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MILES CITY FEDERAL CREDIT UNION

Mar, 31, 2022 — MILES CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MILES CITY, MT with 1 branch location and about $4.20 million in total assets. Opened 70 years ago in 1952, MILES CITY FEDERAL CREDIT UNION has about 408 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MILES CITY FEDERAL CREDIT UNION
Address:
(Main Office)
2513 Main St
MILES CITY, MT 59301-3818
Phone:(406) 234-5458
Fax:(406) 234-1467
Website:n/a
Branches:1 branch locations
Members:408
Credit Union Type:Federal Credit Union
Charter Number:8003
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jul 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,201,420
CEO/Manager:Sheila A Brown
Chairperson:Melissa M Hartman

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 581,834
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 104,788
 Other Loans 1,782,911
 TOTAL LOANS 1,887,699
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,580
 Land And Building 198,604
 Other Fixed Assets 3,530
 NCUSIF Deposit 32,462
 All Other Assets 0
  TOTAL ASSETS 4,201,420
LIABILITIES & CAPITAL:  
 Dividends Payable 95
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,046
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 79,974
 Regular shares 3,351,964
 All Other Shares & Deposits 214,357
  TOTAL SHARES & DEPOSITS 3,646,295
  TOTAL LIABILITIES 3,650,436
 Regular Reserve 0
 Other Reserves 49,995
 Undivided Earnings 500,989
  TOTAL EQUITY 550,984
  TOTAL LIABILITIES, SHARES, & EQUITY 4,201,420
INCOME & EXPENSE  
 Loan Income 15,315
 Investment Income 7,163
 Other Income 6,394
 Total Employee Compensation & Benefits 15,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,514
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -509
 Cost of Funds 489
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,423
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