Dec, 31, 2023 — RAVALLI COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, MT with 2 branch locations and about $73.11 million in total assets. Opened 55 years ago in 1969, RAVALLI COUNTY FEDERAL CREDIT UNION has about 5,864 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RAVALLI COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 501 N 1st St HAMILTON, MT 59840-2129 |
Phone: | (406) 363-4631 |
Fax: | (406) 363-3354 |
Website: | https://ravallicountyfcu.org |
Branches: | 2 branch locations |
Members: | 5,864 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19732 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $73,114,065 |
CEO/Manager: | Darci Parsons |
Chairperson: | Barrie Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 873,739 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,507,035 |
Unsecured Loans | 2,813,683 |
Other Loans | 24,161,281 |
TOTAL LOANS | 50,482,000 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,607 |
Land And Building | 2,152,530 |
Other Fixed Assets | 157,772 |
NCUSIF Deposit | 684,742 |
All Other Assets | 0 |
TOTAL ASSETS | 73,114,065 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,233 |
Notes & Interest Payable | 637,256 |
Accounts Payable & Other Liabilities | 1,051,584 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,503,550 |
Regular shares | 34,417,613 |
All Other Shares & Deposits | 12,237,803 |
TOTAL SHARES & DEPOSITS | 63,158,967 |
TOTAL LIABILITIES | 64,849,040 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,265,025 |
TOTAL EQUITY | 8,265,025 |
TOTAL LIABILITIES, SHARES, & EQUITY | 73,114,065 |
INCOME & EXPENSE | |
Loan Income | 2,492,501 |
Investment Income | 386,831 |
Other Income | 372,213 |
Total Employee Compensation & Benefits | 1,171,068 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,247,745 |
Non-operating Income & (Expense) | 186,699 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,949 |
Cost of Funds | 116,867 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,254,368 |
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