Mar, 31, 2022 — COMMUNITY 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MILES CITY, MT with 2 branch locations and about $39.60 million in total assets. Opened 69 years ago in 1953, COMMUNITY 1ST FEDERAL CREDIT UNION has about 3,655 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: | COMMUNITY 1ST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2905 Main St MILES CITY, MT 59301 |
| Phone: | (406) 234-2550 |
| Fax: | (406) 234-3127 |
| Website: | http://www.c1stfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,655 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8588 |
|---|---|
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,602,710 |
| CEO/Manager: | John T Gillette |
| Chairperson: | Keith Bogner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,510,305 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,792,742 |
| Unsecured Loans | 847,342 |
| Other Loans | 10,295,322 |
| TOTAL LOANS | 24,083,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -263,718 |
| Land And Building | 958,753 |
| Other Fixed Assets | 27,971 |
| NCUSIF Deposit | 319,681 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,602,710 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,372 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 528,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,557,485 |
| Regular shares | 15,916,011 |
| All Other Shares & Deposits | 13,132,443 |
| TOTAL SHARES & DEPOSITS | 35,605,939 |
| TOTAL LIABILITIES | 36,141,762 |
| Regular Reserve | 0 |
| Other Reserves | 44,163 |
| Undivided Earnings | 3,416,785 |
| TOTAL EQUITY | 3,460,948 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,602,710 |
| INCOME & EXPENSE | |
| Loan Income | 309,990 |
| Investment Income | 7,503 |
| Other Income | 30,855 |
| Total Employee Compensation & Benefits | 135,816 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 169,810 |
| Non-operating Income & (Expense) | 1,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,000 |
| Cost of Funds | 23,752 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,279 |
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