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 |
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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 |
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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: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,872,434 |
CEO/Manager: | Scott Neal |
Chairperson: | lloyd hogle |
ASSETS: | $ Amount |
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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 |
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