Sep, 30, 2022 — RAVALLI COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, MT with 2 branch locations and about $77.47 million in total assets. Opened 54 years ago in 1969, RAVALLI COUNTY FEDERAL CREDIT UNION has about 5,491 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAVALLI COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 N 1st St HAMILTON, MT 59840-2129 |
| Phone: | (406) 363-4631 |
| Fax: | (406) 363-3354 |
| Website: | https://ravallicountyfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,491 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19732 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $77,474,144 |
| CEO/Manager: | Darci Parsons |
| Chairperson: | Barrie Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,198,178 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,715,026 |
| Unsecured Loans | 2,240,054 |
| Other Loans | 20,103,716 |
| TOTAL LOANS | 41,058,796 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,882 |
| Land And Building | 2,190,571 |
| Other Fixed Assets | 133,955 |
| NCUSIF Deposit | 684,742 |
| All Other Assets | 3,879 |
| TOTAL ASSETS | 77,474,144 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,375 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 868,951 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,097,800 |
| Regular shares | 38,656,075 |
| All Other Shares & Deposits | 13,858,970 |
| TOTAL SHARES & DEPOSITS | 69,612,845 |
| TOTAL LIABILITIES | 70,483,171 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,990,973 |
| TOTAL EQUITY | 6,990,973 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 77,474,144 |
| INCOME & EXPENSE | |
| Loan Income | 1,193,102 |
| Investment Income | 192,340 |
| Other Income | 242,690 |
| Total Employee Compensation & Benefits | 732,524 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 797,172 |
| Non-operating Income & (Expense) | 4,047 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,044 |
| Cost of Funds | 36,779 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,944 |
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