Fairmont School Employees Federal Credit Union Fairmont, Minnesota
Fairmont School Employees Federal Credit Union is a federal credit union headquartered in Fairmont, MN, established in 1957 (NCUA charter 24612), and it is regulated and insured by the NCUA. At Q2 2026 it reported 544 members and total assets of $4.3M (up 6.1% from Q2 2025), the 75th largest of 79 credit unions headquartered in Minnesota. Its net worth ratio was 10.45% at Q2 2026, in the well capitalized band.
Also written as Fairmont School Employees FCU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 24612
- Headquarters
- Fairmont, MN
- Established
- 1957
- Total assets, Q2 2026
- $4.3M
- Assets vs Q2 2025
- +6.1%
- Members, Q2 2026
- 544
- Net worth ratio, Q2 2026
- 10.45%
- Latest call report
- Q2 2026, NCUA 5300 · Fairmont School Employees Federal Credit Union call report
- Asset rank in state
- 75th of 79 in Minnesota
- Routing number
- 291273918
- Branches
- 1
It has 23 more members than on June 30, 2025 (+4.4%). Its net worth ratio was down 0.01 percentage points from 10.46% on June 30, 2025. Used vehicle loans are its largest loan category, $2.1M of $3.3M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.98% is above the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 10.45% net worth ratio is below that band's 14.31% median.
Credit unions similar in size in Minnesota
Frequently asked about Fairmont School Employees Federal Credit Union
How big is Fairmont School Employees Federal Credit Union?
At Q2 2026 it reported total assets of $4.3M and 544 members.
Where is Fairmont School Employees Federal Credit Union headquartered?
It is headquartered in Fairmont, MN, United States.
When was Fairmont School Employees Federal Credit Union founded?
It was established in 1957, per NCUA records.
Is Fairmont School Employees Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 24612): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Fairmont School Employees Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Fairmont School Employees Federal Credit Union well capitalized?
Its net worth ratio was 10.45% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Fairmont School Employees Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.98% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Fairmont School Employees Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 85.60% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Fairmont, MN 56031
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1957
- NCUA Charter #
- 24612
- RSSD ID
- 268190
- Members
- 544
- Potential members
- 750
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 2 of 6 ranked measures and in the bottom quartile on 3.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 10.45% | 14.31% | 20th bottom |
| Return on assets Middle half of peers: 0.16% to 1.30% | 1.39% | 0.72% | 77th top |
| Return on equity Middle half of peers: 1.04% to 8.69% | 13.29% | 4.74% | over 90th top |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 2.20% | 3.93% | under 10th bottom |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | not on file | 79.83% | not on file |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 3.02% | 0.78% | under 10th bottom |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 0.98% | 0.86% | 47th below |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 5.22% | 4.70% | 71st position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 85.60% | 58.92% | 86th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$4.3M total assets against $4.0M; $3.8M total shares and deposits against $3.6M; $3.3M total loans against $3.3M.
$444K net worth against $419K.
10.45% net worth ratio against 10.46%.
85.60% loan-to-share ratio against 91.31%.
0.98% delinquency ratio against 1.93%.
1.39% return on assets against 0.43%; 13.29% return on equity against 4.13%.
2.20% net interest margin against 2.71%.
544 members against 521.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 10.45% | 1.39% | 0.98% | 85.60% |
| March 31, 2026 | 10.61% | -0.19% | 1.35% | 88.21% |
| December 31, 2025 | 10.89% | 0.06% | 2.77% | 86.45% |
| September 30, 2025 | 11.24% | 1.25% | 1.18% | 94.15% |
| June 30, 2025 | 10.46% | 0.43% | 1.93% | 91.31% |
| March 31, 2025 | 10.58% | 1.85% | 1.11% | 96.43% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.