Dec, 31, 2023 — FERGUS FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTOWN, MT with 1 branch location and about $103.19 million in total assets. Opened 71 years ago in 1953, FERGUS FEDERAL CREDIT UNION has about 6,340 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FERGUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 106 E Janeaux St LEWISTOWN, MT 59457-3033 |
| Phone: | (406) 535-7478 |
| Fax: | (406) 535-9790 |
| Website: | https://www.fergusfcu.com |
| Branches: | 1 branch locations |
| Members: | 6,340 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8881 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,194,289 |
| CEO/Manager: | Jayme S Durbin |
| Chairperson: | Tracy Bent |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,923,440 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,384,157 |
| Unsecured Loans | 2,127,531 |
| Other Loans | 55,683,348 |
| TOTAL LOANS | 74,195,036 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -355,874 |
| Land And Building | 573,757 |
| Other Fixed Assets | 80,965 |
| NCUSIF Deposit | 814,738 |
| All Other Assets | 47,683 |
| TOTAL ASSETS | 103,194,289 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 881,678 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,220,173 |
| Regular shares | 27,321,161 |
| All Other Shares & Deposits | 44,860,925 |
| TOTAL SHARES & DEPOSITS | 90,402,260 |
| TOTAL LIABILITIES | 91,283,938 |
| Regular Reserve | 0 |
| Other Reserves | 704,841 |
| Undivided Earnings | 11,205,510 |
| TOTAL EQUITY | 11,910,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,194,289 |
| INCOME & EXPENSE | |
| Loan Income | 3,807,212 |
| Investment Income | 475,100 |
| Other Income | 374,468 |
| Total Employee Compensation & Benefits | 1,438,695 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,349,733 |
| Non-operating Income & (Expense) | -25 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,682 |
| Cost of Funds | 1,005,337 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,213,381 |
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