As of October 31, 2021
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 | $279,056,098 |
| Liquid Assets | $8,848,280 |
| Investments | $161,094,990 |
| Receivables | $723,125 |
| Prepaid/Deferred Expenses | $10,450,335 |
| Fixed Assets | $15,665,761 |
| Accrued Income | $582,954 |
| Other Assets | $4,259,677 |
| Total Assets |
$480,681,220 |
| Liabilities & Equity | |
|---|---|
| Accounts & Notes Payable | $5,363,471 |
| Accrued Expenses | $999,315 |
| Other Liabilities | $91,596 |
| Total Shares | $438,851,323 |
| Total Equity | $35,375,515 |
| Total Liabilities & Equity | $480,681,220 |
| Statistics | |
|---|---|
| Number of Member Accounts | 42,488 |
| Total Delinquent Loans | $837,938 |
| Net Worth Ratio | 8.30% |
| Delinquency Rate | 0.30% |
