Dec, 31, 2022 — NORTHWESTERN ENERGY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $37.69 million in total assets. Opened 49 years ago in 1974, NORTHWESTERN ENERGY EMPLOYEES FEDERAL CREDIT UNION has about 2,801 members and employs 9 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: | 2,801 |
| 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: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,685,223 |
| CEO/Manager: | Denise Anderson |
| Chairperson: | Sylvia Cunningham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,300,507 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,814,796 |
| Unsecured Loans | 771,046 |
| Other Loans | 9,877,293 |
| TOTAL LOANS | 12,463,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,159 |
| Land And Building | 420,615 |
| Other Fixed Assets | 132,028 |
| NCUSIF Deposit | 326,261 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,685,223 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 130 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 386,620 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,040,637 |
| Regular shares | 27,043,873 |
| All Other Shares & Deposits | 1,275,373 |
| TOTAL SHARES & DEPOSITS | 34,359,883 |
| TOTAL LIABILITIES | 34,746,633 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,938,590 |
| TOTAL EQUITY | 2,938,590 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,685,223 |
| INCOME & EXPENSE | |
| Loan Income | 438,390 |
| Investment Income | 151,847 |
| Other Income | 85,756 |
| Total Employee Compensation & Benefits | 301,890 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 758,509 |
| Non-operating Income & (Expense) | 24,348 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -61,828 |
| Cost of Funds | 24,804 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -212,619 |
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