Dec, 31, 2023 — BITTERROOT COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in DARBY, MT with 2 branch locations and about $17.95 million in total assets. Opened 56 years ago in 1968, BITTERROOT COMMUNITY FEDERAL CREDIT UNION has about 2,116 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BITTERROOT COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 467 DARBY, MT 59829 |
| Phone: | (406) 821-3171 |
| Fax: | (406) 821-4416 |
| Website: | https://www.bitterrootcommunityfcu.com/ |
| Branches: | 2 branch locations |
| Members: | 2,116 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18964 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,952,053 |
| CEO/Manager: | Kathy Nash |
| Chairperson: | Gail Schulz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,242,931 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,964 |
| Unsecured Loans | 609,458 |
| Other Loans | 8,377,963 |
| TOTAL LOANS | 9,010,385 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,759 |
| Land And Building | 409,797 |
| Other Fixed Assets | 131,187 |
| NCUSIF Deposit | 159,918 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,952,053 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,481 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,878,456 |
| Regular shares | 9,361,423 |
| All Other Shares & Deposits | 1,413,139 |
| TOTAL SHARES & DEPOSITS | 16,653,018 |
| TOTAL LIABILITIES | 16,757,510 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,194,543 |
| TOTAL EQUITY | 1,194,543 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,952,053 |
| INCOME & EXPENSE | |
| Loan Income | 456,892 |
| Investment Income | 116,019 |
| Other Income | 235,109 |
| Total Employee Compensation & Benefits | 306,586 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 368,420 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,000 |
| Cost of Funds | 2,855 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 106,500 |
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