Overview / Commentary
Fairmont Village Credit Union is headquartered in Fairmont City and is the 201st largest credit union in the state of Illinois. It is also the 4,954th largest credit union in the nation. It was established in 1937 and as of September of 2019, it had grown to 2 employees and 477 members at 1 location. Fairmont Village Credit Union has a B health rating.
Field of Membership Restrictions
Fairmont Village Credit Union of Illinois is open to the residents and the people that maintain employment in Fairmont City, as well as the employees of CSX and Amtrak Transportation services.
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Health
B
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Fairmont Village Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64460 |
| Year Chartered | 1937 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 5.47% |
| Annual Interest Income | $90.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $2.1MM$1.9MM |
| Loans | Q3 2019vs Q3 2018 | $1.1MM$1.0MM |
| Deposits | Q3 2019vs Q3 2018 | $1.7MM$1.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $341.00K$325.00K |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $14.00K$13.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $17.00K$21.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |