Dec, 31, 2023 — MILE HIGH FEDERAL CREDIT UNION is a federal credit union headquartered in BUTTE, MT with 1 branch location and about $29.69 million in total assets. Opened 88 years ago in 1936, MILE HIGH FEDERAL CREDIT UNION has about 1,783 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MILE HIGH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3410 MONROE AVE BUTTE, MT 59701 |
| Phone: | (406) 782-8341 |
| Fax: | (406) 782-8342 |
| Website: | https://www.milehighfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,783 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1739 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,690,949 |
| CEO/Manager: | Kristy Tate |
| Chairperson: | Don Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,265,422 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,073,052 |
| Unsecured Loans | 774,622 |
| Other Loans | 8,777,155 |
| TOTAL LOANS | 10,624,829 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,851 |
| Land And Building | 941,886 |
| Other Fixed Assets | 52,482 |
| NCUSIF Deposit | 282,434 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,690,949 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,190 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 228,221 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,877,877 |
| Regular shares | 14,307,987 |
| All Other Shares & Deposits | 6,734,724 |
| TOTAL SHARES & DEPOSITS | 25,920,589 |
| TOTAL LIABILITIES | 26,155,000 |
| Regular Reserve | 0 |
| Other Reserves | 2,209,086 |
| Undivided Earnings | 1,326,863 |
| TOTAL EQUITY | 3,535,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,690,949 |
| INCOME & EXPENSE | |
| Loan Income | 509,020 |
| Investment Income | 428,601 |
| Other Income | 139,362 |
| Total Employee Compensation & Benefits | 429,153 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 629,262 |
| Non-operating Income & (Expense) | 12,085 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
| Cost of Funds | 36,359 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,182 |
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