Clearwater Credit Union (MT) is headquartered in Missoula and is the 2nd largest credit union in the state of Montana. It is also the 486th largest credit union in the nation. It was established in 1956 and as of December of 2020, it had grown to 156 employees and 52,408 members at 8 locations. Clearwater Credit Union (MT) has an A+ health rating.
Field of Membership Restrictions
Clearwater Credit Union is open to anyone who lives, works, worships, or attends school in the Montana counties of Beaverhead, Deer Lodge, Granite, Lake, Missoula, Ravalli, or Silver Bow.
See current membership details
Helped me dig myself out of a hole.
I was having a hard time deciding how to best take care of my money. I talked to a lady at Missoula Federal Credit Union and she convinced me to open up a checking account with them. They charge 7 bucks for the service and didn't require a hard credit pull. I had tried several local banks and national banks and none of them would accept me. I was paying outrageous fees with my previous bank and it wasn't convenient at all. I can't even tally up the amount of money I'm saving now that I'm with better bank.
Ethically Corrupted
They illegally garnished my student loan disbursement, which is a federally protected source which cannot be garnished. When confronted the resolution specialist told me to prove it, and that they in no way accepted responsibility of their error. Absolute slime-ball bank.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 11300 |
| Year Chartered | 1956 |
| Employees | 156 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 8.26% |
| Annual Interest Income | $21.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $752.8MM$564.4MM |
| Loans | Q4 2020vs Q4 2019 | $420.9MM$319.6MM |
| Deposits | Q4 2020vs Q4 2019 | $665.1MM$489.7MM |
| Equity Capital | Q4 2020vs Q4 2019 | $77.9MM$64.3MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $6.7MM$4.9MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $608.00K$723.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$346.00K |