Sep, 30, 2025 — CITY OF FAIRMONT FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $1.39 million in total assets. Opened 59 years ago in 1967, CITY OF FAIRMONT FEDERAL CREDIT UNION has about 336 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: | CITY OF FAIRMONT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Quincy ST FAIRMONT, WV 26554 |
| Phone: | (304) 366-9280 |
| Fax: | (304) 366-5533 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 336 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18142 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,386,620 |
| CEO/Manager: | Lara E VanFosson |
| Chairperson: | Rick D Geldbaugh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 218,279 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 228,214 |
| Other Loans | 645,545 |
| TOTAL LOANS | 873,759 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,341 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 12,073 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,386,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,546 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 920,823 |
| All Other Shares & Deposits | 322,250 |
| TOTAL SHARES & DEPOSITS | 1,243,074 |
| TOTAL LIABILITIES | 1,246,620 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 140,000 |
| TOTAL EQUITY | 140,000 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,386,620 |
| INCOME & EXPENSE | |
| Loan Income | 47,408 |
| Investment Income | 8,437 |
| Other Income | 62 |
| Total Employee Compensation & Benefits | 27,127 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,939 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,649 |
| Cost of Funds | 9,553 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1 |
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