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 |
| 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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