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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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