Mar, 31, 2022 — GRASSLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in CIRCLE, MT with 2 branch locations and about $110.84 million in total assets. Opened 66 years ago in 1956, GRASSLANDS FEDERAL CREDIT UNION has about 3,556 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) | 320 Main CIRCLE, MT 59215 |
| Phone: | (406) 485-2288 |
| Fax: | (406) 485-2074 |
| Website: | http://www.grasslandscu.com |
| Branches: | 2 branch locations |
| Members: | 3,556 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,835,068 |
| CEO/Manager: | EMILY K GULDBORG |
| Chairperson: | R K Voss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,591,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,997,372 |
| Unsecured Loans | 487,614 |
| Other Loans | 19,618,025 |
| TOTAL LOANS | 50,103,011 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -542,849 |
| Land And Building | 2,012,958 |
| Other Fixed Assets | 75,550 |
| NCUSIF Deposit | 778,414 |
| All Other Assets | 56,000 |
| TOTAL ASSETS | 110,835,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,830 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,772,137 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,166,490 |
| Regular shares | 24,545,180 |
| All Other Shares & Deposits | 51,301,724 |
| TOTAL SHARES & DEPOSITS | 97,013,394 |
| TOTAL LIABILITIES | 95,277,087 |
| Regular Reserve | 0 |
| Other Reserves | 983,949 |
| Undivided Earnings | 14,574,032 |
| TOTAL EQUITY | 15,557,981 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,835,068 |
| INCOME & EXPENSE | |
| Loan Income | 548,188 |
| Investment Income | 44,822 |
| Other Income | 169,123 |
| Total Employee Compensation & Benefits | 355,693 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 309,803 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 58,349 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 167,198 |
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