FAIRMONT VILLAGE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://fairmontvillagecu.com for more information.
Dec, 31, 2023 — FAIRMONT VILLAGE CREDIT UNION is a federally insured state chartered credit union headquartered in Fairmont City, IL with 1 branch location and about $2.37 million in total assets. Opened 87 years ago in 1937, FAIRMONT VILLAGE CREDIT UNION has about 433 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FAIRMONT VILLAGE CREDIT UNION |
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Address: (Main Office) | 4426 Cookson Road Fairmont City, IL 62201 |
Phone: | (618) 271-0521 |
Fax: | (618) 271-7961 |
Website: | https://fairmontvillagecu.com |
Branches: | 1 branch locations |
Members: | 433 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64460 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,372,203 |
CEO/Manager: | Marsha K Wilkinson |
Chairperson: | Brandon R Allen |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,144,879 |
TOTAL INVESTMENTS | 401,519 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 189,684 |
Other Loans | 554,816 |
TOTAL LOANS | 744,500 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,341 |
Land And Building | 3,000 |
Other Fixed Assets | 1,394 |
NCUSIF Deposit | 18,678 |
All Other Assets | 70,574 |
TOTAL ASSETS | 2,372,203 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 278 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,785 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,369,609 |
Regular shares | 655,727 |
All Other Shares & Deposits | 54,077 |
TOTAL SHARES & DEPOSITS | 2,079,413 |
TOTAL LIABILITIES | 2,083,476 |
Regular Reserve | 194,924 |
Other Reserves | 0 |
Undivided Earnings | 93,803 |
TOTAL EQUITY | 288,727 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,372,203 |
INCOME & EXPENSE | |
Loan Income | 34,092 |
Investment Income | 1,002 |
Other Income | 21,154 |
Total Employee Compensation & Benefits | 47,255 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,544 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 571 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -23,122 |
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