As of February 29, 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 | $262,025,541 |
| Liquid Assets | $7,702,723 |
| Investments | $82,645,649 |
| Receivables | $926,055 |
| Prepaid/Deferred Expenses | $2,780,053 |
| Fixed Assets | $16,741,429 |
| Accrued Income | $573,742 |
| Other Assets | $3,388,772 |
| Total Assets |
$376,783,964 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $5,042,755 |
| Accrued Expenses | $970,494 |
| Other Liabilities | $57,472 |
| Total Shares | $336,864,847 |
| Total Equity | $33,848,397 |
| Total Liabilities & Equity | $376,783,964 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,536 |
| Total Delinquent Loans | $1,366,356 |
| Net Worth Ratio | 9.94% |
| Delinquency Rate | 0.52% |
