Dec, 31, 2020 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $28.43 million in total assets. Opened 85 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,921 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: | 1,921 |
| 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: | $28,432,385 |
| CEO/Manager: | Kristy Tate |
| Chairperson: | Don Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,640,695 |
| TOTAL INVESTMENTS | 16,540,574 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 427,590 |
| Unsecured Loans | 703,291 |
| Other Loans | 6,762,586 |
| TOTAL LOANS | 7,893,467 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,264 |
| Land And Building | 1,007,965 |
| Other Fixed Assets | 38,634 |
| NCUSIF Deposit | 214,825 |
| All Other Assets | 116,489 |
| TOTAL ASSETS | 28,432,385 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 473 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 52,861 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,333,127 |
| Regular shares | 12,467,956 |
| All Other Shares & Deposits | 7,844,474 |
| TOTAL SHARES & DEPOSITS | 24,645,557 |
| TOTAL LIABILITIES | 24,698,891 |
| Regular Reserve | 312,356 |
| Other Reserves | 2,209,086 |
| Undivided Earnings | 1,212,052 |
| TOTAL EQUITY | 3,733,494 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,432,385 |
| INCOME & EXPENSE | |
| Loan Income | 425,601 |
| Investment Income | 296,275 |
| Other Income | 188,002 |
| Total Employee Compensation & Benefits | 366,446 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 474,757 |
| Non-operating Income & (Expense) | 12,507 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 35,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,091 |
| ↑ Back to Top | |