Overview / Commentary
Focus First Federal Credit Union is headquartered in Rochester and is the 207th largest credit union in the state of New York. It is also the 3,522nd largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 3 employees and 962 members at 1 location. Focus First Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Focus First Federal Credit Union is open to those who live, work, worship, volunteer, or attend school within the geographic boundaries of Monroe County, New York. Employees and retirees of Valeo Wiper, Rochester, NY and Retirees of Delco Products and ITT are also eligible for membership.
See current membership details
Health
B
Data as of Q4 2024
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. Focus First Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10220 |
| Year Chartered | 1955 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.54% |
| Return on Equity - YTD | -3.96% |
| Annual Interest Income | $426K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $12.4MM$12.9MM |
| Loans | Q4 2024vs Q4 2023 | $2.1MM$2.7MM |
| Deposits | Q4 2024vs Q4 2023 | $7.5MM$7.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $4.9MM$5.1MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $58K$56K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $10K$5K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |