Southwest Montana Community Federal Credit Union
Overview / Commentary
Southwest Montana Community Federal Credit Union is headquartered in Anaconda and is the 13th largest credit union in the state of Montana. It is also the 1,500th largest credit union in the nation. It was established in 1941 and as of June of 2023, it had grown to 32 employees and 8,019 members at 2 locations. Southwest Montana Community Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Southwest Montana Community Federal Credit Union is open to those who live, work, worship, attend school, or perform volunteer services in the Montana counties of Beaverhead, Deer Lodge, Granite, Jefferson, Madison, Powell, or Silver Bow. Immediate family members of anyone eligible to join also qualifies for membership.
See current membership details
Health
B
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4401 |
| Year Chartered | 1941 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 9.41% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $145.4MM$149.0MM |
| Loans | Q2 2023vs Q2 2022 | $66.3MM$55.0MM |
| Deposits | Q2 2023vs Q2 2022 | $133.8MM$137.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $10.1MM$10.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $306.00K$437.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $298.00K$181.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |