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CITY OF FAIRMONT FEDERAL CREDIT UNION

Dec, 31, 2023 — CITY OF FAIRMONT FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $1.27 million in total assets. Opened 57 years ago in 1967, CITY OF FAIRMONT FEDERAL CREDIT UNION has about 328 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:328
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:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,271,262
CEO/Manager:James R Emerick
Chairperson:Rick D Geldbaugh

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 61,985
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 240,984
 Other Loans 681,045
 TOTAL LOANS 922,029
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,682
 Land And Building 0
 Other Fixed Assets 2,090
 NCUSIF Deposit 11,259
 All Other Assets 0
  TOTAL ASSETS 1,271,262
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,011
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 874,823
 All Other Shares & Deposits 233,429
  TOTAL SHARES & DEPOSITS 1,108,251
  TOTAL LIABILITIES 1,111,262
 Regular Reserve 0
 Other Reserves 70,000
 Undivided Earnings 90,000
  TOTAL EQUITY 160,000
  TOTAL LIABILITIES, SHARES, & EQUITY 1,271,262
INCOME & EXPENSE  
 Loan Income 62,662
 Investment Income 10,312
 Other Income 113
 Total Employee Compensation & Benefits 25,740
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,836
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,137
 Cost of Funds 15,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1
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