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 |
| 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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