Mar, 31, 2021 — GRASSLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in CIRCLE, MT with 2 branch locations and about $100.39 million in total assets. Opened 65 years ago in 1956, GRASSLANDS FEDERAL CREDIT UNION has about 3,420 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRASSLANDS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 79 CIRCLE, MT 59215 |
| Phone: | (406) 485-2288 |
| Fax: | (406) 485-2074 |
| Website: | http://www.grasslandscu.com |
| Branches: | 2 branch locations |
| Members: | 3,420 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11030 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jul 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $100,393,632 |
| CEO/Manager: | EMILY K GULDBORG |
| Chairperson: | R K Voss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,359,686 |
| TOTAL INVESTMENTS | 29,644,980 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,572,436 |
| Unsecured Loans | 4,019,410 |
| Other Loans | 20,162,165 |
| TOTAL LOANS | 53,754,011 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -492,073 |
| Land And Building | 2,061,563 |
| Other Fixed Assets | 107,818 |
| NCUSIF Deposit | 674,099 |
| All Other Assets | 1,283,548 |
| TOTAL ASSETS | 100,393,632 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 68,701 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 272,844 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,275,473 |
| Regular shares | 19,961,604 |
| All Other Shares & Deposits | 46,508,386 |
| TOTAL SHARES & DEPOSITS | 86,745,463 |
| TOTAL LIABILITIES | 87,087,008 |
| Regular Reserve | 983,949 |
| Other Reserves | 0 |
| Undivided Earnings | 12,322,675 |
| TOTAL EQUITY | 13,306,624 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,393,632 |
| INCOME & EXPENSE | |
| Loan Income | 651,001 |
| Investment Income | 30,486 |
| Other Income | 645,011 |
| Total Employee Compensation & Benefits | 365,159 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,764 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
| Cost of Funds | 90,590 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 482,985 |
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