As of January 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 | $264,217,791 |
| Liquid Assets | $7,877,213 |
| Investments | $66,193,261 |
| Receivables | $1,122,419 |
| Prepaid/Deferred Expenses | $2,791,590 |
| Fixed Assets | $16,801,426 |
| Accrued Income | $592,301 |
| Other Assets | $3,397,906 |
| Total Assets |
$362,993,907 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $2,913,458 |
| Accrued Expenses | $1,156,879 |
| Other Liabilities | $62,116 |
| Total Shares | $325,308,167 |
| Total Equity | $33,553,287 |
| Total Liabilities & Equity | $362,993,907 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,455 |
| Total Delinquent Loans | $2,595,828 |
| Net Worth Ratio | 10.29% |
| Delinquency Rate | 0.98% |
