Dec, 31, 2020 — 1ST LIBERTY FEDERAL CREDIT UNION is a federal credit union headquartered in Great Falls, MT with 8 branch locations and about $209.28 million in total assets. Opened 66 years ago in 1955, 1ST LIBERTY FEDERAL CREDIT UNION has about 17,444 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST LIBERTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. Box 5002 Great Falls, MT 59403 |
| Phone: | (406) 761-8300 |
| Fax: | (406) 761-8305 |
| Website: | http://www.1stliberty.org |
| Branches: | 8 branch locations |
| Members: | 17,444 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10375 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $209,283,413 |
| CEO/Manager: | Steven Grooms |
| Chairperson: | John Foley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,528,372 |
| TOTAL INVESTMENTS | 70,908,455 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,446,681 |
| Unsecured Loans | 4,183,849 |
| Other Loans | 70,520,702 |
| TOTAL LOANS | 97,151,232 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,064,448 |
| Land And Building | 2,828,820 |
| Other Fixed Assets | 396,069 |
| NCUSIF Deposit | 1,690,938 |
| All Other Assets | 6,843,975 |
| TOTAL ASSETS | 209,283,413 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,581,092 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,416,642 |
| Regular shares | 108,936,322 |
| All Other Shares & Deposits | 33,697,964 |
| TOTAL SHARES & DEPOSITS | 183,050,928 |
| TOTAL LIABILITIES | 185,632,020 |
| Regular Reserve | 1,193,347 |
| Other Reserves | 22,456,046 |
| Undivided Earnings | 2,000 |
| TOTAL EQUITY | 23,651,393 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 209,283,413 |
| INCOME & EXPENSE | |
| Loan Income | 4,258,375 |
| Investment Income | 1,144,572 |
| Other Income | 2,296,908 |
| Total Employee Compensation & Benefits | 3,535,135 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,082,950 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,209 |
| Cost of Funds | 417,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 673,712 |
| ↑ Back to Top | |