Dec, 31, 2023 — FEDMONT FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $13.12 million in total assets. Opened 64 years ago in 1960, FEDMONT FEDERAL CREDIT UNION has about 1,272 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FEDMONT FEDERAL CREDIT UNION |
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Address: (Main Office) | 330 Eastdale Cir MONTGOMERY, AL 36117 |
Phone: | (334) 270-5532 |
Fax: | (334) 270-5534 |
Website: | https://www.fedmontfcu.com |
Branches: | 1 branch locations |
Members: | 1,272 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14026 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,121,280 |
CEO/Manager: | Stacy M Robbins |
Chairperson: | Quinton X Harris |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,978,743 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 749,302 |
Other Loans | 2,766,034 |
TOTAL LOANS | 3,515,336 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,076 |
Land And Building | 131,748 |
Other Fixed Assets | 9,833 |
NCUSIF Deposit | 139,461 |
All Other Assets | 0 |
TOTAL ASSETS | 13,121,280 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,953 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 55,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,415,483 |
Regular shares | 7,119,665 |
All Other Shares & Deposits | 1,974,785 |
TOTAL SHARES & DEPOSITS | 11,509,933 |
TOTAL LIABILITIES | 11,567,566 |
Regular Reserve | 0 |
Other Reserves | 655 |
Undivided Earnings | 1,553,059 |
TOTAL EQUITY | 1,553,714 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,121,280 |
INCOME & EXPENSE | |
Loan Income | 300,295 |
Investment Income | 338,440 |
Other Income | 72,895 |
Total Employee Compensation & Benefits | 231,485 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 270,732 |
Non-operating Income & (Expense) | -3,350 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,500 |
Cost of Funds | 38,450 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 140,651 |
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