Dec, 31, 2023 — 1ST LIBERTY FEDERAL CREDIT UNION is a federal credit union headquartered in GREAT FALLS, MT with 7 branch locations and about $211.72 million in total assets. Opened 69 years ago in 1955, 1ST LIBERTY FEDERAL CREDIT UNION has about 15,477 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST LIBERTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6200 3rd Ave N GREAT FALLS, MT 59405-1528 |
| Phone: | (406) 761-8300 |
| Fax: | (406) 761-8305 |
| Website: | https://www.1stliberty.org |
| Branches: | 7 branch locations |
| Members: | 15,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10375 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $211,721,251 |
| CEO/Manager: | Steven Grooms |
| Chairperson: | Ken Sylva |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,811,091 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,986,030 |
| Unsecured Loans | 3,256,520 |
| Other Loans | 67,718,242 |
| TOTAL LOANS | 91,960,792 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -570,253 |
| Land And Building | 2,347,479 |
| Other Fixed Assets | 459,593 |
| NCUSIF Deposit | 1,932,165 |
| All Other Assets | 0 |
| TOTAL ASSETS | 211,721,251 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,980,380 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,448,390 |
| Regular shares | 111,233,211 |
| All Other Shares & Deposits | 29,913,311 |
| TOTAL SHARES & DEPOSITS | 185,594,913 |
| TOTAL LIABILITIES | 189,575,293 |
| Regular Reserve | 0 |
| Other Reserves | 22,143,958 |
| Undivided Earnings | 2,000 |
| TOTAL EQUITY | 22,145,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 211,721,251 |
| INCOME & EXPENSE | |
| Loan Income | 3,915,535 |
| Investment Income | 3,527,986 |
| Other Income | 2,085,789 |
| Total Employee Compensation & Benefits | 3,565,166 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,419,858 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,000 |
| Cost of Funds | 616,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,587,756 |
| ↑ Back to Top | |