME & EXPENSE | |
Loan Income | 32,483,836 |
Investment Income | 8,618,579 |
Other Income | 3,324,429 |
Total Employee Compensation & Benefits | 15,844,127 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,663,023 |
Non-operating Income & (Expense) | -6,638 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,845,136 |
Cost of Funds | 8,923,088 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,252,545 |
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