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 |
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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 |
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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 |
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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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