As of August 31, 2023
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 | $361,530,364 |
| Liquid Assets | $6,501,087 |
| Investments | $79,111,635 |
| Receivables | $927,100 |
| Prepaid/Deferred Expenses | $9,666,777 |
| Fixed Assets | $14,454,108 |
| Accrued Income | $894,997 |
| Other Assets | $4,452,020 |
| Total Assets | $477,538,088 |
| Liabilities & Equity | |
|---|---|
| Accounts & Notes Payable | $3,358,924 |
| Accrued Expenses | $1,140,113 |
| Other Liabilities | $179,886 |
| Total Shares | $438,638,610 |
| Total Equity | $34,220,554 |
| Total Liabilities & Equity | $477,538,088 |
| Statistics | |
|---|---|
| Number of Member Accounts | 44,234 |
| Total Delinquent Loans | $2,368,613 |
| Net Worth Ratio | 9.47% |
| Delinquency Rate | 0.65% |
