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Statement
of Financial Condition
as of January 31, 2012
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Assets |
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Liabilities
& Equity |
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Total Net Loans |
$178,161,870 |
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Accounts & Notes
Payable |
$2,797,675 |
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Liquid Assets |
$7,704,349 |
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Accrued Expenses |
$906,142 |
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Investments |
$61,967,328 |
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Other Liabilities |
$13,962 |
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Receivables |
$1,749,600 |
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Total Shares |
$238,541,855 |
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Prepaid/Deferred Expenses |
$1,813,004 |
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Total Equity |
$20,409,891 |
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Fixed Assets |
$8,424,319 |
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Total Liabilities &
Equity |
$262,669,525 |
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Accrued Income |
$551,693 |
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Other Assets |
$2,297,362 |
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Total Assets |
$262,669,525 |
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Statistics
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Number of Members |
37,974 |
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Net Worth Ratio |
8.30% |
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Total Delinquent Loans |
$924,597 |
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Delinquency Rate |
0.52% |
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Based upon our knowledge
these financial statements truly and fairly present
in all material respects Fairmont FCU's financial
condition and results of operations. Acknowledged
by: Stanley Rittenhouse, CEO/Treasurer & D.E.
Droppleman, CFO |
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