Dec, 31, 2023 — COMMUNITY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in ASHTABULA, OH with 2 branch locations and about $93.01 million in total assets. Opened 69 years ago in 1955, COMMUNITY FIRST CREDIT UNION has about 5,210 members and employs 17 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 2043 E Prospect Rd ASHTABULA, OH 44004 |
| Phone: | (440) 997-5919 |
| Fax: | (440) 992-6244 |
| Website: | https://www.cfcua.com |
| Branches: | 2 branch locations |
| Members: | 5,210 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61094 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $93,008,740 |
| CEO/Manager: | Mark DeGeorge |
| Chairperson: | Michael Fitchet |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,355,898 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,458,586 |
| Unsecured Loans | 2,982,584 |
| Other Loans | 15,080,011 |
| TOTAL LOANS | 40,521,184 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -236,311 |
| Land And Building | 789,871 |
| Other Fixed Assets | 144,576 |
| NCUSIF Deposit | 822,674 |
| All Other Assets | 13,888 |
| TOTAL ASSETS | 93,008,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,127,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,732,313 |
| Regular shares | 39,065,827 |
| All Other Shares & Deposits | 28,297,895 |
| TOTAL SHARES & DEPOSITS | 80,096,035 |
| TOTAL LIABILITIES | 81,223,106 |
| Regular Reserve | 0 |
| Other Reserves | -423,962 |
| Undivided Earnings | 12,209,596 |
| TOTAL EQUITY | 11,785,634 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,008,740 |
| INCOME & EXPENSE | |
| Loan Income | 2,018,150 |
| Investment Income | 922,326 |
| Other Income | 458,862 |
| Total Employee Compensation & Benefits | 1,195,550 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,624,770 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,390 |
| Cost of Funds | 444,420 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,686 |
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