Dec, 31, 2023 — SEG FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MT with 2 branch locations and about $23.10 million in total assets. Opened 73 years ago in 1951, SEG FEDERAL CREDIT UNION has about 1,925 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEG FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 617 SE 4th St LAUREL, MT 59044-3307 |
| Phone: | (406) 628-7711 |
| Fax: | (406) 628-5759 |
| Website: | https://www.segfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,925 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7405 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,097,634 |
| CEO/Manager: | Danielle Kopp |
| Chairperson: | George R Maas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,063,006 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,548,371 |
| Unsecured Loans | 923,945 |
| Other Loans | 14,541,957 |
| TOTAL LOANS | 17,014,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,495 |
| Land And Building | 140,754 |
| Other Fixed Assets | 67,535 |
| NCUSIF Deposit | 201,814 |
| All Other Assets | 22,000 |
| TOTAL ASSETS | 23,097,634 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 80,199 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 184,483 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,532,894 |
| Regular shares | 7,564,425 |
| All Other Shares & Deposits | 8,163,026 |
| TOTAL SHARES & DEPOSITS | 20,260,345 |
| TOTAL LIABILITIES | 20,525,027 |
| Regular Reserve | 0 |
| Other Reserves | 109,424 |
| Undivided Earnings | 2,463,183 |
| TOTAL EQUITY | 2,572,607 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,097,634 |
| INCOME & EXPENSE | |
| Loan Income | 924,274 |
| Investment Income | 78,576 |
| Other Income | 157,389 |
| Total Employee Compensation & Benefits | 390,607 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 396,182 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,000 |
| Cost of Funds | 149,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 272,175 |
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