Community First Credit Union posts gains for assets, loans, deposits, income in 2020 ...Middle East

SANTA ROSA – Community First Credit Union, a financial cooperative owned by its 60,000 members, which includes a Ukiah branch, posted double-digit –– and record –– gains in assets, deposits, loan originations, loan portfolio, and income for the year 2020. More important, record low interest rates resulted in substantial monthly savings for mortgage and consumer-loan borrowers. For those who refinanced their mortgage, the average savings was $495 a month. An additional $52,000 a month in common fees were waived, such as rush payments over the phone, providing another financial lifeline to many members. “The pandemic put us to the test; the credit union and its members,” said Todd Sheffield, C

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