Dec, 31, 2023 — SEG FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MT with 2 branch locations and about $23.10 million in total assets. Opened 73 years ago in 1951, SEG FEDERAL CREDIT UNION has about 1,925 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: | SEG FEDERAL CREDIT UNION |
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Address: (Main Office) | 617 SE 4th St LAUREL, MT 59044-3307 |
Phone: | (406) 628-7711 |
Fax: | (406) 628-5759 |
Website: | https://www.segfcu.org |
Branches: | 2 branch locations |
Members: | 1,925 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7405 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,097,634 |
CEO/Manager: | Danielle Kopp |
Chairperson: | George R Maas |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,063,006 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,548,371 |
Unsecured Loans | 923,945 |
Other Loans | 14,541,957 |
TOTAL LOANS | 17,014,273 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,495 |
Land And Building | 140,754 |
Other Fixed Assets | 67,535 |
NCUSIF Deposit | 201,814 |
All Other Assets | 22,000 |
TOTAL ASSETS | 23,097,634 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 80,199 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 184,483 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,532,894 |
Regular shares | 7,564,425 |
All Other Shares & Deposits | 8,163,026 |
TOTAL SHARES & DEPOSITS | 20,260,345 |
TOTAL LIABILITIES | 20,525,027 |
Regular Reserve | 0 |
Other Reserves | 109,424 |
Undivided Earnings | 2,463,183 |
TOTAL EQUITY | 2,572,607 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,097,634 |
INCOME & EXPENSE | |
Loan Income | 924,274 |
Investment Income | 78,576 |
Other Income | 157,389 |
Total Employee Compensation & Benefits | 390,607 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 396,182 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,000 |
Cost of Funds | 149,233 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 272,175 |
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