Statement of Condition
As of March 31, 2014
Based upon our knowledge these financial statements truly and fairly present in all material respects Fairmont Federal Credit Union's financial condition and results of operations. Acknowledged by: Stanley Rittenhouse, CEO/Treasurer & D.E. Droppleman, CFO
This credit union is federally insured by the National Credit Union Administration
| Assets | |
|---|---|
| Total Net Loans | $225,737,856 |
| Liquid Assets | $8,236,046 |
| Investments | $52,135,175 |
| Receivables | $419,779 |
| Prepaid/Deferred Expenses | $3,680,700 |
| Fixed Assets | $9,535,035 |
| Accrued Income | $528,182 |
| Other Assets | $3,269,098 |
| Total Assets | $303,541,871 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $3,425,990 |
| Accrued Expenses | $805,997 |
| Other Liabilities | $9,220 |
| Total Shares | $275,268,105 |
| Total Equity | $24,032,559 |
| Total Liabilities & Equity | $303,541,871 |
| Statistics | |
|---|---|
| Number of Members | 37,919 |
| Total Delinquent Loans | $148,851 |
| Net Worth Ratio | 8.45% |
| Delinquency Rate | 0.07% |
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