Dec, 31, 2023 — MOUNTAIN WEST FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $21.08 million in total assets. Opened 72 years ago in 1952, MOUNTAIN WEST FEDERAL CREDIT UNION has about 2,943 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOUNTAIN WEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 400 E Park St BUTTE, MT 59701-1916 |
Phone: | (406) 782-9760 |
Fax: | (406) 782-0406 |
Website: | https://mountainwestfcu.com |
Branches: | 2 branch locations |
Members: | 2,943 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8129 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,079,076 |
CEO/Manager: | Whitney L Johnson |
Chairperson: | Robert L Bristol |
ASSETS: | $ Amount |
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Cash & Equivalents | 790,452 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,498,015 |
Unsecured Loans | 1,204,061 |
Other Loans | 12,035,546 |
TOTAL LOANS | 14,737,622 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,469 |
Land And Building | 750,684 |
Other Fixed Assets | 33,832 |
NCUSIF Deposit | 165,775 |
All Other Assets | 56,355 |
TOTAL ASSETS | 21,079,076 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 64,591 |
Accounts Payable & Other Liabilities | 84,546 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,449,794 |
Regular shares | 12,052,247 |
All Other Shares & Deposits | 1,542,594 |
TOTAL SHARES & DEPOSITS | 17,044,635 |
TOTAL LIABILITIES | 17,250,127 |
Regular Reserve | 0 |
Other Reserves | 325,948 |
Undivided Earnings | 3,503,001 |
TOTAL EQUITY | 3,828,949 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,079,076 |
INCOME & EXPENSE | |
Loan Income | 858,351 |
Investment Income | 54,537 |
Other Income | 219,781 |
Total Employee Compensation & Benefits | 439,249 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 395,831 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,000 |
Cost of Funds | 56,054 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 61,498 |
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