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National Credit Union Service Organization

MILE HIGH FEDERAL CREDIT UNION

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

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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