Dec, 31, 2023 — COMMUNITY FOCUS FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNSTOWN, MI with 2 branch locations and about $68.63 million in total assets. Opened 64 years ago in 1960, COMMUNITY FOCUS FEDERAL CREDIT UNION has about 4,815 members and employs 16 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 |
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Address: (Main Office) | 18925 Telegraph Rd BROWNSTOWN, MI 48174-9546 |
Phone: | (734) 281-3900 |
Fax: | (734) 281-2364 |
Website: | https://www.communityfocusfcu.org |
Branches: | 2 branch locations |
Members: | 4,815 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14098 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $68,634,758 |
CEO/Manager: | Andrew Gregoire |
Chairperson: | Harry Roesch |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,809,996 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 127,187 |
Real Estate Loans | 6,219,885 |
Unsecured Loans | 3,925,302 |
Other Loans | 23,489,449 |
TOTAL LOANS | 33,634,636 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -674,898 |
Land And Building | 1,955,731 |
Other Fixed Assets | 83,002 |
NCUSIF Deposit | 564,805 |
All Other Assets | 0 |
TOTAL ASSETS | 68,634,758 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 348,528 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 706,651 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,422,619 |
Regular shares | 24,475,931 |
All Other Shares & Deposits | 22,967,034 |
TOTAL SHARES & DEPOSITS | 57,865,584 |
TOTAL LIABILITIES | 58,924,666 |
Regular Reserve | 0 |
Other Reserves | -312,660 |
Undivided Earnings | 10,022,752 |
TOTAL EQUITY | 9,710,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 68,634,758 |
INCOME & EXPENSE | |
Loan Income | 1,845,736 |
Investment Income | 542,520 |
Other Income | 446,893 |
Total Employee Compensation & Benefits | 659,345 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,810,181 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 333,283 |
Cost of Funds | 533,631 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 247,142 |
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