Dec, 31, 2020 — CLEARWATER FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 7 branch locations and about $752.76 million in total assets. Opened 65 years ago in 1956, CLEARWATER FEDERAL CREDIT UNION has about 52,408 members and employs 159 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CLEARWATER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3600 BROOKS ST MISSOULA, MT 59801 |
| Phone: | (406) 523-3300 |
| Fax: | (406) 523-3535 |
| Website: | http://www.clearwatercreditunion.org |
| Branches: | 7 branch locations |
| Members: | 52,408 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11300 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $752,760,460 |
| CEO/Manager: | Jack Lawson |
| Chairperson: | Anthony R Boote |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,993,509 |
| TOTAL INVESTMENTS | 260,121,450 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 250,073,184 |
| Unsecured Loans | 41,642,464 |
| Other Loans | 128,992,603 |
| TOTAL LOANS | 420,892,396 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,735,084 |
| Land And Building | 18,566,187 |
| Other Fixed Assets | 2,224,338 |
| NCUSIF Deposit | 5,778,498 |
| All Other Assets | 11,919,166 |
| TOTAL ASSETS | 752,760,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,251 |
| Notes & Interest Payable | 2,463,518 |
| Accounts Payable & Other Liabilities | 7,295,678 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 235,367,470 |
| Regular shares | 299,047,236 |
| All Other Shares & Deposits | 130,660,643 |
| TOTAL SHARES & DEPOSITS | 665,075,349 |
| TOTAL LIABILITIES | 674,891,796 |
| Regular Reserve | 4,309,995 |
| Other Reserves | 9,935,380 |
| Undivided Earnings | 63,623,289 |
| TOTAL EQUITY | 77,868,664 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 752,760,460 |
| INCOME & EXPENSE | |
| Loan Income | 16,272,678 |
| Investment Income | 4,984,870 |
| Other Income | 10,974,098 |
| Total Employee Compensation & Benefits | 12,749,535 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,600,529 |
| Non-operating Income & (Expense) | 1,819,799 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,454,117 |
| Cost of Funds | 1,816,540 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,430,724 |
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