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 December of 2021, it had grown to 291 employees and 83,565 members at 14 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 Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68631 |
| Year Chartered | 1951 |
| Employees | 291 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 8.71% |
| Annual Interest Income | $45.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.25B$1.16B |
| Loans | Q4 2021vs Q4 2020 | $1.13B$1.03B |
| Deposits | Q4 2021vs Q4 2020 | $1.10B$975.3MM |
| Equity Capital | Q4 2021vs Q4 2020 | $142.3MM$130.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $4.0MM$4.7MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $3.7MM$5.6MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$91.00K |
