Dec, 31, 2022 — FAIRFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 4 branch locations and about $101.59 million in total assets. Opened 65 years ago in 1958, FAIRFIELD FEDERAL CREDIT UNION has about 11,215 members and employs 27 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: | https://www.fairfieldcreditunion.org |
| Branches: | 4 branch locations |
| Members: | 11,215 |
| 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: | $101,588,572 |
| CEO/Manager: | Connie Wood |
| Chairperson: | Jimmy Bennett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,600,581 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,513,996 |
| Unsecured Loans | 2,896,551 |
| Other Loans | 20,117,823 |
| TOTAL LOANS | 26,528,370 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,234 |
| Land And Building | 2,632,832 |
| Other Fixed Assets | 115,286 |
| NCUSIF Deposit | 826,414 |
| All Other Assets | 24,000 |
| TOTAL ASSETS | 101,588,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 489 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -28,861 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,954,940 |
| Regular shares | 55,251,414 |
| All Other Shares & Deposits | 13,008,172 |
| TOTAL SHARES & DEPOSITS | 82,214,526 |
| TOTAL LIABILITIES | 82,186,154 |
| Regular Reserve | 0 |
| Other Reserves | 2,540,218 |
| Undivided Earnings | 16,862,200 |
| TOTAL EQUITY | 19,402,418 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,588,572 |
| INCOME & EXPENSE | |
| Loan Income | 1,009,769 |
| Investment Income | 462,341 |
| Other Income | 1,101,385 |
| Total Employee Compensation & Benefits | 1,179,093 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,533,730 |
| Non-operating Income & (Expense) | 1,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,589 |
| Cost of Funds | 36,101 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -245,818 |
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