As of December 31, 2022
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 | $333,012,325 |
| Liquid Assets | $9,156,928 |
| Investments | $120,824,692 |
| Receivables | $1,094,964 |
| Prepaid/Deferred Expenses | $8,246,560 |
| Fixed Assets | $14,826,708 |
| Accrued Income | $831,943 |
| Other Assets | $4,543,312 |
| Total Assets | $492,537,432 |
| Liabilities & Equity | |
|---|---|
| Accounts & Notes Payable | $7,130,851 |
| Accrued Expenses | $1,289,335 |
| Other Liabilities | $47,118 |
| Total Shares | $453,167,689 |
| Total Equity | $30,902,439 |
| Total Liabilities & Equity | $492,537,432 |
| Statistics | |
|---|---|
| Number of Member Accounts | 43,066 |
| Total Delinquent Loans | $1,429,595 |
| Net Worth Ratio | 8.71% |
| Delinquency Rate | 0.43% |
