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M M EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — M M EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MISSOULA, MT with 1 branch location and about $1.68 million in total assets. Opened 84 years ago in 1937, M M EMPLOYEES FEDERAL CREDIT UNION has about 436 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)
PO BOX 1569
MISSOULA, MT 59806
Phone:(406) 541-6628
Fax:(406) 721-1625
Website:n/a
Branches:1 branch locations
Members:436
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,677,382
CEO/Manager:Debra K McConaughey
Chairperson:Marshall Kyle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 667,845
TOTAL INVESTMENTS 4,949
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 133,208
 Other Loans 855,525
 TOTAL LOANS 988,733
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,979
 Land And Building 0
 Other Fixed Assets 1,632
 NCUSIF Deposit 14,794
 All Other Assets 2,408
  TOTAL ASSETS 1,677,382
LIABILITIES & CAPITAL:  
 Dividends Payable 192
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,590
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,540,854
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,540,854
  TOTAL LIABILITIES 1,544,636
 Regular Reserve 31,042
 Other Reserves 0
 Undivided Earnings 101,704
  TOTAL EQUITY 132,746
  TOTAL LIABILITIES, SHARES, & EQUITY 1,677,382
INCOME & EXPENSE  
 Loan Income 21,051
 Investment Income 45
 Other Income 0
 Total Employee Compensation & Benefits 14,224
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,062
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 381
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -571
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