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 |
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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 |
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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 |
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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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