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FEDMONT FEDERAL CREDIT UNION

Mar, 31, 2022 — FEDMONT FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $15.47 million in total assets. Opened 62 years ago in 1960, FEDMONT FEDERAL CREDIT UNION has about 1,380 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:1,380
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$15,470,867
CEO/Manager:Stacy M Robbins
Chairperson:Quinton X Harris

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,804,920
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 799,357
 Other Loans 2,593,400
 TOTAL LOANS 3,392,757
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,448
 Land And Building 174,612
 Other Fixed Assets 1,424
 NCUSIF Deposit 131,187
 All Other Assets 0
  TOTAL ASSETS 15,470,867
LIABILITIES & CAPITAL:  
 Dividends Payable 1,929
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,122
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,724,634
 Regular shares 7,658,223
 All Other Shares & Deposits 3,647,324
  TOTAL SHARES & DEPOSITS 14,030,181
  TOTAL LIABILITIES 14,055,232
 Regular Reserve 0
 Other Reserves 3,042
 Undivided Earnings 1,412,593
  TOTAL EQUITY 1,415,635
  TOTAL LIABILITIES, SHARES, & EQUITY 15,470,867
INCOME & EXPENSE  
 Loan Income 73,530
 Investment Income 4,542
 Other Income 21,681
 Total Employee Compensation & Benefits 54,763
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,112
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,000
 Cost of Funds 9,928
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -34,579
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