Sep, 30, 2022 — FROID FEDERAL CREDIT UNION is a federal credit union headquartered in FROID, MT with 1 branch location and about $1.12 million in total assets. Opened 83 years ago in 1940, FROID FEDERAL CREDIT UNION has about 202 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FROID FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 2nd Ave N FROID, MT 59226 |
| Phone: | (406) 766-2350 |
| Fax: | (406) 766-2232 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 202 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3602 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,123,019 |
| CEO/Manager: | Maria Clark |
| Chairperson: | David Christoffersen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 430,854 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,241 |
| Other Loans | 617,907 |
| TOTAL LOANS | 624,148 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,482 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 11,017 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,123,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 290 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 973,764 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 973,764 |
| TOTAL LIABILITIES | 974,054 |
| Regular Reserve | 0 |
| Other Reserves | 56,898 |
| Undivided Earnings | 92,067 |
| TOTAL EQUITY | 148,965 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,123,019 |
| INCOME & EXPENSE | |
| Loan Income | 30,535 |
| Investment Income | 60 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 8,212 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,647 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,000 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,226 |
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