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MILE HIGH FEDERAL CREDIT UNION

Sep, 30, 2022 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $32.60 million in total assets. Opened 87 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,881 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
BUTTE, MT 59701
Phone:(406) 782-8341
Fax:(406) 782-8342
Website:https://www.milehighfcu.org
Branches:1 branch locations
Members:1,881
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:Oct 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$32,595,572
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 1,177,888
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 621,870
 Unsecured Loans 680,982
 Other Loans 8,076,873
 TOTAL LOANS 9,379,725
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,964
 Land And Building 961,409
 Other Fixed Assets 20,925
 NCUSIF Deposit 274,727
 All Other Assets 0
  TOTAL ASSETS 32,595,572
LIABILITIES & CAPITAL:  
 Dividends Payable 347
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,663
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,388,545
 Regular shares 15,367,436
 All Other Shares & Deposits 8,149,655
  TOTAL SHARES & DEPOSITS 28,905,636
  TOTAL LIABILITIES 29,004,646
 Regular Reserve 0
 Other Reserves 2,209,086
 Undivided Earnings 1,381,840
  TOTAL EQUITY 3,590,926
  TOTAL LIABILITIES, SHARES, & EQUITY 32,595,572
INCOME & EXPENSE  
 Loan Income 319,254
 Investment Income 97,385
 Other Income 111,991
 Total Employee Compensation & Benefits 265,214
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 455,944
 Non-operating Income & (Expense) 8,901
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,200
 Cost of Funds 22,999
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -118,509
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