Mar, 31, 2021 — FOCUS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 0 branch location and about $13.07 million in total assets. Opened 66 years ago in 1955, FOCUS FIRST FEDERAL CREDIT UNION has about 1,257 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: | 1,257 |
| 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: | $13,072,145 |
| CEO/Manager: | Scott E Neal |
| Chairperson: | lloyd hogle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,427,672 |
| TOTAL INVESTMENTS | 6,677,125 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 665,750 |
| Unsecured Loans | 818,971 |
| Other Loans | 3,086,629 |
| TOTAL LOANS | 4,571,350 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,831 |
| Land And Building | 150,000 |
| Other Fixed Assets | 21,738 |
| NCUSIF Deposit | 75,430 |
| All Other Assets | 186,661 |
| TOTAL ASSETS | 13,072,145 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 632,738 |
| Regular shares | 3,617,017 |
| All Other Shares & Deposits | 2,986,404 |
| TOTAL SHARES & DEPOSITS | 7,236,159 |
| TOTAL LIABILITIES | 7,241,394 |
| Regular Reserve | 611,156 |
| Other Reserves | 4,678,789 |
| Undivided Earnings | 540,806 |
| TOTAL EQUITY | 5,830,751 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,072,145 |
| INCOME & EXPENSE | |
| Loan Income | 42,419 |
| Investment Income | 13,683 |
| Other Income | 9,229 |
| Total Employee Compensation & Benefits | 59,250 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,287 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,341 |
| Cost of Funds | 10,203 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -66,887 |
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