Dec, 31, 2023 — FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in GLOVERSVILLE, NY with 3 branch locations and about $161.54 million in total assets. Opened 52 years ago in 1972, FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION has about 13,317 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 355 Hales Mills Rd Ext GLOVERSVILLE, NY 12078-5703 |
Phone: | (518) 725-3191 |
Fax: | (518) 725-3236 |
Website: | https://www.fcfinancialcu.org |
Branches: | 3 branch locations |
Members: | 13,317 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21012 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $161,537,406 |
CEO/Manager: | Brenda S Coon |
Chairperson: | Melody Burton |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,450,009 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 50,275,167 |
Unsecured Loans | 11,217,342 |
Other Loans | 23,592,334 |
TOTAL LOANS | 85,084,843 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -979,696 |
Land And Building | 1,361,323 |
Other Fixed Assets | 133,656 |
NCUSIF Deposit | 1,521,534 |
All Other Assets | 42,817 |
TOTAL ASSETS | 161,537,406 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 420,215 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 700,700 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,441,625 |
Regular shares | 41,457,729 |
All Other Shares & Deposits | 76,199,421 |
TOTAL SHARES & DEPOSITS | 146,098,775 |
TOTAL LIABILITIES | 147,220,623 |
Regular Reserve | 0 |
Other Reserves | -3,545,493 |
Undivided Earnings | 17,862,276 |
TOTAL EQUITY | 14,316,783 |
TOTAL LIABILITIES, SHARES, & EQUITY | 161,537,406 |
INCOME & EXPENSE | |
Loan Income | 4,490,763 |
Investment Income | 2,125,750 |
Other Income | 806,089 |
Total Employee Compensation & Benefits | 2,475,252 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,440,547 |
Non-operating Income & (Expense) | 50,128 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 361,856 |
Cost of Funds | 1,320,101 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,954,206 |
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