Dec, 31, 2023 — RIMROCK CREDIT UNION is a federally insured state chartered credit union headquartered in BILLINGS, MT with 2 branch locations and about $56.67 million in total assets. Opened 75 years ago in 1949, RIMROCK CREDIT UNION has about 3,445 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIMROCK CREDIT UNION |
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Address: (Main Office) | 952 Central Ave BILLINGS, MT 59102-5845 |
Phone: | (406) 248-3685 |
Fax: | (406) 248-3686 |
Website: | https://www.rimrockcu.org |
Branches: | 2 branch locations |
Members: | 3,445 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63183 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,674,993 |
CEO/Manager: | Wade McFadden |
Chairperson: | Jim Kraft |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,243,009 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,125,814 |
Unsecured Loans | 3,306,556 |
Other Loans | 12,911,343 |
TOTAL LOANS | 17,343,713 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -113,649 |
Land And Building | 1,351,070 |
Other Fixed Assets | 386,606 |
NCUSIF Deposit | 494,295 |
All Other Assets | 0 |
TOTAL ASSETS | 56,674,993 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 156,797 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 156,446 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,858,791 |
Regular shares | 23,597,576 |
All Other Shares & Deposits | 14,519,767 |
TOTAL SHARES & DEPOSITS | 48,976,135 |
TOTAL LIABILITIES | 49,289,378 |
Regular Reserve | 0 |
Other Reserves | 1,142,078 |
Undivided Earnings | 6,243,537 |
TOTAL EQUITY | 7,385,615 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,674,993 |
INCOME & EXPENSE | |
Loan Income | 922,162 |
Investment Income | 1,112,487 |
Other Income | 97,656 |
Total Employee Compensation & Benefits | 537,871 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 897,104 |
Non-operating Income & (Expense) | -12,271 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,710 |
Cost of Funds | 257,848 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 579,509 |
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