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MILE HIGH FEDERAL CREDIT UNION

Mar, 31, 2022 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $32.22 million in total assets. Opened 86 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,896 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MILE HIGH FEDERAL CREDIT UNION
Address:
(Main Office)
3410 MONROE AVE
BUTTE, MT 59701
Phone:(406) 782-8341
Fax:(406) 782-8342
Website:http://www.milehighfcu.org
Branches:1 branch locations
Members:1,896
Credit Union Type:Federal Credit Union
Charter Number:1739
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,218,762
CEO/Manager:Kristy Tate
Chairperson:Don Morrison

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 970,427
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 454,622
 Unsecured Loans 622,644
 Other Loans 7,545,779
 TOTAL LOANS 8,623,045
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,993
 Land And Building 974,711
 Other Fixed Assets 24,820
 NCUSIF Deposit 244,806
 All Other Assets 0
  TOTAL ASSETS 32,218,762
LIABILITIES & CAPITAL:  
 Dividends Payable 372
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 83,469
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,959,703
 Regular shares 15,299,039
 All Other Shares & Deposits 8,200,887
  TOTAL SHARES & DEPOSITS 28,459,629
  TOTAL LIABILITIES 28,543,470
 Regular Reserve 0
 Other Reserves 2,209,087
 Undivided Earnings 1,466,205
  TOTAL EQUITY 3,675,292
  TOTAL LIABILITIES, SHARES, & EQUITY 32,218,762
INCOME & EXPENSE  
 Loan Income 105,332
 Investment Income 27,368
 Other Income 35,633
 Total Employee Compensation & Benefits 80,714
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 143,167
 Non-operating Income & (Expense) 2,962
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,200
 Cost of Funds 7,299
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -34,145
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