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FEDMONT FEDERAL CREDIT UNION

Dec, 31, 2020 — FEDMONT FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $14.71 million in total assets. Opened 61 years ago in 1960, FEDMONT FEDERAL CREDIT UNION has about 1,390 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
Address:
(Main Office)
330 EASTDALE CIR
MONTGOMERY, AL 36117
Phone:(334) 270-5532
Fax:(334) 270-5534
Website:http://www.fedmontfcu.org
Branches:1 branch locations
Members:1,390
Credit Union Type:Federal Credit Union
Charter Number:14026
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$14,706,250
CEO/Manager:Stacy M Robbins
Chairperson:Quinton X Harris

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,055,447
TOTAL INVESTMENTS 6,647,768
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 943,186
 Other Loans 2,830,872
 TOTAL LOANS 3,774,058
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -125,510
 Land And Building 207,215
 Other Fixed Assets 2,680
 NCUSIF Deposit 107,903
 All Other Assets 36,689
  TOTAL ASSETS 14,706,250
LIABILITIES & CAPITAL:  
 Dividends Payable 3,170
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 45,880
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,232,987
 Regular shares 6,929,277
 All Other Shares & Deposits 3,956,448
  TOTAL SHARES & DEPOSITS 13,118,712
  TOTAL LIABILITIES 13,167,762
 Regular Reserve 308,715
 Other Reserves 8,103
 Undivided Earnings 1,221,670
  TOTAL EQUITY 1,538,488
  TOTAL LIABILITIES, SHARES, & EQUITY 14,706,250
INCOME & EXPENSE  
 Loan Income 333,770
 Investment Income 76,494
 Other Income 93,766
 Total Employee Compensation & Benefits 255,689
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 245,777
 Non-operating Income & (Expense) -5,561
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,921
 Cost of Funds 68,847
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -92,765
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