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9637 N Greenville
Lakeview, MI 48850

Community First Credit Union is headquartered in Lakeview and is the 198th largest credit union in the state of Michigan. It is also the 3,309th largest credit union in the nation. It was established in 1985 and as of December of 2013, it had grown to 8 employees and 5,977 members. Community First Credit Union has a B health rating.

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Health

Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Community First Credit Union had $103,000 in non-current loans and owned real-estate with $1.51 million in equity and loan loss allowances on hand to cover it. This gives Community First Credit Union a Texas Ratio of 6.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Community First Credit Union experienced no significant changes from 5.65% as of December 31, 2012 to 6.81% as of December 31, 2013, resulting in a negative change of 20.51%. This indicates that the balance sheet and financial strength for Community First Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Community First Credit Union has increased its total deposits by $1.05 million, resulting in 5.32% 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 $23.24 million in assets with $1.51 million in equity, resulting in a capitalization level of 6.50%, which is below average.

Institution Statistics

Overall
NCUA #24199
Year Chartered1985
Employees8
Primary Regulator
Assets and Liabilities
Assets$23.25 million
Loans$18.96 million
Deposits$20.84 million
Equity Capital$1.42 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Historic Data - December 2012
Assets$21.49 million
Equity Capital$1.20 million
Loan Loss Allowance$59,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.67%
Return on Assets0.96%
Return on Equity15.69%
Interest Income$958,000
Rates

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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