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COMMUNITY 1ST FEDERAL CREDIT UNION

Sep, 30, 2022 — COMMUNITY 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MILES CITY, MT with 2 branch locations and about $40.50 million in total assets. Opened 70 years ago in 1953, COMMUNITY 1ST FEDERAL CREDIT UNION has about 3,715 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
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:3,715
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:May 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$40,504,362
CEO/Manager:John T Gillette
Chairperson:Keith Bogner

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,570,638
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 12,986,867
 Unsecured Loans 912,988
 Other Loans 11,983,865
 TOTAL LOANS 26,079,440
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -286,903
 Land And Building 946,550
 Other Fixed Assets 49,429
 NCUSIF Deposit 340,669
 All Other Assets 0
  TOTAL ASSETS 40,504,362
LIABILITIES & CAPITAL:  
 Dividends Payable 4,324
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 487,432
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,423,283
 Regular shares 16,309,064
 All Other Shares & Deposits 12,646,591
  TOTAL SHARES & DEPOSITS 36,378,938
  TOTAL LIABILITIES 36,870,694
 Regular Reserve 0
 Other Reserves 44,163
 Undivided Earnings 3,589,505
  TOTAL EQUITY 3,633,668
  TOTAL LIABILITIES, SHARES, & EQUITY 40,504,362
INCOME & EXPENSE  
 Loan Income 958,582
 Investment Income 50,369
 Other Income 89,617
 Total Employee Compensation & Benefits 404,294
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 506,460
 Non-operating Income & (Expense) 4,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 63,000
 Cost of Funds 67,815
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 191,362
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