D
City of Fairmont Federal Credit Union
Rating Date
May 2024
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Major Rating Factors: A current level of 68.5 percent of nonperforming loans to core capital combined with 57.7 percent from a year earlier contributes to the Very Weak asset quality (0.0). Operating profits as a percentage of assets at 0.0%, coupled with a return on assets of 0.0 has resulted in Very Weak (0.1) profitability.
Other Rating Factors: Fair liquidity 3.8, driven by a liquidity ratio of 5.3 percent and a “hot money” ratio of 0.0 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix: Consumer loans (75%), other (25%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
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Hot Money
Corporate Info
Address
500 Quincy Street
Fairmont, WV 26554
Phone Number
(304) 366-9280x449
NCUA Charter Number
Website
Weiss Ratings