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COMMUNITY FOCUS FEDERAL CREDIT UNION

Mar, 31, 2021 — COMMUNITY FOCUS FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNSTOWN, MI with 2 branch locations and about $69.28 million in total assets. Opened 61 years ago in 1960, COMMUNITY FOCUS FEDERAL CREDIT UNION has about 5,165 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COMMUNITY FOCUS FEDERAL CREDIT UNION
Address:
(Main Office)
18925 TELEGRAPH RD
BROWNSTOWN, MI 48174-9546
Phone:(734) 281-3900
Fax:(734) 281-2364
Website:http://www.communityfocusfcu.org
Branches:2 branch locations
Members:5,165
Credit Union Type:Federal Credit Union
Charter Number:14098
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$69,283,653
CEO/Manager:Lynne M Boucher
Chairperson:Harry Roesch

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,834,819
TOTAL INVESTMENTS 35,059,177
Loans Held for Sale 0
 
 Real Estate Loans 7,061,153
 Unsecured Loans 4,050,949
 Other Loans 13,895,464
 TOTAL LOANS 25,007,566
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -636,368
 Land And Building 2,026,324
 Other Fixed Assets 113,862
 NCUSIF Deposit 528,033
 All Other Assets 350,240
  TOTAL ASSETS 69,283,653
LIABILITIES & CAPITAL:  
 Dividends Payable 25,347
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,139,252
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,210,610
 Regular shares 29,411,870
 All Other Shares & Deposits 17,084,660
  TOTAL SHARES & DEPOSITS 58,707,140
  TOTAL LIABILITIES 59,871,739
 Regular Reserve 1,217,357
 Other Reserves 30,326
 Undivided Earnings 8,164,231
  TOTAL EQUITY 9,411,914
  TOTAL LIABILITIES, SHARES, & EQUITY 69,283,653
INCOME & EXPENSE  
 Loan Income 457,635
 Investment Income 145,582
 Other Income 112,072
 Total Employee Compensation & Benefits 194,002
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 335,229
 Non-operating Income & (Expense) -1
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 136,822
 Cost of Funds 23,773
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 130,530
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