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MOUNTAIN WEST FEDERAL CREDIT UNION

Dec, 31, 2020 — MOUNTAIN WEST FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $16.52 million in total assets. Opened 69 years ago in 1952, MOUNTAIN WEST FEDERAL CREDIT UNION has about 2,708 members and employs 11 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:2,708
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:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$16,516,316
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 2,736,478
TOTAL INVESTMENTS 3,971,201
Loans Held for Sale 0
 
 Real Estate Loans 567,413
 Unsecured Loans 972,719
 Other Loans 7,612,888
 TOTAL LOANS 9,153,020
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,415
 Land And Building 519,057
 Other Fixed Assets 5,446
 NCUSIF Deposit 107,708
 All Other Assets 57,821
  TOTAL ASSETS 16,516,316
LIABILITIES & CAPITAL:  
 Dividends Payable 500
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 93,599
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,654,391
 Regular shares 9,857,889
 All Other Shares & Deposits 670,523
  TOTAL SHARES & DEPOSITS 13,182,803
  TOTAL LIABILITIES 13,276,902
 Regular Reserve 325,949
 Other Reserves 0
 Undivided Earnings 2,913,465
  TOTAL EQUITY 3,239,414
  TOTAL LIABILITIES, SHARES, & EQUITY 16,516,316
INCOME & EXPENSE  
 Loan Income 636,446
 Investment Income 46,543
 Other Income 290,201
 Total Employee Compensation & Benefits 407,748
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 321,301
 Non-operating Income & (Expense) 5,125
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,000
 Cost of Funds 8,768
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 226,498
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