Dec, 31, 2023 — RIMROCK CREDIT UNION is a federally insured state chartered credit union headquartered in BILLINGS, MT with 2 branch locations and about $56.67 million in total assets. Opened 75 years ago in 1949, RIMROCK CREDIT UNION has about 3,445 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: | RIMROCK CREDIT UNION |
|---|---|
| Address: (Main Office) | 952 Central Ave BILLINGS, MT 59102-5845 |
| Phone: | (406) 248-3685 |
| Fax: | (406) 248-3686 |
| Website: | https://www.rimrockcu.org |
| Branches: | 2 branch locations |
| Members: | 3,445 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63183 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,674,993 |
| CEO/Manager: | Wade McFadden |
| Chairperson: | Jim Kraft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,243,009 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,125,814 |
| Unsecured Loans | 3,306,556 |
| Other Loans | 12,911,343 |
| TOTAL LOANS | 17,343,713 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -113,649 |
| Land And Building | 1,351,070 |
| Other Fixed Assets | 386,606 |
| NCUSIF Deposit | 494,295 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,674,993 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 156,797 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 156,446 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,858,791 |
| Regular shares | 23,597,576 |
| All Other Shares & Deposits | 14,519,767 |
| TOTAL SHARES & DEPOSITS | 48,976,135 |
| TOTAL LIABILITIES | 49,289,378 |
| Regular Reserve | 0 |
| Other Reserves | 1,142,078 |
| Undivided Earnings | 6,243,537 |
| TOTAL EQUITY | 7,385,615 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,674,993 |
| INCOME & EXPENSE | |
| Loan Income | 922,162 |
| Investment Income | 1,112,487 |
| Other Income | 97,656 |
| Total Employee Compensation & Benefits | 537,871 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 897,104 |
| Non-operating Income & (Expense) | -12,271 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,710 |
| Cost of Funds | 257,848 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 579,509 |
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