As of December 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 | $265,261,280 |
| Liquid Assets | $8,806,658 |
| Investments | $59,101,557 |
| Receivables | $909,107 |
| Prepaid/Deferred Expenses | $2,494,026 |
| Fixed Assets | $16,870,795 |
| Accrued Income | $713,795 |
| Other Assets | $3,389,979 |
| Total Assets |
$357,547,197 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $3,045,748 |
| Accrued Expenses | $1,118,292 |
| Other Liabilities | $66,749 |
| Total Shares | $320,148,819 |
| Total Equity | $33,167,589 |
| Total Liabilities & Equity | $357,547,197 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,401 |
| Total Delinquent Loans | $2,863,166 |
| Net Worth Ratio | 10.41% |
| Delinquency Rate | 1.08% |
