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 |
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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 |
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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 |
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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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