Dec, 31, 2023 — SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ANACONDA, MT with 2 branch locations and about $145.70 million in total assets. Opened 83 years ago in 1941, SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION has about 8,049 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHWEST MONTANA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1035 W Park Ave ANACONDA, MT 59711 |
| Phone: | (406) 563-8484 |
| Fax: | (406) 563-7122 |
| Website: | https://www.swmcfcu.org |
| Branches: | 2 branch locations |
| Members: | 8,049 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4401 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $145,696,928 |
| CEO/Manager: | Teri Krakowka |
| Chairperson: | Michael Hahm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,323,598 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,807,670 |
| Unsecured Loans | 2,561,033 |
| Other Loans | 28,407,079 |
| TOTAL LOANS | 70,775,782 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -308,786 |
| Land And Building | 5,361,904 |
| Other Fixed Assets | 163,855 |
| NCUSIF Deposit | 1,300,399 |
| All Other Assets | 0 |
| TOTAL ASSETS | 145,696,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,053,532 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,229,687 |
| Regular shares | 63,584,558 |
| All Other Shares & Deposits | 39,908,703 |
| TOTAL SHARES & DEPOSITS | 132,722,947 |
| TOTAL LIABILITIES | 134,776,486 |
| Regular Reserve | 0 |
| Other Reserves | -5,406,686 |
| Undivided Earnings | 16,327,128 |
| TOTAL EQUITY | 10,920,442 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 145,696,928 |
| INCOME & EXPENSE | |
| Loan Income | 2,930,611 |
| Investment Income | 1,716,432 |
| Other Income | 1,132,471 |
| Total Employee Compensation & Benefits | 1,962,453 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,445,574 |
| Non-operating Income & (Expense) | 19,664 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,419 |
| Cost of Funds | 426,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 981,300 |
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