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MOUNTAIN WEST FEDERAL CREDIT UNION

Mar, 31, 2021 — MOUNTAIN WEST FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $17.92 million in total assets. Opened 69 years ago in 1952, MOUNTAIN WEST FEDERAL CREDIT UNION has about 2,729 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
Address:
(Main Office)
P.O. BOX 4295
BUTTE, MT 59701
Phone:(406) 782-9760
Fax:(406) 782-0406
Website:http://mountainwestfcu.com
Branches:2 branch locations
Members:2,729
Credit Union Type:Federal Credit Union
Charter Number:8129
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$17,917,731
CEO/Manager:Leah K Salazar
Chairperson:Robert L Bristol

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Health Savings Accounts
  • Individual Development Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,859,255
TOTAL INVESTMENTS 5,211,201
Loans Held for Sale 0
 
 Real Estate Loans 529,577
 Unsecured Loans 936,514
 Other Loans 7,750,774
 TOTAL LOANS 9,216,865
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,784
 Land And Building 514,020
 Other Fixed Assets 8,036
 NCUSIF Deposit 131,828
 All Other Assets 68,310
  TOTAL ASSETS 17,917,731
LIABILITIES & CAPITAL:  
 Dividends Payable 849
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 80,041
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,859,515
 Regular shares 11,099,027
 All Other Shares & Deposits 668,759
  TOTAL SHARES & DEPOSITS 14,627,301
  TOTAL LIABILITIES 14,708,191
 Regular Reserve 325,948
 Other Reserves 0
 Undivided Earnings 2,883,592
  TOTAL EQUITY 3,209,540
  TOTAL LIABILITIES, SHARES, & EQUITY 17,917,731
INCOME & EXPENSE  
 Loan Income 157,124
 Investment Income 7,771
 Other Income 46,409
 Total Employee Compensation & Benefits 104,798
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 84,995
 Non-operating Income & (Expense) 1,050
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,153
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 53,790
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