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GRASSLANDS FEDERAL CREDIT UNION

Dec, 31, 2020 — GRASSLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in CIRCLE, MT with 2 branch locations and about $93.69 million in total assets. Opened 65 years ago in 1956, GRASSLANDS FEDERAL CREDIT UNION has about 3,398 members and employs 19 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:3,398
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:$93,687,950
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 15,178,764
TOTAL INVESTMENTS 21,455,906
Loans Held for Sale 0
 
 Real Estate Loans 30,458,745
 Unsecured Loans 585,064
 Other Loans 22,282,172
 TOTAL LOANS 53,325,981
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -522,620
 Land And Building 2,073,715
 Other Fixed Assets 118,538
 NCUSIF Deposit 674,099
 All Other Assets 1,383,567
  TOTAL ASSETS 93,687,950
LIABILITIES & CAPITAL:  
 Dividends Payable 90,298
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -284,945
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,797,535
 Regular shares 17,258,484
 All Other Shares & Deposits 43,002,939
  TOTAL SHARES & DEPOSITS 81,058,958
  TOTAL LIABILITIES 80,864,311
 Regular Reserve 983,949
 Other Reserves 0
 Undivided Earnings 11,839,690
  TOTAL EQUITY 12,823,639
  TOTAL LIABILITIES, SHARES, & EQUITY 93,687,950
INCOME & EXPENSE  
 Loan Income 2,882,871
 Investment Income 340,455
 Other Income 594,242
 Total Employee Compensation & Benefits 1,479,757
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,253,801
 Non-operating Income & (Expense) 373
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -26,300
 Cost of Funds 527,453
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 583,230
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