Community First Federal Credit Union

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A short history of Community First FCU

Since its inception in 1985 the Community First Federal Credit Union has been serving its members in the LAKEVIEW, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Timothy Rasmussen, the Community First FCU has grown its membership to over 8,706 with assets of more than $51,248,673. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (989) 352-6031 or email them at Trasmussen@cmsinter.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LAKEVIEW, MI.

General Information For Community First FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24199
Address 9637 N GREENVILLE 
City LAKEVIEW 
State Michigan 
Zip-Code 48850
Phone Number (989) 352-6031
Fax Number (989) 352-6171
Email Address: Trasmussen@cmsinter.net
CEO/President Timothy Rasmussen
Members 8,706 
Full-Time Employees 15 
Part-Time Employees 19 
Number of Branch Offices
Total Assets 51,248,673 
Website http://cffcu.biz 

Compare Community First Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Montcalm Public Employees CU Montcalm Public Employees Credit Union 1157 E Main St 48829 (989) 427-5663 No 12.62
Isabella Community CU Isabella Community Credit Union 2400 S Isabella RD 48804 (989) 773-5927 No 28.67
Rogue River Community CU Rogue River Community Credit Union 485 S State St 49345 (616) 887-8262 No 29.86

Community First Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Community First Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.99 3.54 6.75 5.53 5.55
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 410 214 522 327 295
Rank Among All Michigan Credit Unions 72 66 113 93 66

Community First Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.10 0.75 0.10
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 134 216 283
Rank Among All Michigan Credit Unions 15 19 30 48 62
Community First Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.990288351,240
All Other Unsecured Loans/Lines of Credit 11.5101,3492,663,726
Short-Term, Small Amount Loans (STS) (Federal CU Only) 14.0008923,053
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.5401022,403,283
Used Vehicle Loans 6.7501,1689,327,933
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.53057427,762,141
Total Other Real Estate Loans/Lines of Credit 5.550541,034,834
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.6007125,167,048
TOTAL LOANS & LEASES 4,33648,733,258

Community First Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 156,500282,563,626
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 49324,106,989764,180,895
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 803,598,6527256,707
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 40783,921175,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 14250,91300
Open-End Fixed Rate 0000
TOTALS 62828,796,9751127,076,228

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Community First Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes