Community First Credit Union posts record results
Published: Monday, January 28, 2013 at 5:00 p.m.
Last Modified: Monday, January 28, 2013 at 5:00 p.m.
Community First Credit Union on Monday reported assets grew 15.8 percent last year to a record $150.6 million.
The Santa Rosa-based credit union, which serves Sonoma, Marin and Mendocino counties, saw membership grow 18.9 percent last year to 15,627 members. It was the second straight year of double-digit growth in assets, membership, deposits and checking accounts.
"We continue to be the recipient of a renewed focus by consumers to place their deposits locally so that their money helps the economy where they live, as well as consumers placing greater importance on getting the best value for their money," Community First President/CEO Todd Sheffield said in a statement.
Real estate lending last year soared nearly 94.8 percent to $60 million, while auto loans increased nearly 27.9 percent to $20.7 million.
Net revenue of $1.3 million amounted to the second-best result in the cooperative's 52-year history.
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