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 |
↑ Back to Top |