Dec, 31, 2023 — HIGH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in DILLON, MT with 3 branch locations and about $40.95 million in total assets. Opened 63 years ago in 1961, HIGH PEAKS FEDERAL CREDIT UNION has about 3,712 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGH PEAKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 222 S Pacific St DILLON, MT 59725-2755 |
| Phone: | (406) 683-4373 |
| Fax: | (406) 683-2533 |
| Website: | https://www.highpeaksfcu.com |
| Branches: | 3 branch locations |
| Members: | 3,712 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14668 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Oct 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,945,464 |
| CEO/Manager: | Bob Pfister |
| Chairperson: | Doug Daenzer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,999,138 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,912,714 |
| Unsecured Loans | 1,540,465 |
| Other Loans | 15,923,193 |
| TOTAL LOANS | 33,376,372 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,747 |
| Land And Building | 140,891 |
| Other Fixed Assets | 85,363 |
| NCUSIF Deposit | 378,594 |
| All Other Assets | 7,911 |
| TOTAL ASSETS | 40,945,464 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,557 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -158,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,377,537 |
| Regular shares | 24,609,097 |
| All Other Shares & Deposits | 4,936,552 |
| TOTAL SHARES & DEPOSITS | 38,923,185 |
| TOTAL LIABILITIES | 38,785,335 |
| Regular Reserve | 0 |
| Other Reserves | -312,675 |
| Undivided Earnings | 2,472,804 |
| TOTAL EQUITY | 2,160,129 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,945,464 |
| INCOME & EXPENSE | |
| Loan Income | 1,791,111 |
| Investment Income | 206,065 |
| Other Income | 340,514 |
| Total Employee Compensation & Benefits | 614,101 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 885,550 |
| Non-operating Income & (Expense) | -20,414 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,869 |
| Cost of Funds | 439,777 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 192,979 |
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