Dec, 31, 2023 — GRASSLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in CIRCLE, MT with 2 branch locations and about $117.21 million in total assets. Opened 68 years ago in 1956, GRASSLANDS FEDERAL CREDIT UNION has about 3,725 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: | https://www.grasslandscu.com |
| Branches: | 2 branch locations |
| Members: | 3,725 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11030 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,212,848 |
| CEO/Manager: | EMILY K GULDBORG |
| Chairperson: | R K Voss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,567,391 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,419,876 |
| Unsecured Loans | 646,280 |
| Other Loans | 32,288,199 |
| TOTAL LOANS | 72,354,355 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -502,025 |
| Land And Building | 4,002,077 |
| Other Fixed Assets | 213,004 |
| NCUSIF Deposit | 831,365 |
| All Other Assets | 42,000 |
| TOTAL ASSETS | 117,212,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 580,028 |
| Notes & Interest Payable | 2,433,347 |
| Accounts Payable & Other Liabilities | -639,663 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,845,136 |
| Regular shares | 22,584,639 |
| All Other Shares & Deposits | 52,089,099 |
| TOTAL SHARES & DEPOSITS | 98,518,874 |
| TOTAL LIABILITIES | 100,946,673 |
| Regular Reserve | 0 |
| Other Reserves | 983,949 |
| Undivided Earnings | 15,282,226 |
| TOTAL EQUITY | 16,266,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,212,848 |
| INCOME & EXPENSE | |
| Loan Income | 3,609,319 |
| Investment Income | 510,380 |
| Other Income | 580,632 |
| Total Employee Compensation & Benefits | 1,560,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,507,257 |
| Non-operating Income & (Expense) | -73 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,853 |
| Cost of Funds | 1,276,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 413,311 |
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