Community First Federal Credit Union
Overview / Commentary
Community First Federal Credit Union is headquartered in Lakeview and is the 111th largest credit union in the state of Michigan. It is also the 1,720th largest credit union in the nation. It was established in 1985 and as of September of 2022, it had grown to 55 employees and 12,074 members at 4 locations. Community First Federal Credit Union has a B health rating.
Health
B
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24199 |
| Year Chartered | 1985 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 14.55% |
| Annual Interest Income | $4.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $113.3MM$98.1MM |
| Loans | Q3 2022vs Q3 2021 | $101.7MM$75.1MM |
| Deposits | Q3 2022vs Q3 2021 | $105.2MM$91.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $7.3MM$6.3MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $233.00K$266.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.1MM$772.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |