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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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