Sep, 30, 2025 — FAIRMONT SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, MN with 1 branch location and about $3.83 million in total assets. Opened 69 years ago in 1957, FAIRMONT SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 529 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAIRMONT SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 Eltinge Pl FAIRMONT, MN 56031-3423 |
| Phone: | (507) 235-5060 |
| Fax: | (507) 235-5063 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 529 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24612 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,833,826 |
| CEO/Manager: | Jerry Brooks |
| Chairperson: | Holly Vogltance |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 201,197 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 151,615 |
| Other Loans | 3,050,552 |
| TOTAL LOANS | 3,202,167 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,123 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 35,461 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,833,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,741 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,401,244 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,401,244 |
| TOTAL LIABILITIES | 3,402,985 |
| Regular Reserve | 0 |
| Other Reserves | 42,021 |
| Undivided Earnings | 388,820 |
| TOTAL EQUITY | 430,841 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,833,826 |
| INCOME & EXPENSE | |
| Loan Income | 162,128 |
| Investment Income | 9,340 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 30,939 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,800 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,438 |
| Cost of Funds | 82,874 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,441 |
| ↑ Back to Top | |