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M M EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2023 — M M EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 1 branch location and about $1.62 million in total assets. Opened 87 years ago in 1937, M M EMPLOYEES FEDERAL CREDIT UNION has about 418 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:M M EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2000 S Russell St Ste 6
MISSOULA, MT 59801
Phone:(406) 541-6628
Fax:(406) 721-1625
Website:n/a
Branches:1 branch locations
Members:418
Credit Union Type:Federal Credit Union
Charter Number:2211
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1937
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$1,621,101
CEO/Manager:Debra K McConaughey
Chairperson:Marshall Kyle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 820,762
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 141,425
 Other Loans 637,957
 TOTAL LOANS 779,382
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,979
 Land And Building 0
 Other Fixed Assets 903
 NCUSIF Deposit 15,013
 All Other Assets 0
  TOTAL ASSETS 1,621,101
LIABILITIES & CAPITAL:  
 Dividends Payable 182
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,185
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,486,187
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,486,187
  TOTAL LIABILITIES 1,488,554
 Regular Reserve 0
 Other Reserves 31,042
 Undivided Earnings 101,505
  TOTAL EQUITY 132,547
  TOTAL LIABILITIES, SHARES, & EQUITY 1,621,101
INCOME & EXPENSE  
 Loan Income 27,144
 Investment Income 373
 Other Income 0
 Total Employee Compensation & Benefits 19,160
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,597
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 470
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,625
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