Rimrock Credit Union

Organization Overview

Rimrock Credit Union is located in Billings, MT. As of 12/2021, Rimrock Credit Union employed 11 individuals. Rimrock Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Rimrock Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONSUMER (MEMBER) FINANCIAL SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN THE CURRENT YEAR THE CREDIT UNION SERVED THE FOLLOWING ELIGIBLE MEMBERS AND THEIR FAMILIES: - EMPLOYEES OF THE CITY OF BILLINGS, YELLOWSTONE COUNTY, YELLOWSTONE CITY COUNTY HEALTH DEPARTMENT, MONTANA-DAKOTA UTILITIES AND SUPERVALUE- ANY PERSON HAVING A VEHICLE LICENSED OR REGISTERED IN THE CITY OF BILLINGS OR YELLOWSTONE COUNTY- ALL PUBLIC EMPLOYEES IN COUNTIES ADJOINING YELLOWSTONE COUNTY, NOT SPECIFICALLY ELIGIBLE IN THE CHARTER OF ANOTHER CREDIT UNION. THE CREDIT UNION SERVED 3,655 MEMBERS WITH A WIDE VARIETY OF FINANCIAL SERVICES. AT YEAR-END THEY HELD 1,908 LOANS FOR A TOTAL OF $16,091,755.


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Board, Officers & Key Employees

Name (title)Compensation
Wade Mcfadden
CEO
$146,307
Brandi Hickey
Clo
$81,290
Shawn Bettise
Secretary
$0
Janet Massey
Treasurer
$0
Mark Koerber
Vice President
$0
Jim Kraft
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,277,153
Investment income $231,961
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,509,114

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