Jun, 30, 2021 — BUTTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Butte, MT with 1 branch location and about $30.38 million in total assets. Opened 51 years ago in 1970, BUTTE COMMUNITY FEDERAL CREDIT UNION has about 2,708 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: | 2,708 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19896 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,382,006 |
| CEO/Manager: | Karen M Mandic |
| Chairperson: | John MacDonald |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,720,714 |
| TOTAL INVESTMENTS | 13,182,213 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,800,189 |
| Unsecured Loans | 974,520 |
| Other Loans | 10,130,230 |
| TOTAL LOANS | 13,904,939 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,562 |
| Land And Building | 146,620 |
| Other Fixed Assets | 46,874 |
| NCUSIF Deposit | 251,505 |
| All Other Assets | 161,703 |
| TOTAL ASSETS | 30,382,006 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 981 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 227,938 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,814,540 |
| Regular shares | 18,151,434 |
| All Other Shares & Deposits | 4,125,040 |
| TOTAL SHARES & DEPOSITS | 28,091,014 |
| TOTAL LIABILITIES | 28,319,933 |
| Regular Reserve | 263,751 |
| Other Reserves | 0 |
| Undivided Earnings | 1,798,322 |
| TOTAL EQUITY | 2,062,073 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,382,006 |
| INCOME & EXPENSE | |
| Loan Income | 300,318 |
| Investment Income | 57,393 |
| Other Income | 132,851 |
| Total Employee Compensation & Benefits | 239,184 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 312,439 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -33,690 |
| Cost of Funds | 7,067 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -23,004 |
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