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COMMUNITY FOCUS FEDERAL CREDIT UNION

Dec, 31, 2020 — COMMUNITY FOCUS FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNSTOWN, MI with 2 branch locations and about $64.66 million in total assets. Opened 61 years ago in 1960, COMMUNITY FOCUS FEDERAL CREDIT UNION has about 5,176 members and employs 15 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:5,176
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:$64,661,446
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 5,376,722
TOTAL INVESTMENTS 31,351,922
Loans Held for Sale 0
 
 Real Estate Loans 7,673,659
 Unsecured Loans 4,394,745
 Other Loans 13,481,399
 TOTAL LOANS 25,549,803
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -645,926
 Land And Building 2,032,465
 Other Fixed Assets 123,641
 NCUSIF Deposit 528,033
 All Other Assets 344,786
  TOTAL ASSETS 64,661,446
LIABILITIES & CAPITAL:  
 Dividends Payable 32,257
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 967,708
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,923,939
 Regular shares 27,091,690
 All Other Shares & Deposits 16,353,565
  TOTAL SHARES & DEPOSITS 54,369,194
  TOTAL LIABILITIES 55,369,159
 Regular Reserve 1,217,357
 Other Reserves 41,230
 Undivided Earnings 8,033,700
  TOTAL EQUITY 9,292,287
  TOTAL LIABILITIES, SHARES, & EQUITY 64,661,446
INCOME & EXPENSE  
 Loan Income 1,898,764
 Investment Income 646,475
 Other Income 883,243
 Total Employee Compensation & Benefits 981,211
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,380,297
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 629,708
 Cost of Funds 132,105
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 305,161
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