Focus First Federal Credit Union


Overview / Commentary
585-458-9220
1546 Lyell Avenue
Rochester, NY 14606

Focus First Federal Credit Union is headquartered in Rochester and is the 212th largest credit union in the state of New York. It is also the 3,642nd largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 3 employees and 1,084 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

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Health
B+
Additional 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, and a negative return on assets.

Health Grade Components

Overall
NCUA #10220
Year Chartered1955
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-2%
Return on Equity - YTD-4.84%
Annual Interest Income$143.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$13.0MM$12.6MM
LoansQ2 2023vs Q2 2022$2.6MM$3.2MM
DepositsQ2 2023vs Q2 2022$7.7MM$7.0MM
Equity CapitalQ2 2023vs Q2 2022$5.3MM$5.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$23.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$7.00K$10.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Rates for Focus First Federal Credit Union are currently being reviewed.

Locations


Focus First Federal Credit Union Locations
Corporate Office2113 Chili AveRochester, NY 14624

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