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 |
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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 |
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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 |
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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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