Community First Federal Credit Union
LOCATIONS
4
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HEALTH RATING
B
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CURRENT TOP RATE
0.50% APY
36 Month CD
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Overview / Commentary
Community First Federal Credit Union is headquartered in Lakeview and is the 120th largest credit union in the state of Michigan. It is also the 1,935th largest credit union in the nation. It was established in 1985 and as of June of 2020, it had grown to 35 employees and 10,256 members at 4 locations. Community First Federal Credit Union has a B health rating.
Health
B
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Community First Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24199 |
| Year Chartered | 1985 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 11.55% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $80.8MM$65.7MM |
| Loans | Q2 2020vs Q2 2019 | $61.2MM$61.9MM |
| Deposits | Q2 2020vs Q2 2019 | $75.3MM$60.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $5.1MM$4.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $363.00K$390.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $762.00K$936.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $65.00K$0 |