Dec, 31, 2020 — FOCUS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 0 branch location and about $13.08 million in total assets. Opened 66 years ago in 1955, FOCUS FIRST FEDERAL CREDIT UNION has about 1,271 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 |
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Address: (Main Office) | 1546 LYELL AVENUE ROCHESTER, NY 14606-2122 |
Phone: | (585) 458-9220 |
Fax: | (585) 458-4771 |
Website: | http://www.focusfirstfcu.org |
Branches: | 0 branch locations |
Members: | 1,271 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10220 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Nov 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,081,906 |
CEO/Manager: | Scott E Neal |
Chairperson: | lloyd hogle |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,517,955 |
TOTAL INVESTMENTS | 6,535,125 |
Loans Held for Sale | 0 |
Real Estate Loans | 646,698 |
Unsecured Loans | 520,426 |
Other Loans | 3,465,742 |
TOTAL LOANS | 4,632,866 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,057 |
Land And Building | 150,000 |
Other Fixed Assets | 22,867 |
NCUSIF Deposit | 75,430 |
All Other Assets | 186,720 |
TOTAL ASSETS | 13,081,906 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,674 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 615,338 |
Regular shares | 3,427,152 |
All Other Shares & Deposits | 3,122,103 |
TOTAL SHARES & DEPOSITS | 7,164,593 |
TOTAL LIABILITIES | 7,184,267 |
Regular Reserve | 611,156 |
Other Reserves | 4,678,789 |
Undivided Earnings | 607,694 |
TOTAL EQUITY | 5,897,639 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,081,906 |
INCOME & EXPENSE | |
Loan Income | 199,999 |
Investment Income | 101,463 |
Other Income | 41,112 |
Total Employee Compensation & Benefits | 249,028 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 237,095 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,818 |
Cost of Funds | 81,825 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -242,192 |
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