Butte Community FCU field of membership expansion approved
Butte Community FCU was recently approved to serve six new counties in Montana.
WASHINGTON, D.C. (June 5, 2020) — The NCUA recently approved the additions of a rural area to Butte Community FCU’s field of membership. The rural area allows Butte Community FCU to offer their services to anyone who lives, works, worships, studies, and businesses in Silver Bow, Beaverhead, Madison, Deer Lodge, Powell, or Jefferson Counties, Montana. The district increases the credit union’s potential field of membership by 81,361 potential members, more than tripling its current potential membership.
“We look forward to serving the people in these counties. Many of them live in areas with few options when it comes to financial service providers,” said Karen Mandic, President of Butte Community FCU. “We hope they’re excited about the advantages of being able to join our credit union.”
Butte Community FCU enlisted the help of CUCollaborate to expand their existing field of membership. CUCollaborate provides consulting services to help credit unions expand their field of membership with their regulator.
“CUCollaborate was able to answer any of the questions I had around the rural expansion. They worked with me and the NCUA to make sure our application was approved. I would use them again for any future field of membership expansion projects.” Karen Mandic stated. “I also want to thank Montana’s Credit Unions for providing CUCollaborate’s consulting services as a benefit of our affiliation.”
“We are excited for Butte Community’s recent field of membership application approval. Helping credit unions expand into more rural areas allows them to better support their community and those that may not have access to an easily accessible financial institution. We look forward to working with Butte Community on future projects.” said Sam Brownell, Founder and CEO of CUCollaborate.
CUCollaborate is a research, consulting, and software company with a mission to help credit unions beat banks. Our proprietary software allows us to mitigate the impact regulations have on credit unions’ ability to grow. We specialize in growth, field of membership and chartering, CDFI certification and grant writing, low-income designation attainment and retention, and mergers and acquisitions. We work with over 200 credit unions ranging in size from $5 million dollars in assets to over $10 billion.
About Butte Community FCU
The Butte Community Federal Credit Union (formerly Butte Public Employees FCU) was chartered on January 7, 1970. On April 27, 2005 the former Butte Public Employees Federal Credit Union received a community charter from NCUA (National Credit Union Administration) to have the ability to serve all residents of Silver Bow County. On May 11, 2005 the credit union changed its name to “Butte Community Federal Credit Union.”
Butte Community FCU
Karen Mandic, CEO