Sep, 30, 2022 — CITY OF FAIRMONT FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $1.48 million in total assets. Opened 56 years ago in 1967, CITY OF FAIRMONT FEDERAL CREDIT UNION has about 324 members 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: | 324 |
| 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: | Jul 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,475,860 |
| CEO/Manager: | James R Emerick |
| Chairperson: | Rick D Geldbaugh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 95,884 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 240,927 |
| Other Loans | 745,258 |
| TOTAL LOANS | 986,185 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,344 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 13,598 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,475,860 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 850,201 |
| All Other Shares & Deposits | 462,921 |
| TOTAL SHARES & DEPOSITS | 1,313,122 |
| TOTAL LIABILITIES | 1,314,860 |
| Regular Reserve | 0 |
| Other Reserves | 70,000 |
| Undivided Earnings | 91,000 |
| TOTAL EQUITY | 161,000 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,475,860 |
| INCOME & EXPENSE | |
| Loan Income | 49,728 |
| Investment Income | 5,475 |
| Other Income | 32 |
| Total Employee Compensation & Benefits | 18,150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,074 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,955 |
| Cost of Funds | 12,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,500 |
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