2021 Overview
General Credit Union Information
Community Financial Members is an NCUA insured institution located in Plymouth, MI. It was founded in 1951 and has approximately $502.41 millions in assets.
Who can join?
Member ship includes anyone who lives, works, worships or attends school in any of the following 23 counties: Alcona, Alpena, Antrim, Charlevoix, Cheboygan, Crawford, Emmet, Genesee, Ingham, Jackson, Kalkaska, Lapeer, Lenawee, Livingston, Macomb, Monroe, Montmorency, Oakland, Oscoda, Otsego, Presque Isle, Washtenaw, and Wayne.
Membership is also available for businesses and other legal entities, or if you regularly conduct business, in these counties. Immediate family members such as a spouse, parent, child, sibling or grandparent, of someone who lives in our eligible communities are also eligible to join. Finally, anyone currently living in the same household with a member of Community Financial can also join.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 7275 |
| Date Established | 1951 |
| Assets | $502.41 million |
| Loans | $470.61 million |
| Deposits | $428.70 million |
| Capital | $60.42 million |
Field of Membership Restrictions
Deposit Rates - June 24, 2021
Your Current Location: Virginia, VA 20146
We do not yet have rates for Community Financial Members
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Note to Community Financial Members
To upload and update your credit union's rates please register.
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Loan Rates - June 24, 2021
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for COMMUNITY FINANCIAL MEMBERS
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 144760 License#: MC-5188 |
2.903% | 2.874% | 0.38 | $950 | $1,038 | Learn More |
NMLS ID: 925476 |
3.090% | 3.000% | 0.75 | $2,905 | $1,055 | Learn More |
NMLS ID: 1907 |
2.836% | 2.750% | 0.13 | $2,812 | $1,021 | Learn More |
|
NMLS ID: 925476 |
3.090% | 3.000% | 0.75 | $2,905 | $1,055 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
BMO Harris Bank See Table |
Intro APR 1.990 % After Intro: 4.840 % Intro Period: 12 months |
$0 |
Learn More
More Info |
Third Federal Savings and Loan See Table |
2.240 %
|
$0 |
Learn More
More Info |
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Note to COMMUNITY FINANCIAL MEMBERS
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Community Financial Members branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Financial Details
Community Financial Members Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Community Financial Members. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Community Financial Members | U.S. Average |
|---|---|
| 15.69% | 5.40 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2020, Community Financial Members had $8,761,994 in non-current loans and $1,383,105 in owned assets. To cover these potential losses it had $60,421,632 in net worth and $4,257,123 in loans loss reserves. That gives it a Texas Ratio of 15.69%.
Net Worth
| Community Financial Members | U.S. Average |
|---|---|
| 12.02% | 12.67% |
Community Financial Members FCU has a net worth of 12.02% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Community Financial Members
Branches and Savings
What is Community Financial Members?
A federal credit union, registered with the NCUA under certificate #7275.
Learn more about credit unions here.
Is Community Financial Members FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Community Financial Members is insured by the NCUA.
Who can join Community Financial Members?
Please see Field of Membership information above for information on who is eligible to join.
How big is Community Financial Members?
Community Financial Members has total capital of $60.42 million. Full information on Community Financial Members's financial position is located above.
Who owns Community Financial Members?
Credit Unions are owned by their members.
Where are Community Financial Members branches located?
See branch locations nearby.
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