Dec, 31, 2023 — SKY FEDERAL CREDIT UNION is a federal credit union headquartered in LIVINGSTON, MT with 5 branch locations and about $195.62 million in total assets. Opened 89 years ago in 1935, SKY FEDERAL CREDIT UNION has about 12,325 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SKY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 N B St LIVINGSTON, MT 59047 |
| Phone: | (406) 222-1750 |
| Fax: | (406) 222-1786 |
| Website: | https://www.skyfcu.org |
| Branches: | 5 branch locations |
| Members: | 12,325 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 761 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $195,622,696 |
| CEO/Manager: | Annamarie DeYoung |
| Chairperson: | MaryAnn Duffy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,333,912 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,988,397 |
| Unsecured Loans | 5,153,895 |
| Other Loans | 42,866,759 |
| TOTAL LOANS | 115,188,494 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,371,676 |
| Land And Building | 5,548,724 |
| Other Fixed Assets | 2,572,549 |
| NCUSIF Deposit | 1,634,720 |
| All Other Assets | 361,047 |
| TOTAL ASSETS | 195,622,696 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 3,702,372 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,293,067 |
| Regular shares | 60,715,089 |
| All Other Shares & Deposits | 55,574,930 |
| TOTAL SHARES & DEPOSITS | 167,583,086 |
| TOTAL LIABILITIES | 181,294,679 |
| Regular Reserve | 0 |
| Other Reserves | 41,647 |
| Undivided Earnings | 14,286,370 |
| TOTAL EQUITY | 14,328,017 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 195,622,696 |
| INCOME & EXPENSE | |
| Loan Income | 6,676,123 |
| Investment Income | 975,999 |
| Other Income | 1,490,244 |
| Total Employee Compensation & Benefits | 4,433,953 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,750,500 |
| Non-operating Income & (Expense) | -1,665 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 195,491 |
| Cost of Funds | 1,585,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 623,544 |
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» See also Statement of Financial Condition