As of December 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 | $256,048,637 |
| Liquid Assets | $9,432,142 |
| Investments | $137,952,116 |
| Receivables | $1,534,521 |
| Prepaid/Deferred Expenses | $9,205,641 |
| Fixed Assets | $16,141,426 |
| Accrued Income | $641,146 |
| Other Assets | $3,769,837 |
| Total Assets |
$434,725,467 |
| Liabilities & Equity | |
|---|---|
| Accounts & Notes Payable | $3,185,794 |
| Accrued Expenses | $1,155,912 |
| Other Liabilities | $52,566 |
| Total Shares | $396,098,037 |
| Total Equity | $34,233,158 |
| Total Liabilities & Equity | $434,725,467 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,706 |
| Total Delinquent Loans | $2,258,812 |
| Net Worth Ratio | 8.91% |
| Delinquency Rate | 0.88% |
