Dec, 31, 2023 — WOLF POINT FEDERAL CREDIT UNION is a federal credit union headquartered in WOLF POINT, MT with 1 branch location and about $20.78 million in total assets. Opened 61 years ago in 1963, WOLF POINT FEDERAL CREDIT UNION has about 3,110 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WOLF POINT FEDERAL CREDIT UNION |
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Address: (Main Office) | 217 3rd Ave S WOLF POINT, MT 59201 |
Phone: | (406) 653-2880 |
Fax: | (406) 653-2884 |
Website: | https://wpfcu.com |
Branches: | 1 branch locations |
Members: | 3,110 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15375 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Aug 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,783,704 |
CEO/Manager: | Shelly Stovern |
Chairperson: | Donna Archdale |
ASSETS: | $ Amount |
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Cash & Equivalents | 601,081 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 936,558 |
Other Loans | 6,200,343 |
TOTAL LOANS | 7,136,901 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -128,487 |
Land And Building | 241,330 |
Other Fixed Assets | 12,224 |
NCUSIF Deposit | 132,622 |
All Other Assets | 0 |
TOTAL ASSETS | 20,783,704 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 139,648 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,073,770 |
Regular shares | 12,754,866 |
All Other Shares & Deposits | 2,414,109 |
TOTAL SHARES & DEPOSITS | 17,242,746 |
TOTAL LIABILITIES | 17,382,394 |
Regular Reserve | 0 |
Other Reserves | 216,209 |
Undivided Earnings | 3,185,101 |
TOTAL EQUITY | 3,401,310 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,783,704 |
INCOME & EXPENSE | |
Loan Income | 391,502 |
Investment Income | 548,621 |
Other Income | 201,854 |
Total Employee Compensation & Benefits | 265,166 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 347,639 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,487 |
Cost of Funds | 132,514 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 283,564 |
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