Dec, 31, 2023 — FREMONT FEDERAL CREDIT UNION is a federal credit union headquartered in FREMONT, OH with 6 branch locations and about $334.77 million in total assets. Opened 78 years ago in 1946, FREMONT FEDERAL CREDIT UNION has about 18,746 members and employs 83 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FREMONT FEDERAL CREDIT UNION |
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Address: (Main Office) | 315 Croghan St FREMONT, OH 43420-3013 |
Phone: | (419) 334-4434 |
Fax: | |
Website: | https://www.fremontfcu.com |
Branches: | 6 branch locations |
Members: | 18,746 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5370 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $334,765,870 |
CEO/Manager: | Nicholas Cray |
Chairperson: | John Lauer |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,540,924 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 116,971,610 |
Unsecured Loans | 32,642,495 |
Other Loans | 74,526,559 |
TOTAL LOANS | 224,140,663 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,188,641 |
Land And Building | 6,133,847 |
Other Fixed Assets | 542,516 |
NCUSIF Deposit | 2,802,180 |
All Other Assets | 0 |
TOTAL ASSETS | 334,765,870 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 467,848 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,709,973 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 50,251,082 |
Regular shares | 106,381,175 |
All Other Shares & Deposits | 132,297,171 |
TOTAL SHARES & DEPOSITS | 288,929,426 |
TOTAL LIABILITIES | 294,107,247 |
Regular Reserve | 0 |
Other Reserves | -694,321 |
Undivided Earnings | 41,352,944 |
TOTAL EQUITY | 40,658,623 |
TOTAL LIABILITIES, SHARES, & EQUITY | 334,765,870 |
INCOME & EXPENSE | |
Loan Income | 12,438,605 |
Investment Income | 2,451,215 |
Other Income | 2,074,751 |
Total Employee Compensation & Benefits | 5,669,638 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,919,644 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,159,357 |
Cost of Funds | 3,569,995 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,101,471 |
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» See also Statement of Financial Condition