Dec, 31, 2023 — NORTHWESTERN ENERGY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $34.46 million in total assets. Opened 50 years ago in 1974, NORTHWESTERN ENERGY EMPLOYEES FEDERAL CREDIT UNION has about 2,812 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWESTERN ENERGY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2100 Harrison Ave BUTTE, MT 59701-6004 |
| Phone: | (406) 782-2139 |
| Fax: | (406) 782-3330 |
| Website: | https://northwesternenergyemployeesfcu.org/ |
| Branches: | 2 branch locations |
| Members: | 2,812 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21609 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,461,700 |
| CEO/Manager: | Denise Anderson |
| Chairperson: | Sylvia Cunningham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,030,422 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,250,113 |
| Unsecured Loans | 864,162 |
| Other Loans | 15,336,522 |
| TOTAL LOANS | 19,450,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,463 |
| Land And Building | 374,949 |
| Other Fixed Assets | 109,190 |
| NCUSIF Deposit | 323,184 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,461,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 566,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,392,880 |
| Regular shares | 23,382,960 |
| All Other Shares & Deposits | 983,660 |
| TOTAL SHARES & DEPOSITS | 30,759,500 |
| TOTAL LIABILITIES | 31,325,516 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,136,184 |
| TOTAL EQUITY | 3,136,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,461,700 |
| INCOME & EXPENSE | |
| Loan Income | 703,239 |
| Investment Income | 378,017 |
| Other Income | 81,835 |
| Total Employee Compensation & Benefits | 484,139 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 663,406 |
| Non-operating Income & (Expense) | 33,436 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -15,700 |
| Cost of Funds | 28,605 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 187,809 |
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