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CITY OF FAIRMONT FEDERAL CREDIT UNION

Dec, 31, 2021 — CITY OF FAIRMONT FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $1.51 million in total assets. Opened 55 years ago in 1967, CITY OF FAIRMONT FEDERAL CREDIT UNION has about 326 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:326
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:$1,511,966
CEO/Manager:James R Emerick
Chairperson:Rick D Geldbaugh

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 217,602
TOTAL INVESTMENTS 411,124
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 239,570
 Other Loans 660,908
 TOTAL LOANS 900,478
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,951
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 12,346
 All Other Assets 3,367
  TOTAL ASSETS 1,511,966
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,651
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 856,462
 All Other Shares & Deposits 503,353
  TOTAL SHARES & DEPOSITS 1,359,815
  TOTAL LIABILITIES 1,362,466
 Regular Reserve 69,000
 Other Reserves 0
 Undivided Earnings 80,500
  TOTAL EQUITY 149,500
  TOTAL LIABILITIES, SHARES, & EQUITY 1,511,966
INCOME & EXPENSE  
 Loan Income 63,900
 Investment Income 9,053
 Other Income 587
 Total Employee Compensation & Benefits 25,352
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,971
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,380
 Cost of Funds 12,813
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,579
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