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 |
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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: | 3,715 |
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: | May 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,504,362 |
CEO/Manager: | John T Gillette |
Chairperson: | Keith Bogner |
ASSETS: | $ Amount |
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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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