Dec, 31, 2023 — MONTANA FEDERAL CREDIT UNION is a federal credit union headquartered in GREAT FALLS, MT with 4 branch locations and about $323.66 million in total assets. Opened 84 years ago in 1940, MONTANA FEDERAL CREDIT UNION has about 24,286 members and employs 68 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: | https://www.montanacu.com |
| Branches: | 4 branch locations |
| Members: | 24,286 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $323,657,503 |
| CEO/Manager: | John Hageman |
| Chairperson: | Paul Dockter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,109,799 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,662,196 |
| Unsecured Loans | 6,719,478 |
| Other Loans | 168,082,000 |
| TOTAL LOANS | 221,463,674 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -784,868 |
| Land And Building | 10,352,168 |
| Other Fixed Assets | 687,262 |
| NCUSIF Deposit | 2,837,314 |
| All Other Assets | 76,279 |
| TOTAL ASSETS | 323,657,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,742,997 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,714,745 |
| Regular shares | 138,572,853 |
| All Other Shares & Deposits | 85,720,707 |
| TOTAL SHARES & DEPOSITS | 289,008,303 |
| TOTAL LIABILITIES | 291,751,300 |
| Regular Reserve | 0 |
| Other Reserves | -3,666,207 |
| Undivided Earnings | 35,572,410 |
| TOTAL EQUITY | 31,906,203 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 323,657,503 |
| INCOME & EXPENSE | |
| Loan Income | 9,570,773 |
| Investment Income | 1,985,720 |
| Other Income | 1,420,081 |
| Total Employee Compensation & Benefits | 4,950,657 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,043,172 |
| Non-operating Income & (Expense) | 75 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,000 |
| Cost of Funds | 1,142,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,101,812 |
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