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Community First Credit Union Share
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Overview Share
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Community First Credit Union is a federal credit union based in Lakeview, Michigan. It has been opened since 1985, for 37 years.

With around $62,020,000 in assets, Community First Credit Union is considered to be a large credit union. It has 4 branches and 3 ATM locations.

About Share
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Address 9637 North Greenville
Lakeview, Michigan 48850
Website http://cffcu.biz
Phone (989) 352-6031
Fax (989) 352-6171
CEO Timothy G. Rasmussen
President of the Board Marilyn Faling
Services Offered
Score Card Share
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37 years
Years in business
Opened in 1985
Adequately Capitalized
Net worth classification
Source: NCUA
9,537 members
Membership type: Community credit union
Above average number of members
251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$62,020,563
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
14.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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4 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Community First Credit Union Branch Locations

Community First Credit Union: Howard City Branch
837 W. Shaw Street Building B.
Howard City, Michigan 49329
ATM Available
Community First Credit Union: Main Office
9637 North Greenville Road
Lakeview, Michigan 48850
ATM Available
Community First Credit Union: Trufant Branch
110 S. A. Street
Trufant, Michigan 49347
ATM Available
Members Share
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9,537 members
Membership type: Community credit union
Above average number of members

With 9,537 members, the Community First Credit Union is considered to be a large credit union. It is larger than 70% of credit unions.

Fees Share
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$117
Average fee per member
The average fee per member at the Community First Credit Union is $117, which is very high compared to most credit unions. This rate is higher than 90% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Community First Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
38 staff members
FTE (full-time equivalent)
27% of employees are part-time
32 full-time, 12 part-time

Community First Credit Union has 32 full-time staff members and 12 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 73% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Community First Credit Union has around 251 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$62,020,563
Total assets
Above average
Net worth Share
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Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$12,073
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 65% of credit unions.

Community First Credit Union holds a total of $57,760,000 in loans and leases, which is about $12,073 per member on average.

Savings interest rate Share
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Community First Credit Union pays 0.05%.

Loan rates Share
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14.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
14.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.49%
New car loan rate
Compared to 4.0% nationally
12.29%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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