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CLEARWATER FEDERAL CREDIT UNION

Dec, 31, 2023 — CLEARWATER FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 10 branch locations and about $1.03 billion in total assets. Opened 68 years ago in 1956, CLEARWATER FEDERAL CREDIT UNION has about 60,139 members and employs 183 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:https://www.clearwatercreditunion.org
Branches:10 branch locations
Members:60,139
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$1,031,816,267
CEO/Manager:Jack Lawson
Chairperson:Anthony R Boote

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 55,306,767
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 455,963,378
 Unsecured Loans 58,513,572
 Other Loans 214,370,449
 TOTAL LOANS 728,938,326
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,153,748
 Land And Building 19,520,165
 Other Fixed Assets 1,463,224
 NCUSIF Deposit 7,622,545
 All Other Assets 0
  TOTAL ASSETS 1,031,816,267
LIABILITIES & CAPITAL:  
 Dividends Payable 243,210
 Notes & Interest Payable 121,700,000
 Accounts Payable & Other Liabilities 13,989,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 17,800,000
 Share Drafts 262,345,786
 Regular shares 297,546,207
 All Other Shares & Deposits 229,976,209
  TOTAL SHARES & DEPOSITS 789,868,202
  TOTAL LIABILITIES 944,178,128
 Regular Reserve 0
 Other Reserves -18,165,157
 Undivided Earnings 105,803,296
  TOTAL EQUITY 87,638,139
  TOTAL LIABILITIES, SHARES, & EQUITY 1,031,816,267
INCOME & EXPENSE  
 Loan Income 32,483,836
 Investment Income 8,618,579
 Other Income 3,324,429
 Total Employee Compensation & Benefits 15,844,127
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,663,023
 Non-operating Income & (Expense) -6,638
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,845,136
 Cost of Funds 8,923,088
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,252,545
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