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 |
| 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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