Community First Credit Union

Community First Credit Union Locations
9637 N Greenville
Lakeview, MI 48850
www.cffcu.biz

Community First Credit Union is headquartered in Lakeview and is the 228th largest credit union in the state of Michigan. It is also the 3,813st largest credit union in the nation. It was established in 1985 and as of December of 2011, it had grown to 7 employees and 4,738 members. Community First Credit Union has a 4-star health rating.

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5.55% 7-Month CD at a Florida CU (Community First) - 10/19/2007

Community First Credit Union is offering a special 5.55% APY 7-month certificate of deposit. The minimum deposit is $500, and the maximum deosit is $100,000. The early withdrawal penalty is 180 days of interest.The credit union still has some very...

5.76% 60-Month / 5.56% 36-Month CD at a Florida CU (Community First) - 9/5/2007

Community First Credit Union has some competitive rates on its long term certificates of deposit. The highest yield is 5.76% APY on a 60-month term and a $100k minimum deposit. A $45k minimum deposit has a yield of 5.71% APY and a $500 minimum has a...


Data for Q4 2011


Institution Statistics


COMMUNITY FIRST
NCUA #24199
BankRate ReportView
Year Chartered1985
Employees7
Primary Regulator

Assets and Liabilities

Assets$16.99 million
Loans$11.66 million
Deposits$15.72 million
Equity Capital$1.11 million
Loan Loss Allowance$82,000
Unbacked Noncurrent Loans$109,000

Historic Data - December 2010

Assets$14.74 million
Equity Capital$1.04 million
Loan Loss Allowance$64,000
Unbacked Noncurrent Loans$87,000

Profit Margin - Quarterly

Net Interest Margin5.35%
Return on Assets0.41%
Return on Equity6.22%
Interest Income$729,000
Non-Interest Income$411,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2011 Community First Credit Union had $109,000 in non-current loans and owned real-estate with $1.19 million in equity and loan loss allowances on hand to cover it. This gives Community First Credit Union a Texas Ratio of 9.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Community First Credit Union held steady from 7.88% as of December 31, 2010 to 9.14% as of December 31, 2011, resulting in a negative change of 16.04%. This indicates that the balance sheet and financial strength for Community First Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Community First Credit Union has increased its total deposits by $2.1 million, resulting in 15.42% 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.
Capitalization2
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 $16.99 million in assets with $1.19 million in equity, resulting in a capitalization level of 7.02%, which is below average.
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