Dec, 31, 2023 — COMMUNITY FIRST FUND CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 1 branch location and about $6.76 million in total assets. Opened 3 years ago in 2021, COMMUNITY FIRST FUND CREDIT UNION has about 611 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY FIRST FUND CREDIT UNION |
|---|---|
| Address: (Main Office) | 51 S Duke St LANCASTER, PA 17602-3573 |
| Phone: | (717) 393-2381 |
| Fax: | (717) 393-1757 |
| Website: | https://www.communityfirst.org |
| Branches: | 1 branch locations |
| Members: | 611 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24928 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2021 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,755,259 |
| CEO/Manager: | Daniel Betancourt |
| Chairperson: | Pedro A Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,050,245 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 634,114 |
| Unsecured Loans | 363,038 |
| Other Loans | 360,256 |
| TOTAL LOANS | 1,357,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,300 |
| Land And Building | 0 |
| Other Fixed Assets | 70,712 |
| NCUSIF Deposit | 6,042 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,755,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 384,975 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,405,849 |
| Regular shares | 378,893 |
| All Other Shares & Deposits | 666,312 |
| TOTAL SHARES & DEPOSITS | 2,451,054 |
| TOTAL LIABILITIES | 2,836,029 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,919,230 |
| TOTAL EQUITY | 3,919,230 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,755,259 |
| INCOME & EXPENSE | |
| Loan Income | 50,279 |
| Investment Income | 159,487 |
| Other Income | 8,152 |
| Total Employee Compensation & Benefits | 809,706 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 874,218 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,700 |
| Cost of Funds | 9,684 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,731,811 |
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