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MOUNTAIN WEST FEDERAL CREDIT UNION

Sep, 30, 2022 — MOUNTAIN WEST FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 2 branch locations and about $20.50 million in total assets. Opened 71 years ago in 1952, MOUNTAIN WEST FEDERAL CREDIT UNION has about 2,931 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)
400 E Park St
BUTTE, MT 59701-1923
Phone:(406) 782-9760
Fax:(406) 782-0406
Website:https://mountainwestfcu.com
Branches:2 branch locations
Members:2,931
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$20,497,840
CEO/Manager:Whitney L Johnson
Chairperson:Robert L Bristol

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 901,630
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 667,144
 Unsecured Loans 1,113,313
 Other Loans 11,411,284
 TOTAL LOANS 13,191,741
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,998
 Land And Building 520,304
 Other Fixed Assets 16,399
 NCUSIF Deposit 158,846
 All Other Assets 0
  TOTAL ASSETS 20,497,840
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 117,823
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,905,706
 Regular shares 13,142,652
 All Other Shares & Deposits 744,985
  TOTAL SHARES & DEPOSITS 16,793,343
  TOTAL LIABILITIES 16,911,166
 Regular Reserve 0
 Other Reserves 325,948
 Undivided Earnings 3,260,726
  TOTAL EQUITY 3,586,674
  TOTAL LIABILITIES, SHARES, & EQUITY 20,497,840
INCOME & EXPENSE  
 Loan Income 533,323
 Investment Income 32,509
 Other Income 152,784
 Total Employee Compensation & Benefits 307,422
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 282,457
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 3,717
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 135,650
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