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FAIRMONT VILLAGE CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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