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 119th largest credit union in the state of Michigan. It is also the 1,881st largest credit union in the nation. It was established in 1985 and as of June of 2021, it had grown to 44 employees and 11,041 members at 4 locations. Community First Federal Credit Union has a B+ health rating.
Health
B+
Data as of Q2 2021
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 | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 17.1% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $93.3MM$80.8MM |
| Loans | Q2 2021vs Q2 2020 | $71.2MM$61.2MM |
| Deposits | Q2 2021vs Q2 2020 | $86.8MM$75.3MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.0MM$5.1MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $303.00K$363.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $363.00K$762.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$65.00K |