Mar, 31, 2021 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $29.95 million in total assets. Opened 85 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,927 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: | 1,927 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,951,703 |
| CEO/Manager: | Kristy Tate |
| Chairperson: | Don Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,730,484 |
| TOTAL INVESTMENTS | 17,067,005 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 357,970 |
| Unsecured Loans | 577,492 |
| Other Loans | 6,872,944 |
| TOTAL LOANS | 7,808,406 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,264 |
| Land And Building | 1,001,314 |
| Other Fixed Assets | 35,846 |
| NCUSIF Deposit | 214,825 |
| All Other Assets | 114,087 |
| TOTAL ASSETS | 29,951,703 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,422 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 65,421 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,249,533 |
| Regular shares | 13,167,573 |
| All Other Shares & Deposits | 7,740,982 |
| TOTAL SHARES & DEPOSITS | 26,158,088 |
| TOTAL LIABILITIES | 26,225,931 |
| Regular Reserve | 312,356 |
| Other Reserves | 2,209,086 |
| Undivided Earnings | 1,204,330 |
| TOTAL EQUITY | 3,725,772 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,951,703 |
| INCOME & EXPENSE | |
| Loan Income | 99,842 |
| Investment Income | 50,757 |
| Other Income | 20,629 |
| Total Employee Compensation & Benefits | 73,196 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 122,629 |
| Non-operating Income & (Expense) | 2,918 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 8,139 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,721 |
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