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 |
| 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 |
| ↑ Back to Top | |