Montana

REGULATING AGENCY: Montana Department of Administration; Division of Banking & Financial Institutions

Montana State Capitol

  • Melanie Hall, Commissioner
  • Rick Christianson, Credit Union Bureau Chief
  • Website: banking.mt.gov

LEAGUE: Montana Credit Union Network

  • Gerry Singleton, President/CEO
  • Website: mcun.coop

PRIVATE SHARE INSURANCE: YES


2023 STATS 
  • Largest SCU: WHITEFISH CU $2.17B in assets
  • Largest FCU: CLEARWATER FCU $974.9M in assets
Second Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 9 36 45 20.00%
Credit Union Members 185,905 239,783 425,688 43.67%
Credit Union Assets $3.97B $3.62B $7.59B 52.28%

FUN FACT

The only state in the US with a Triple Divide, which allows waters to flow to Hudson Bay, the Atlantic Ocean, and the Pacific Ocean.


RECENT NEWS
Montana Becomes First US State to Pass TikTok Ban

Apr. 21, 2023 — The state of Montana in the US has become the first to pass legislation banning TikTok on personal devices. The bill, SB 419, passed by a vote of 54 to 43, mentions several concerns about TikTok, such as alleged surveillance from the Chinese government as well as the encouragement of “dangerous activities” among youth using the app. Read more


STORY ARCHIVE

Click here to take a look at the stories that have been collected over the years in Montana.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!