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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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