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MILE HIGH FEDERAL CREDIT UNION

Jun, 30, 2021 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $29.93 million in total assets. Opened 85 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,935 members and employs 6 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, P.O. BOX 3152
BUTTE, MT 59701
Phone:(406) 782-8341
Fax:(406) 782-8342
Website:http://www.milehighfcu.org
Branches:1 branch locations
Members:1,935
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:$29,932,552
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 2,579,159
TOTAL INVESTMENTS 17,730,007
Loans Held for Sale 0
 
 Real Estate Loans 416,331
 Unsecured Loans 646,644
 Other Loans 7,164,312
 TOTAL LOANS 8,227,287
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,266
 Land And Building 994,663
 Other Fixed Assets 33,021
 NCUSIF Deposit 244,806
 All Other Assets 142,875
  TOTAL ASSETS 29,932,552
LIABILITIES & CAPITAL:  
 Dividends Payable 2,562
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 63,685
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,775,288
 Regular shares 13,747,521
 All Other Shares & Deposits 7,651,084
  TOTAL SHARES & DEPOSITS 26,173,893
  TOTAL LIABILITIES 26,240,140
 Regular Reserve 312,356
 Other Reserves 2,209,086
 Undivided Earnings 1,170,970
  TOTAL EQUITY 3,692,412
  TOTAL LIABILITIES, SHARES, & EQUITY 29,932,552
INCOME & EXPENSE  
 Loan Income 203,531
 Investment Income 91,646
 Other Income 41,051
 Total Employee Compensation & Benefits 161,009
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 256,382
 Non-operating Income & (Expense) 5,836
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,539
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -41,081
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