Dec, 31, 2020 — FAIRFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 4 branch locations and about $97.15 million in total assets. Opened 63 years ago in 1958, FAIRFIELD FEDERAL CREDIT UNION has about 11,204 members and employs 28 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) | P. O. BOX 5700 PINE BLUFF, AR 71611-5700 |
| Phone: | (870) 536-6665 |
| Fax: | (870) 536-7961 |
| Website: | http://www.fairfieldcreditunion.org |
| Branches: | 4 branch locations |
| Members: | 11,204 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,151,687 |
| CEO/Manager: | Connie Wood |
| Chairperson: | Jimmy Bennett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,181,770 |
| TOTAL INVESTMENTS | 30,902,132 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,749,989 |
| Unsecured Loans | 2,983,456 |
| Other Loans | 22,745,175 |
| TOTAL LOANS | 32,478,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -240,902 |
| Land And Building | 2,746,290 |
| Other Fixed Assets | 205,881 |
| NCUSIF Deposit | 742,340 |
| All Other Assets | 5,135,556 |
| TOTAL ASSETS | 97,151,687 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,371 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 302,795 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,514,535 |
| Regular shares | 49,106,348 |
| All Other Shares & Deposits | 14,849,198 |
| TOTAL SHARES & DEPOSITS | 77,470,081 |
| TOTAL LIABILITIES | 77,774,247 |
| Regular Reserve | 2,540,218 |
| Other Reserves | 0 |
| Undivided Earnings | 16,837,222 |
| TOTAL EQUITY | 19,377,440 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,151,687 |
| INCOME & EXPENSE | |
| Loan Income | 1,692,883 |
| Investment Income | 854,107 |
| Other Income | 1,607,576 |
| Total Employee Compensation & Benefits | 1,592,270 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,913,248 |
| Non-operating Income & (Expense) | -6,542 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 261,641 |
| Cost of Funds | 146,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 234,561 |
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