Dec, 31, 2023 — MONTANA EDUCATORS' CREDIT UNION is a federally insured state chartered credit union headquartered in MISSOULA, MT with 1 branch location and about $26.98 million in total assets. Opened 29 years ago in 1995, MONTANA EDUCATORS' CREDIT UNION has about 1,540 members and employs 4 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 EDUCATORS' CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 S Russell St MISSOULA, MT 59801-6658 |
| Phone: | (406) 728-1034 |
| Fax: | (406) 721-6125 |
| Website: | https://www.mtedcu.org |
| Branches: | 1 branch locations |
| Members: | 1,540 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68190 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1995 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,981,943 |
| CEO/Manager: | Leslie M Womack |
| Chairperson: | Kathryn Shepherd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 633,098 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,099,425 |
| Unsecured Loans | 550,362 |
| Other Loans | 5,938,872 |
| TOTAL LOANS | 20,588,659 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,932 |
| Land And Building | 290,148 |
| Other Fixed Assets | 27,125 |
| NCUSIF Deposit | 235,695 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,981,943 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 189,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,196,378 |
| Regular shares | 9,348,716 |
| All Other Shares & Deposits | 8,908,539 |
| TOTAL SHARES & DEPOSITS | 24,453,633 |
| TOTAL LIABILITIES | 24,642,968 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,338,975 |
| TOTAL EQUITY | 2,338,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,981,943 |
| INCOME & EXPENSE | |
| Loan Income | 1,036,053 |
| Investment Income | 104,135 |
| Other Income | 115,271 |
| Total Employee Compensation & Benefits | 452,523 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 476,992 |
| Non-operating Income & (Expense) | 11,612 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,834 |
| Cost of Funds | 231,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 187,528 |
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