Overview / Commentary
Community 1st Federal Credit Union is headquartered in Miles City and is the 27th largest credit union in the state of Montana. It is also the 2,860th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 10 employees and 3,579 members at 2 locations. Community 1st Federal Credit Union's money market rates are 25% higher than the national average, and it has a C+ health rating.
Field of Membership Restrictions
Membership in Community 1st Federal Credit Union is open to those who live, work, worship, or attend school in the Montana counties of Carter, Custer, Garfield, Prairie, Powder River, or Rosebud. Members of any association headquartered in Miles City (MT) also qualify for membership.
See current membership details
Health
C+
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Community 1st Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8588 |
| Year Chartered | 1953 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.09% |
| Annual Interest Income | $663.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $33.1MM$28.7MM |
| Loans | Q2 2020vs Q2 2019 | $23.5MM$22.6MM |
| Deposits | Q2 2020vs Q2 2019 | $29.5MM$25.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $3.2MM$3.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $224.00K$190.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $551.00K$218.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |