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FEDMONT FEDERAL CREDIT UNION

Mar, 31, 2021 — FEDMONT FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $15.18 million in total assets. Opened 61 years ago in 1960, FEDMONT FEDERAL CREDIT UNION has about 1,397 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:1,397
Credit Union Type:Federal Credit Union
Charter Number:14026
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,177,334
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 4,636,317
TOTAL INVESTMENTS 6,566,227
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 902,122
 Other Loans 2,832,058
 TOTAL LOANS 3,734,180
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -118,629
 Land And Building 200,724
 Other Fixed Assets 2,429
 NCUSIF Deposit 107,903
 All Other Assets 48,183
  TOTAL ASSETS 15,177,334
LIABILITIES & CAPITAL:  
 Dividends Payable 3,511
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 38,207
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,381,105
 Regular shares 7,302,802
 All Other Shares & Deposits 3,948,134
  TOTAL SHARES & DEPOSITS 13,632,041
  TOTAL LIABILITIES 13,673,759
 Regular Reserve 308,715
 Other Reserves 7,607
 Undivided Earnings 1,187,253
  TOTAL EQUITY 1,503,575
  TOTAL LIABILITIES, SHARES, & EQUITY 15,177,334
INCOME & EXPENSE  
 Loan Income 72,702
 Investment Income 7,424
 Other Income 21,412
 Total Employee Compensation & Benefits 52,902
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,504
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 16,234
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -34,416
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