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BILLINGS FEDERAL CREDIT UNION

Mar, 31, 2022 — BILLINGS FEDERAL CREDIT UNION is a federal credit union headquartered in BILLINGS, MT with 4 branch locations and about $187.39 million in total assets. Opened 87 years ago in 1935, BILLINGS FEDERAL CREDIT UNION has about 11,818 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BILLINGS FEDERAL CREDIT UNION
Address:
(Main Office)
2522 4th Ave N
BILLINGS, MT 59101-1316
Phone:(406) 248-1127
Fax:(406) 248-2704
Website:http://www.billingsfcu.org
Branches:4 branch locations
Members:11,818
Credit Union Type:Federal Credit Union
Charter Number:887
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$187,392,222
CEO/Manager:Tom Boos
Chairperson:Patrick J Erger

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,455,024
TOTAL INVESTMENTS 0
Loans Held for Sale 560,146
 
 Real Estate Loans 95,224,164
 Unsecured Loans 10,170,577
 Other Loans 41,082,927
 TOTAL LOANS 146,477,668
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -824,202
 Land And Building 7,856,600
 Other Fixed Assets 510,351
 NCUSIF Deposit 1,481,384
 All Other Assets 80,253
  TOTAL ASSETS 187,392,222
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 5,000,000
 Accounts Payable & Other Liabilities 3,127,083
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,708,824
 Regular shares 59,912,238
 All Other Shares & Deposits 69,143,074
  TOTAL SHARES & DEPOSITS 155,764,136
  TOTAL LIABILITIES 163,891,219
 Regular Reserve 0
 Other Reserves 1,901,906
 Undivided Earnings 21,599,097
  TOTAL EQUITY 23,501,003
  TOTAL LIABILITIES, SHARES, & EQUITY 187,392,222
INCOME & EXPENSE  
 Loan Income 1,694,126
 Investment Income 21,601
 Other Income 466,071
 Total Employee Compensation & Benefits 1,079,448
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 868,547
 Non-operating Income & (Expense) -3,964
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,186
 Cost of Funds 190,989
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 391,480
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