As of May 31, 2020
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 | $256,669,915 |
| Liquid Assets | $10,893,742 |
| Investments | $127,468,580 |
| Receivables | $1,468,737 |
| Prepaid/Deferred Expenses | $2,719,943 |
| Fixed Assets | $16,546,309 |
| Accrued Income | $679,355 |
| Other Assets | $3,266,294 |
| Total Assets |
$419,712,874 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $4,528,016 |
| $954,169 | |
| Other Liabilities | $43,510 |
| Total Shares | $380,039,262 |
| Total Equity | $34,147,918 |
| Total Liabilities & Equity | $419,712,874 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,611 |
| Total Delinquent Loans | $2,090,948 |
| Net Worth Ratio | 8.94% |
| Delinquency Rate | 0.81% |
