Fairmont Federal Credit Union

401 Tenth Street
Fairmont, WV 26554
304-363-5320
www.fairmontfcu.com

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Fairmont Federal Credit Union is headquartered in Fairmont and is the 3^rd largest credit union in the state of West Virginia. It is also the 706^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 122 employees and 37,907 members. Fairmont Federal Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Fairmont Federal Credit Union Routing Number: 251578844

4.01% Reward Checking Account at Fairmont Federal Credit Union in West Virginia - 2/12/2009

Update 11/09/09: The top rate has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.Fairmont FCU is offering a rewards checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Fairmont Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.45%	$250k	-	Basic Business Checking
0.45%	$250k	-	Business Checking II
0.45%	$250k	-	Business Checking Exempt
0.35%	$2k	-	Priority Choice Checking

Fairmont Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.75%	-	-	IRA Traditional Club
0.75%	-	-	IRA Roth Club
0.75%	-	-	IRA Education Club
0.15%	$50	-	Share Savings
0.15%	-	-	Christmas Club
0.15%	-	-	Other Clubs
0.10%	$50	-	Business Share Savings

Fairmont Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.60%	$100k	-	E-Z Money Manager

Fairmont Federal Credit Union CD Rates

Apy	Min	Max	Product
1.25%	$1,500	-	60 Month Premier Share Draft Membership Certificate
1.25%	$100k	-	60 Month Jumbo Certificate
1.00%	$1,500	-	60 Month Basic Certificate
1.00%	$1,500	-	48 Month Premier Share Draft Membership Certificate
1.00%	$100k	-	48 Month Jumbo Certificate
0.75%	$1,500	-	48 Month Basic Certificate
0.75%	$1,500	-	15 Month Premier Share Draft Membership Certificate
0.75%	$100k	-	15 Months Jumbo Certificate
0.65%	$1,500	-	24 Month Premier Share Draft Membership Certificate
0.50%	$1,500	-	15 Months Basic Certificate
0.50%	$500	-	12 Month Premier Share Draft Membership Certificate
0.50%	$100k	-	12 Month Jumbo Certificate
0.40%	$1,500	-	24 Month Basic Certificate
0.40%	$500	-	3 - 5 Months Premier Share Draft Membership Certificate
0.40%	$500	-	6 - 11 Months Premier Share Draft Membership Certificate
0.40%	$100k	-	3 - 5 Months Jumbo Certificate
0.40%	$100k	-	6 - 11 Months Jumbo Certificate
0.40%	$100k	-	24 Month Jumbo Certificate
0.25%	$500	-	12 Month Basic Certificate
0.15%	$500	-	3 - 5 Months Basic Certificate
0.15%	$500	-	6 - 11 Months Basic Certificate

Fairmont Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	$2k	-	48 Month Roth IRA Premier Share Draft Membership Certificates
1.75%	$2k	-	48 Month Traditional IRA Premier Share Draft Membership Certificates
1.75%	$2k	-	48 Month Roth IRA Jumbo Certificates
1.75%	$2k	-	48 Month Traditional IRA Jumbo Certificates
1.75%	$2k	-	48 Month Education IRA Jumbo Certificates
1.75%	$2k	-	48 Month Education IRA Premier Share Draft Membership Certificates
1.50%	$2k	-	48 Month Traditional IRA Basic Certificates
1.50%	$2k	-	48 Month Roth IRA Basic Certificates
1.50%	$2k	-	48 Month Education IRA Basic Certificates
1.15%	$2k	-	36 Month Roth IRA Premier Share Draft Membership Certificates
1.15%	$2k	-	36 Month Traditional IRA Premier Share Draft Membership Certificates
1.15%	$2k	-	36 Month Roth IRA Jumbo Certificates
1.15%	$2k	-	36 Month Traditional IRA Jumbo Certificates
1.15%	$2k	-	36 Month Education IRA Jumbo Certificates
1.15%	$2k	-	36 Month Education IRA Premier Share Draft Membership Certificates
1.00%	$2k	-	12 Month Roth IRA Premier Share Draft Membership Certificates
1.00%	$2k	-	12 Month Traditional IRA Premier Share Draft Membership Certificates
1.00%	$2k	-	12 Month Roth IRA Jumbo Certificates
1.00%	$2k	-	12 Month Traditional IRA Jumbo Certificates
1.00%	$2k	-	12 Month Education IRA Jumbo Certificates
1.00%	$2k	-	12 Month Education IRA Premier Share Draft Membership Certificates
0.90%	$2k	-	36 Month Traditional IRA Basic Certificates
0.90%	$2k	-	36 Month Roth IRA Basic Certificates
0.90%	$2k	-	36 Month Education IRA Basic Certificates
0.75%	$2k	-	12 Month Traditional IRA Basic Certificates
0.75%	$2k	-	12 Month Roth IRA Basic Certificates
0.75%	$2k	-	12 Month Education IRA Basic Certificates

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

FAIRMONT
NCUA #	3439
BankRate Report	View
Year Chartered	1939
Employees	122
Primary Regulator
Assets and Liabilities
Assets	$262.21 million
Loans	$179.45 million
Deposits	$238.01 million
Equity Capital	$20.22 million
Loan Loss Allowance	$589,000
Unbacked Noncurrent Loans	$850,000
Real Estate Owned	$82,000
Historic Data - December 2010
Assets	$241.39 million
Equity Capital	$17.63 million
Loan Loss Allowance	$532,000
Unbacked Noncurrent Loans	$48,000
Real Estate Owned	$313,000
Profit Margin - Quarterly
Net Interest Margin	4.31%
Return on Assets	0.57%
Return on Equity	7.43%
Interest Income	$9.83 million
Non-Interest Income	$5.26 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Fairmont Federal Credit Union had $932,000 in non-current loans and owned real-estate with $20.81 million in equity and loan loss allowances on hand to cover it. This gives Fairmont Federal Credit Union a Texas Ratio of 4.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Fairmont Federal Credit Union held steady from 1.99% as of December 31, 2010 to 4.48% as of December 31, 2011, resulting in a negative change of 125.33%. This indicates that the balance sheet and financial strength for Fairmont Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Fairmont Federal Credit Union has increased its total deposits by $17.78 million, resulting in 8.07% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Fairmont Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Fairmont Federal Credit Union has $262.21 million in assets with $20.81 million in equity, resulting in a capitalization level of 7.94%, which is below average.