Mar, 31, 2022 — MONTANA FEDERAL CREDIT UNION is a federal credit union headquartered in GREAT FALLS, MT with 3 branch locations and about $337.61 million in total assets. Opened 82 years ago in 1940, MONTANA FEDERAL CREDIT UNION has about 24,060 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONTANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 14th St S GREAT FALLS, MT 59401-3800 |
| Phone: | (406) 727-2210 |
| Fax: | (406) 727-8655 |
| Website: | http://www.montanacu.com |
| Branches: | 3 branch locations |
| Members: | 24,060 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4164 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $337,613,784 |
| CEO/Manager: | Steven E King |
| Chairperson: | Paul Dockter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 78,468,827 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,168,248 |
| Unsecured Loans | 6,231,109 |
| Other Loans | 139,152,315 |
| TOTAL LOANS | 169,551,672 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -642,110 |
| Land And Building | 9,388,107 |
| Other Fixed Assets | 1,063,177 |
| NCUSIF Deposit | 2,672,324 |
| All Other Assets | 0 |
| TOTAL ASSETS | 337,613,784 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 106 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,259,192 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,004,961 |
| Regular shares | 153,703,916 |
| All Other Shares & Deposits | 87,530,919 |
| TOTAL SHARES & DEPOSITS | 308,239,796 |
| TOTAL LIABILITIES | 309,499,094 |
| Regular Reserve | 0 |
| Other Reserves | -2,450,813 |
| Undivided Earnings | 30,565,503 |
| TOTAL EQUITY | 28,114,690 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 337,613,784 |
| INCOME & EXPENSE | |
| Loan Income | 1,617,499 |
| Investment Income | 193,924 |
| Other Income | 311,407 |
| Total Employee Compensation & Benefits | 1,178,024 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,357,457 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 95,326 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,986 |
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