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 |
| 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 |
| ↑ Back to Top | |