As of August 31, 2019
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 | $268,909,667 |
| Liquid Assets | $9,610,963 |
| Investments | $60,500,085 |
| Receivables | $659,211 |
| Prepaid/Deferred Expenses | $2,160,788 |
| Fixed Assets | $17,085,758 |
| Accrued Income | $609,759 |
| Other Assets | $3,186,068 |
| Total Assets | $362,722,299 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $5,277,784 |
| Accrued Expenses | $1,032,072 |
| Other Liabilities | $79,606 |
| Total Shares | $323,629,620 |
| Total Equity | $32,703,217 |
| Total Liabilities & Equity | $362,722,299 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,344 |
| Total Delinquent Loans | $2,080,921 |
| Net Worth Ratio | 10.14% |
| Delinquency Rate | 0.77% |
