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GRASSLANDS FEDERAL CREDIT UNION

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

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Individual Development Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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