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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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