2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 3439
Date Established 1939
Assets $365.58 million
Loans $264.11 million
Deposits $327.25 million
Capital $35.14 million

Fairmont is an NCUA insured institution located in Fairmont, WV. It was founded in 1939 and has approximately $365.58 millions in assets.

Who can join?

Eligibility Requirements

In Marion, Monongalia, Harrison and Taylor counties:
Persons who live, work, worship volunteer or go to school in, and businesses and other legal entities located within these counties.

In Preston County:
Employees of Valley Health Care

Immediate Family Eligibility Requirements
Anyone in the immediate family of an eligible member may join a Credit Union even if the eligible member does not join. Immediate family members include: spouse, parent, child, sibling, grandparent and grandchild. Adoptive and step-relationships are also included in the definition.

Household Eligibility Requirements
People living in the same residence or maintaining a single economic unit with an eligible member may join only if the eligible member actually belongs to the Credit Union. Household members include domestic partners, roommates, family members and legal guardian relationships. The definition excludes temporary residents and residents of boarding houses, frat houses and condominium complexes. Once a member joins the Credit Union, regardless of what category made them eligible for membership, their immediate families and their households also become eligible to join.

Field of Membership Restrictions

Membership is open to those who live or work in Marion, Monongalia, Harrison and Taylor Counties and several select employee groups (SEGs) in Preston County of West Virginia.

Deposit Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $2,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.15% $500 $99,999 Learn MoreShow Less
6 Mo CD
0.15% $500 $99,999 Learn MoreShow Less
1.75% $500 $99,999 Learn MoreShow Less
Special: 17 Mo CD
2.00% $10,000 - Learn MoreShow Less
24 Mo CD
1.25% $500 $99,999 Learn MoreShow Less
Special: 35 Mo CD
2.25% $1,500 - Learn MoreShow Less
48 Mo CD
0.75% $1,500 $99,999 Learn MoreShow Less
60 Mo CD
1.00% $1,500 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $10,000 Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FAIRMONT

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Hamilton National Mortgage Co.
NMLS ID: 122701
3.632% 3.625% 0.13 $212 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.414% 3.375% 0.50 $1,238 $1,106 Learn More
First Internet Bank
NMLS ID: 424182
3.641% 3.625% 0.25 $502 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to FAIRMONT
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Fairmont branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Fairmont Locations


Financial Details

Fairmont Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fairmont. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Fairmont U.S. Average
21.56% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Fairmont had $7,610,726 in non-current loans and $90,670 in owned assets. To cover these potential losses it had $35,135,487 in net worth and $578,449 in loans loss reserves. That gives it a Texas Ratio of 21.56%.

Net Worth
Fairmont U.S. Average
9.95% 13.47%

Fairmont FCU has a net worth of 9.95% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Fairmont

Branches and Savings

What is Fairmont?

A federal credit union, registered with the NCUA under certificate #3439.
Learn more about credit unions here.

Is Fairmont FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Fairmont?

Please see Field of Membership information above for information on who is eligible to join.

What are Fairmont's share account and share certificate rates?

Fairmont's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Fairmont?

Fairmont has total capital of $35.14 million. Full information on Fairmont's financial position is located above.

Who owns Fairmont?

Credit Unions are owned by their members.

Where are Fairmont branches located?

See branch locations nearby.

Are Fairmont ATMs Open 24/7?

Do Fairmont ATMs accept cash deposits?

Can Fairmont customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Fairmont have a mobile app?

Does Fairmont have mobile deposit?

Does Fairmont have quick pay?

How can Fairmont transfer money to other banks or credit unions?

Does Fairmont report to credit bureaus?

Does Fairmont use Chexsystems?

Does Fairmont use Equifax?

What is Fairmont's toll free phone number?

What is Fairmont's ACH Routing Number?

What is Fairmont's SWIFT code?

Where can I find Fairmont's wire transfer form?

What is the Fairmont address for deposits?

What Products Does Fairmont Offer

Does Fairmont offer mortgages?

Compare mortgage rates here.

Does Fairmont offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fairmont offer auto and RV loans?

Compare auto loan rates here.

Does Fairmont offer student loans or personal loans?

Compare personal loan rates here.

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