As of October 31, 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 | $253,344,123 |
| Liquid Assets | $9,874,866 |
| Investments | $130,199,721 |
| Receivables | $1,215,148 |
| Prepaid/Deferred Expenses | $9,169,941 |
| Fixed Assets | $16,327,291 |
| Accrued Income | $624,583 |
| Other Assets | $3,689,548 |
| Total Assets |
$424,445,222 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $4,982,878 |
| Accrued Expenses | $1,033,023 |
| Other Liabilities | $61,485 |
| Total Shares | $384,767,243 |
| Total Equity | $33,600,594 |
| Total Liabilities & Equity | $424,445,222 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,612 |
| Total Delinquent Loans | $1,579,769 |
| Net Worth Ratio | 9.07% |
| Delinquency Rate | 0.62% |
