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CLEARWATER FEDERAL CREDIT UNION

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

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Individual Development Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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