As of March 31, 2024
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: Cindy Dickey CEO & Nancy Lopez, Exec VP, CFO
This credit union is federally insured by the National Credit Union Administration
| Assets | |
|---|---|
| Total Net Loans | $344,098,959 |
| Liquid Assets | $6,669,174 |
| Investments | $120,959,352 |
| Receivables | $1,981,505 |
| Prepaid/Deferred Expenses | $9,895,763 |
| Fixed Assets | $14,289,349 |
| Accrued Income | $986,202 |
| Other Assets | $4,948,167 |
| Total Assets | $503,828,472 |
| Liabilities & Equity | |
|---|---|
| Accounts & Notes Payable | $6,606,612 |
| Accrued Expenses | $1,147,964 |
| Other Liabilities | $145,483 |
| Total Shares | $458,455,600 |
| Total Equity | $37,472,812 |
| Total Liabilities & Equity | $503,828,472 |
| Statistics | |
|---|---|
| Number of Member Accounts | 44,037 |
| Total Delinquent Loans | $442,766 |
| Net Worth Ratio | 9.43% |
| Delinquency Rate | 0.13% |
