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CLEARWATER FEDERAL CREDIT UNION

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

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 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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