Community Financial Credit Union (MI)
Overview / Commentary
Community Financial Credit Union (MI) is headquartered in PLYMOUTH and is the 17th largest credit union in the state of Michigan. It is also the 341st largest credit union in the nation. It was established in 1951 and as of March of 2022, it had grown to 304 employees and 84,531 members at 15 locations. Community Financial Credit Union (MI) has an A+ health rating.
Field of Membership Restrictions
Membership in Community Financial is open to anyone (including business and legal entities) who lives, works, worships or attends school within the state of Michigan. Immediate family are also eligible.
See current membership details
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Health
A+
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68631 |
| Year Chartered | 1951 |
| Employees | 304 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 6.82% |
| Annual Interest Income | $11.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $1.28B$1.20B |
| Loans | Q1 2022vs Q1 2021 | $1.16B$1.06B |
| Deposits | Q1 2022vs Q1 2021 | $1.12B$1.05B |
| Equity Capital | Q1 2022vs Q1 2021 | $143.6MM$131.8MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $4.1MM$4.8MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $3.8MM$3.8MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$91.00K |
