Dec, 31, 2023 — FAIRFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 4 branch locations and about $94.71 million in total assets. Opened 66 years ago in 1958, FAIRFIELD FEDERAL CREDIT UNION has about 11,124 members and employs 29 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 |
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Address: (Main Office) | 206 Highway 81 N PINE BLUFF, AR 71601-9604 |
Phone: | (870) 536-6665 |
Fax: | (870) 536-7961 |
Website: | https://www.fairfieldcreditunion.org |
Branches: | 4 branch locations |
Members: | 11,124 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12305 |
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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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $94,707,177 |
CEO/Manager: | Connie Wood |
Chairperson: | Jimmy Bennett |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,360,520 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,501,709 |
Unsecured Loans | 2,915,267 |
Other Loans | 24,585,067 |
TOTAL LOANS | 30,002,043 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -843,285 |
Land And Building | 2,551,790 |
Other Fixed Assets | 90,837 |
NCUSIF Deposit | 805,122 |
All Other Assets | 0 |
TOTAL ASSETS | 94,707,177 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 248 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,517 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,478,091 |
Regular shares | 50,135,186 |
All Other Shares & Deposits | 11,482,916 |
TOTAL SHARES & DEPOSITS | 75,096,193 |
TOTAL LIABILITIES | 75,149,958 |
Regular Reserve | 0 |
Other Reserves | 2,540,218 |
Undivided Earnings | 17,017,001 |
TOTAL EQUITY | 19,557,219 |
TOTAL LIABILITIES, SHARES, & EQUITY | 94,707,177 |
INCOME & EXPENSE | |
Loan Income | 1,536,623 |
Investment Income | 1,866,289 |
Other Income | 1,407,484 |
Total Employee Compensation & Benefits | 1,626,746 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,046,228 |
Non-operating Income & (Expense) | 6,275 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 868,081 |
Cost of Funds | 63,104 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 257,750 |
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