Dec, 31, 2023 — BILLINGS FEDERAL CREDIT UNION is a federal credit union headquartered in BILLINGS, MT with 4 branch locations and about $200.42 million in total assets. Opened 89 years ago in 1935, BILLINGS FEDERAL CREDIT UNION has about 12,549 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: | https://www.billingsfcu.org |
| Branches: | 4 branch locations |
| Members: | 12,549 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $200,421,717 |
| CEO/Manager: | Tom Boos |
| Chairperson: | Patrick J Erger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,171,142 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 111,854,321 |
| Unsecured Loans | 11,023,060 |
| Other Loans | 42,827,582 |
| TOTAL LOANS | 165,704,963 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,259,126 |
| Land And Building | 9,383,568 |
| Other Fixed Assets | 1,043,639 |
| NCUSIF Deposit | 1,542,296 |
| All Other Assets | 91,000 |
| TOTAL ASSETS | 200,421,717 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,500,000 |
| Accounts Payable & Other Liabilities | 4,375,804 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,129,757 |
| Regular shares | 50,560,913 |
| All Other Shares & Deposits | 86,772,532 |
| TOTAL SHARES & DEPOSITS | 164,463,202 |
| TOTAL LIABILITIES | 175,339,006 |
| Regular Reserve | 0 |
| Other Reserves | 1,901,906 |
| Undivided Earnings | 23,180,805 |
| TOTAL EQUITY | 25,082,711 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 200,421,717 |
| INCOME & EXPENSE | |
| Loan Income | 8,842,359 |
| Investment Income | 261,563 |
| Other Income | 1,740,401 |
| Total Employee Compensation & Benefits | 4,446,599 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,988,585 |
| Non-operating Income & (Expense) | 13,821 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 801,530 |
| Cost of Funds | 2,322,092 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 928,592 |
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