Mar, 31, 2021 — BUTTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Butte, MT with 1 branch location and about $30.53 million in total assets. Opened 51 years ago in 1970, BUTTE COMMUNITY FEDERAL CREDIT UNION has about 2,734 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BUTTE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2901 Grand Ave Butte, MT 59701-5172 |
| Phone: | (406) 723-8284 |
| Fax: | (406) 723-3679 |
| Website: | http://www.buttecommunityfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,734 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19896 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Jan 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,530,238 |
| CEO/Manager: | Karen M Mandic |
| Chairperson: | John MacDonald |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,944,245 |
| TOTAL INVESTMENTS | 12,230,213 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,948,825 |
| Unsecured Loans | 964,582 |
| Other Loans | 8,897,638 |
| TOTAL LOANS | 12,811,045 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,233 |
| Land And Building | 149,917 |
| Other Fixed Assets | 52,566 |
| NCUSIF Deposit | 211,009 |
| All Other Assets | 175,476 |
| TOTAL ASSETS | 30,530,238 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,022 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 374,292 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,218,117 |
| Regular shares | 17,874,887 |
| All Other Shares & Deposits | 3,984,894 |
| TOTAL SHARES & DEPOSITS | 28,077,898 |
| TOTAL LIABILITIES | 28,453,212 |
| Regular Reserve | 263,751 |
| Other Reserves | 0 |
| Undivided Earnings | 1,813,275 |
| TOTAL EQUITY | 2,077,026 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,530,238 |
| INCOME & EXPENSE | |
| Loan Income | 151,396 |
| Investment Income | 30,706 |
| Other Income | 63,649 |
| Total Employee Compensation & Benefits | 121,924 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 156,586 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -18,984 |
| Cost of Funds | 3,426 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -11,532 |
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