Mar, 31, 2022 — FAIRFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 4 branch locations and about $104.70 million in total assets. Opened 64 years ago in 1958, FAIRFIELD FEDERAL CREDIT UNION has about 11,246 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAIRFIELD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 206 Highway 81 N PINE BLUFF, AR 71601-9604 |
| Phone: | (870) 536-6665 |
| Fax: | (870) 536-7961 |
| Website: | http://www.fairfieldcreditunion.org |
| Branches: | 4 branch locations |
| Members: | 11,246 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12305 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $104,700,836 |
| CEO/Manager: | Connie Wood |
| Chairperson: | Jimmy Bennett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,954,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,285,403 |
| Unsecured Loans | 2,752,845 |
| Other Loans | 18,920,133 |
| TOTAL LOANS | 25,958,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,081 |
| Land And Building | 2,665,248 |
| Other Fixed Assets | 139,027 |
| NCUSIF Deposit | 826,572 |
| All Other Assets | 0 |
| TOTAL ASSETS | 104,700,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 686 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 134,953 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,816,993 |
| Regular shares | 56,648,001 |
| All Other Shares & Deposits | 13,600,065 |
| TOTAL SHARES & DEPOSITS | 85,065,059 |
| TOTAL LIABILITIES | 85,200,698 |
| Regular Reserve | 0 |
| Other Reserves | 2,540,218 |
| Undivided Earnings | 16,959,920 |
| TOTAL EQUITY | 19,500,138 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,700,836 |
| INCOME & EXPENSE | |
| Loan Income | 338,856 |
| Investment Income | 79,335 |
| Other Income | 365,981 |
| Total Employee Compensation & Benefits | 396,460 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 534,180 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,184 |
| Cost of Funds | 12,237 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -148,098 |
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