Dec, 31, 2023 — COMMUNITY 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MILES CITY, MT with 2 branch locations and about $40.28 million in total assets. Opened 71 years ago in 1953, COMMUNITY 1ST FEDERAL CREDIT UNION has about 3,848 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY 1ST FEDERAL CREDIT UNION |
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Address: (Main Office) | 2905 Main St MILES CITY, MT 59301 |
Phone: | (406) 234-2550 |
Fax: | (406) 234-3127 |
Website: | https://www.c1stfcu.org |
Branches: | 2 branch locations |
Members: | 3,848 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8588 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,277,887 |
CEO/Manager: | John T Gillette |
Chairperson: | Keith Bogner |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,564,484 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,020,158 |
Unsecured Loans | 1,029,850 |
Other Loans | 15,387,923 |
TOTAL LOANS | 30,942,954 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -368,865 |
Land And Building | 916,045 |
Other Fixed Assets | 43,223 |
NCUSIF Deposit | 342,116 |
All Other Assets | 0 |
TOTAL ASSETS | 40,277,887 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,665 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 342,633 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,845,113 |
Regular shares | 18,622,327 |
All Other Shares & Deposits | 10,351,721 |
TOTAL SHARES & DEPOSITS | 35,819,160 |
TOTAL LIABILITIES | 36,176,458 |
Regular Reserve | 0 |
Other Reserves | 44,163 |
Undivided Earnings | 4,057,266 |
TOTAL EQUITY | 4,101,429 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,277,887 |
INCOME & EXPENSE | |
Loan Income | 1,735,158 |
Investment Income | 155,976 |
Other Income | 120,195 |
Total Employee Compensation & Benefits | 553,651 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 806,545 |
Non-operating Income & (Expense) | 7,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 134,881 |
Cost of Funds | 282,850 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 399,856 |
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» See also Statement of Financial Condition