Mar, 31, 2021 — CLEARWATER FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 7 branch locations and about $810.54 million in total assets. Opened 65 years ago in 1956, CLEARWATER FEDERAL CREDIT UNION has about 52,835 members and employs 162 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: | 52,835 |
| 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: | $810,535,440 |
| CEO/Manager: | Jack Lawson |
| Chairperson: | Anthony R Boote |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,658,234 |
| TOTAL INVESTMENTS | 286,500,827 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 280,596,185 |
| Unsecured Loans | 40,242,467 |
| Other Loans | 132,262,831 |
| TOTAL LOANS | 453,335,407 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,113,478 |
| Land And Building | 18,405,993 |
| Other Fixed Assets | 2,093,028 |
| NCUSIF Deposit | 5,778,498 |
| All Other Assets | 13,876,931 |
| TOTAL ASSETS | 810,535,440 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 50,120 |
| Notes & Interest Payable | 2,012,349 |
| Accounts Payable & Other Liabilities | 8,228,294 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 253,585,372 |
| Regular shares | 341,174,451 |
| All Other Shares & Deposits | 129,765,324 |
| TOTAL SHARES & DEPOSITS | 724,525,147 |
| TOTAL LIABILITIES | 734,815,910 |
| Regular Reserve | 4,309,995 |
| Other Reserves | 1,277,557 |
| Undivided Earnings | 70,131,978 |
| TOTAL EQUITY | 75,719,530 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 810,535,440 |
| INCOME & EXPENSE | |
| Loan Income | 4,508,753 |
| Investment Income | 1,016,009 |
| Other Income | 651,777 |
| Total Employee Compensation & Benefits | 3,116,380 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,536,270 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 410,915 |
| Cost of Funds | 373,082 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,508,687 |
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