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MILE HIGH FEDERAL CREDIT UNION

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

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 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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