As of May 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 | $268,995,377 |
| Liquid Assets | $8,430,653 |
| Investments | $60,491,892 |
| Receivables | $1,772,391 |
| Prepaid/Deferred Expenses | $3,484,723 |
| Fixed Assets | $17,288,775 |
| Accrued Income | $647,022 |
| Other Assets | $3,174,769 |
| Total Assets | $364,285,602 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $3,193,927 |
| Accrued Expenses | $1,422,927 |
| Other Liabilities | $56,488 |
| Total Shares | $326,784,873 |
| Total Equity | $32,827,387 |
| Total Liabilities & Equity | $364,285,602 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,178 |
| Total Delinquent Loans | $2,751,019 |
| Net Worth Ratio | 9.76% |
| Delinquency Rate | 1.02% |
