As of October 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 | $266,752,465 |
| Liquid Assets | $7,976,200 |
| Investments | $53,858,914 |
| Receivables | $1,484,003 |
| Prepaid/Deferred Expenses | $2,690,062 |
| Fixed Assets | $16,995,816 |
| Accrued Income | $658,618 |
| Other Assets | $3,381,199 |
| Total Assets | $353,797,277 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $2,768,969 |
| Accrued Expenses | $996,234 |
| Other Liabilities | $75,859 |
| Total Shares | $316,928,136 |
| Total Equity | $33,028,079 |
| Total Liabilities & Equity | $353,797,277 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,319 |
| Total Delinquent Loans | $2,086,908 |
| Net Worth Ratio | 10.48% |
| Delinquency Rate | 0.78% |
