Overview / Commentary
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
Health
B+
Data as of Q2 2023
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, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10220 |
| Year Chartered | 1955 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2% |
| Return on Equity - YTD | -4.84% |
| Annual Interest Income | $143.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $13.0MM$12.6MM |
| Loans | Q2 2023vs Q2 2022 | $2.6MM$3.2MM |
| Deposits | Q2 2023vs Q2 2022 | $7.7MM$7.0MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.3MM$5.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$23.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $7.00K$10.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |