Southwest Montana Community Federal Credit Union

What Southwest Montana Community Federal Credit Union does

Southwest Montana Community Federal Credit Union is a federally chartered, member-owned cooperative headquartered at 1035 W. Park Ave. in Anaconda, Montana, founded on March 29, 1941 as Anaconda Federal Credit Union by a group of smeltermen. Following a 1999 conversion to community charter status, the institution now serves 8,112 members across seven Southwest Montana counties (Anaconda-Deer Lodge, Butte-Silver Bow, Granite, Powell, Jefferson, Beaverhead, and Madison) through two physical branches and 11-50 employees. As of 03/31/2025, total assets stood at $155,203,801 and total member shares at $140,037,752.

The credit union delivers a full-service retail and small-business banking platform. Core products include Kasasa-branded reward checking and savings (up to 5.00% APY), Share Draft Checking, Gold Club Checking, share savings, Christmas Club, money market, Share Certificates, IRAs, and a business account suite. Lending spans home mortgages, home equity, auto, RV, and personal consumer loans on the retail side and business term loans and commercial real estate loans on the commercial side, totaling 6,394 loans. Cards include Visa debit, credit, and ATM products with a self-service Card Control Center and Kasasa Protect identity/fraud monitoring. Distribution combines Anaconda and Butte branches with the Netteller online banking platform, a biometric mobile app, a 24/7 phone teller, and Co-Op surcharge-free ATMs.

Revenue mechanics follow the standard credit union model: predominant net interest income from the loan portfolio, supplemented by transaction fees (outgoing wire $20, incoming wire $10, money order $1, cashier's check $1, stop payment $25, NSF $25, card replacement $5-$10, safe deposit boxes $20-$65/year, dormant accounts $10/year) and credit card interest/fees. The institution is mutually owned by members with no parent company, no external shareholders, and no funding rounds; a volunteer board governs strategy. GTM is direct-to-consumer within the community charter, supported by website, Facebook/Twitter/Instagram presence, an email newsletter, an annual meeting at Fairmont Hot Springs Resort, and member referrals.

Name

Southwest Montana Community Federal Credit Union

Legal name

Southwest Montana Community Federal Credit Union

Website

https://swmcfcu.org

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

11–50 employees

Short description

Southwest Montana Community Federal Credit Union is a federally chartered, member-owned cooperative founded in 1941, serving 8,112 members across seven Southwest Montana counties through retail and small-business banking, consumer and commercial lending, and digital banking via two branches.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Community credit union
• Personal banking services
• Consumer lending products
• Business deposit accounts
• Federal credit union

Headquarters

HQ city

Anaconda

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest: Interest income from various loan products including home mortgages, auto loans, personal loans, RV loans, and business loans
2. Service Fees: Fees for various services including wire transfers ($10-$20), money orders ($1), cashier's checks ($1), ATM/debit card replacements ($5-$10), stop payments ($25), NSF charges ($25)
3. Credit Card Revenue: Interest and fees from Visa credit card products
4. Deposit Account Fees: Fees for dormant accounts ($10/year), early closure ($25), and other account-related services

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Southwest Montana Community Federal Credit Union is a federally chartered, member-owned cooperative credit union founded in 1941, headquartered in Anaconda, Montana, with a branch in Butte and serving seven counties across Southwest Montana. It provides deposit accounts, consumer and business lending, mortgages, credit cards, insurance, and digital banking services to approximately 8,112 members with $155 million in total assets.

Product overview

Southwest Montana Community Federal Credit Union operates as a traditional community credit union offering a unified portfolio of financial products and services centered around deposit accounts, lending, and digital banking. The core offering consists of personal and business checking and savings accounts (including Kasasa-branded reward accounts, Share Certificates, IRAs, and money market accounts), Visa-branded debit and credit cards, and a full range of loan products spanning consumer lending (auto, RV, personal loans, home mortgages, home equity) and business lending (term loans, commercial real estate). Digital banking access is provided through Netteller Online Banking and Mobile Banking platforms, complemented by ancillary services including Kasasa Protect fraud/identity protection, Trustage insurance products, estatements, surcharge-free ATM networks, financial calculators, and a scholarship program. The institution operates as a single-platform, full-service credit union rather than a modular software product, with all services delivered through its branch network in Anaconda and Butte, Montana.

Differentiator

Problem solved

Functional benefit

Brands

• Kasasa Cash Checking: Free checking account with up to 5.00% APY
• Kasasa Cash Back Checking
• Kasasa Saver
• Kasasa Protect
• InControl
• Gold Club Checking
• Trustage Insurance

Products and services

• Personal Checking Accounts Checking account products for individual members, including Kasasa-rewards variants, designed for everyday consumer banking needs.
• Personal Savings Accounts Savings products for individual members, including regular savings, money market accounts, and certificates of deposit (CDs).
• Business Banking Accounts Business checking and savings account products tailored for small businesses operating in Southwest Montana.
• Consumer Loans Personal loan products including auto loans, signature loans, recreational vehicle loans, and home equity loans for individual members.
• Home Mortgage Loans Residential mortgage financing for members purchasing or refinancing homes in the Southwest Montana region.
• Business and Commercial Loans Commercial lending products for small businesses, supporting working capital, equipment, and expansion needs.
• Credit Cards Mastercard credit card products, including Kasasa-branded variants, issued to members for consumer purchases.
• Insurance Products Insurance offerings made available to members, covering personal protection needs.
• Wealth Management Services Wealth and investment management services provided to members for retirement and long-term financial planning.
• Online and Mobile Banking Digital banking platform (Netteller) and mobile app with biometric authentication enabling account access, bill pay, transfers, and card management for members.
• Notary Services Notary public services offered to members for document authentication.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• CUNA Mutual Group's MEMBERCONNECTcoreGTM or Marketing PartnerJoint marketing partner for financial products and services. CUNA Mutual Group's MEMBERCONNECT platform provides marketing and product support for the credit union's member-facing services.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Yellowstone Bank: Billings-headquartered Montana community bank with full personal and business banking products. Comparable in branch-based community banking model even though primary geography is east of SWMCFCU's footprint.
• First Montana Bank: Montana-based community bank offering consumer and business banking with similar fee/interest spread economics. Regional competitor for community banking relationships in Montana.
• Rocky Mountain Credit Union: Montana/Wyoming-area community credit union with consumer lending, deposits, and digital channels. Comparable in scale and cooperative member-owned structure to SWMCFCU.
• Granite Mountain Bank: Montana community bank with personal and business banking products similar in scale and rural footprint to SWMCFCU. Competes for Southwest Montana deposit and lending share.
• Farmers State Bank (Montana): Montana-headquartered community bank with consumer, mortgage, and small business lending. Competes for similar Montana community-based deposit and loan relationships outside the credit union niche.

Direct peers

• Whitefish Credit Union: Montana-headquartered community credit union with similar asset size, multi-branch model, and personal/business banking offerings. Direct comparable to SWMCFCU's deposit and loan product mix.
• Valley Credit Union (Montana): Montana community credit union with personal/business banking, loan products, and digital banking analogous to SWMCFCU. Direct peer based on cooperative model, member base size, and product breadth.
• Clearwater Credit Union: Montana-based community credit union serving western Montana with comparable deposit, lending, and digital banking products. Direct competitor for Montana consumer and small business banking relationships.

Broad incumbents

• Glacier Bank (Glacier Financial): Largest Montana-headquartered commercial bank with branches across the state. Competes with SWMCFCU for consumer and small business deposits and loans across overlapping Southwest Montana geographies.

Others

• Kasasa (marketing/technology partner): Provider of the rewards checking, savings, and identity protection (Kasasa Protect) products that SWMCFCU resells. Not a competitor but a key supplier enabling SWMCFCU's product differentiation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SWMCFCU
• Facebookfacebook.com/SouthwestMontanaCommunityFCU
• Instagraminstagram.com/swmcfcu
• LinkedInlinkedin.com/company/southwest-montana-community-federal-credit-union

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southwest Montana Community Federal Credit Union