Dec, 31, 2023 — FOCUS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 1 branch location and about $12.87 million in total assets. Opened 69 years ago in 1955, FOCUS FIRST FEDERAL CREDIT UNION has about 1,033 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOCUS FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2113 Chili Ave ROCHESTER, NY 14624 |
| Phone: | (585) 458-9220 |
| Fax: | (585) 458-4771 |
| Website: | https://www.focusfirstfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,033 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10220 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,872,434 |
| CEO/Manager: | Scott Neal |
| Chairperson: | lloyd hogle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 973,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 956,126 |
| Unsecured Loans | 393,543 |
| Other Loans | 1,326,961 |
| TOTAL LOANS | 2,676,630 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,724 |
| Land And Building | 1,672,151 |
| Other Fixed Assets | 11,883 |
| NCUSIF Deposit | 72,397 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,872,434 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,549 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 697,935 |
| Regular shares | 3,463,183 |
| All Other Shares & Deposits | 3,581,456 |
| TOTAL SHARES & DEPOSITS | 7,742,575 |
| TOTAL LIABILITIES | 7,747,124 |
| Regular Reserve | 0 |
| Other Reserves | 4,678,789 |
| Undivided Earnings | 446,521 |
| TOTAL EQUITY | 5,125,310 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,872,434 |
| INCOME & EXPENSE | |
| Loan Income | 168,551 |
| Investment Income | 141,018 |
| Other Income | 22,929 |
| Total Employee Compensation & Benefits | 259,944 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 310,910 |
| Non-operating Income & (Expense) | 7,281 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 87,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -318,124 |
| ↑ Back to Top | |