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Community First Credit Union

Community First Credit Union
Overview / Commentary
9637 N Greenville Rd
Lakeview, MI 48850-9107

Community First Credit Union is headquartered in Lakeview and is the 194th largest credit union in the state of Michigan. It is also the 3,274th largest credit union in the nation. It was established in 1985 and as of March of 2014, it had grown to 8 employees and 6,618 members. Community First Credit Union has a B health rating.

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Community First Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Community First Credit Union had $71,000 in non-current loans and owned real-estate with $1.6 million in equity and loan loss allowances on hand to cover it. This gives Community First Credit Union a Texas Ratio of 4.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Community First Credit Union decreased slightly from 5.74% as of March 31, 2013 to 4.44% as of March 31, 2014, resulting in a positive change of 22.57%.This indicates that the balance sheet and financial strength for Community First Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Community First Credit Union has increased its total deposits by $1.48 million, resulting in 7.18% 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 Community First Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Community First Credit Union has $24.27 million in assets with $1.6 million in equity, resulting in a capitalization level of 6.59%, which is below average.

Institution Statistics

Overall
NCUA #24199
Year Chartered1985
Employees8
Primary Regulator
Assets and Liabilities
Assets$24.27 million
Loans$19.98 million
Deposits$22.11 million
Equity Capital$1.51 million
Loan Loss Allowance$92,000
Unbacked Noncurrent Loans$71,000
Real Estate Owned$0
Historic Data - March 2013
Assets$22.14 million
Equity Capital$1.24 million
Loan Loss Allowance$66,000
Unbacked Noncurrent Loans$71,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.29%
Return on Assets1.4%
Return on Equity22.58%
Interest Income$274,000
Rates

Sorry, we do not have rate data for Community First Credit Union

Locations


Community First Credit Union Locations
Branch Office110 S A StTrufant, MI 49347-5114
Branch Office837 W Shaw St Bldg BHoward City, MI 49329
Branch Office9637 N Greenville RdLakeview, MI 48850-9107