Dec, 31, 2023 — ROCKY MOUNTAIN CREDIT UNION is a non-federally insured state credit union headquartered in HELENA, MT with 6 branch locations and about $383.80 million in total assets. Opened 84 years ago in 1940, ROCKY MOUNTAIN CREDIT UNION has about 24,779 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCKY MOUNTAIN CREDIT UNION |
|---|---|
| Address: (Main Office) | 3400 N Montana Ave HELENA, MT 59602 |
| Phone: | (406) 449-2680 |
| Fax: | (406) 447-1110 |
| Website: | https://www.rmcu.net |
| Branches: | 6 branch locations |
| Members: | 24,779 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97110 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $383,798,058 |
| CEO/Manager: | Stephen Sendon |
| Chairperson: | Kristin Bouchard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,444,658 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 160,000 |
| Real Estate Loans | 139,127,579 |
| Unsecured Loans | 12,300,417 |
| Other Loans | 130,420,158 |
| TOTAL LOANS | 281,848,154 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,844,994 |
| Land And Building | 15,089,475 |
| Other Fixed Assets | 838,152 |
| NCUSIF Deposit | 0 |
| All Other Assets | 253,541 |
| TOTAL ASSETS | 383,798,058 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,000,000 |
| Accounts Payable & Other Liabilities | 3,838,073 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,569,888 |
| Regular shares | 66,079,116 |
| All Other Shares & Deposits | 205,170,996 |
| TOTAL SHARES & DEPOSITS | 342,820,000 |
| TOTAL LIABILITIES | 353,658,073 |
| Regular Reserve | 0 |
| Other Reserves | 1,749,852 |
| Undivided Earnings | 28,390,133 |
| TOTAL EQUITY | 30,139,985 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 383,798,058 |
| INCOME & EXPENSE | |
| Loan Income | 14,769,161 |
| Investment Income | 1,912,310 |
| Other Income | 1,817,612 |
| Total Employee Compensation & Benefits | 7,544,878 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,159,439 |
| Non-operating Income & (Expense) | 272,889 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 547,000 |
| Cost of Funds | 5,296,782 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,006,037 |
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