As of August 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 | $252,724,259 |
| Liquid Assets | $10,840,328 |
| Investments | $121,068,211 |
| Receivables | $2,156,942 |
| Prepaid/Deferred Expenses | $9,157,566 |
| Fixed Assets | $16,393,544 |
| Accrued Income | $646,702 |
| Other Assets | $3,189,419 |
| Total Assets |
$416,176,972 |
| Liabilities & Equity | |
| Accounts & Notes Payable | $3,115,410 |
| $1,111,746 | |
| Other Liabilities | $67,722 |
| Total Shares | $378,382,716 |
| Total Equity | $33,499,378 |
| Total Liabilities & Equity | $416,176,972 |
| Statistics | |
|---|---|
| Number of Member Accounts | 41,499 |
| Total Delinquent Loans | $1,288,853 |
| Net Worth Ratio | 9.18% |
| Delinquency Rate | 0.51% |
