Jun, 30, 2023 — BADLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDIVE, MT with 1 branch location and about $34.52 million in total assets. Opened 82 years ago in 1941, BADLANDS FEDERAL CREDIT UNION has about 2,226 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BADLANDS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 302 W Towne St GLENDIVE, MT 59330-1744 |
| Phone: | (406) 377-4442 |
| Fax: | (406) 377-6878 |
| Website: | https://badlandsfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,226 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4227 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,523,548 |
| CEO/Manager: | Shiloh Smeltzer |
| Chairperson: | Dean Oellermann |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,378,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 907,855 |
| Unsecured Loans | 535,027 |
| Other Loans | 5,515,463 |
| TOTAL LOANS | 6,958,345 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,910 |
| Land And Building | 425,901 |
| Other Fixed Assets | 20,957 |
| NCUSIF Deposit | 288,645 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,523,548 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 996 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,498 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,909,273 |
| Regular shares | 20,917,885 |
| All Other Shares & Deposits | 1,640,252 |
| TOTAL SHARES & DEPOSITS | 31,467,410 |
| TOTAL LIABILITIES | 31,536,904 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,986,644 |
| TOTAL EQUITY | 2,986,644 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,523,548 |
| INCOME & EXPENSE | |
| Loan Income | 263,801 |
| Investment Income | 253,229 |
| Other Income | 72,569 |
| Total Employee Compensation & Benefits | 287,139 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 401,989 |
| Non-operating Income & (Expense) | 3,787 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,195 |
| Cost of Funds | 37,619 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -64,007 |
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