Dec, 31, 2023 — BUTTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $30.03 million in total assets. Opened 54 years ago in 1970, BUTTE COMMUNITY FEDERAL CREDIT UNION has about 2,691 members and employs 7 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 |
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Address: (Main Office) | 2901 Grand Ave BUTTE, MT 59701-5172 |
Phone: | (406) 723-8284 |
Fax: | (406) 723-3679 |
Website: | https://www.buttecommunityfcu.com |
Branches: | 1 branch locations |
Members: | 2,691 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19896 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,027,850 |
CEO/Manager: | Karen M Mandic |
Chairperson: | Pat Kenney |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,811,463 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,614,520 |
Unsecured Loans | 1,401,873 |
Other Loans | 11,567,538 |
TOTAL LOANS | 18,583,931 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,916 |
Land And Building | 113,656 |
Other Fixed Assets | 44,391 |
NCUSIF Deposit | 279,190 |
All Other Assets | 0 |
TOTAL ASSETS | 30,027,850 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 428 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 330,554 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,297,501 |
Regular shares | 17,149,762 |
All Other Shares & Deposits | 2,872,465 |
TOTAL SHARES & DEPOSITS | 27,319,728 |
TOTAL LIABILITIES | 27,650,710 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,377,140 |
TOTAL EQUITY | 2,377,140 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,027,850 |
INCOME & EXPENSE | |
Loan Income | 742,656 |
Investment Income | 153,459 |
Other Income | 371,405 |
Total Employee Compensation & Benefits | 395,044 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 628,251 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,671 |
Cost of Funds | 14,451 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 259,552 |
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