Montana
No matter what life brings, Montana's credit unions have always been there to help strengthen the financial lives of individuals, families, and businesses across our state. Credit unions are not-for-profit financial cooperatives owned by and operated for the benefit of members they serve.
Montana credit unions paid $33.4 million in federal and state taxes in 2020. Montana credit union members paid an additional $5.1 billion in federal and state income taxes.
93%
of CUs Serve Low Income Areas
$87M
Total Agriculture Loans in 2019
58%
of Credit Union CEOs are Women
412,639
Credit Union Members
46
Total # of Credit Unions
$476M
Contribution to MT's Economy
Supporting Local Nonprofits
Grasslands Federal Credit Union, which serves 13 counties in rural, eastern Montana, provided a welcome cushion for both businesses and nonprofits when it opted to participate in the Paycheck Protection Program this spring. The credit union able to write $1.78 million in loans (half of them were under $10,000). In addition, Grasslands decided to use its origination fees to fund grants to local nonprofits, who were hit hard by COVID but ineligible for PPP loans.
