Dec, 31, 2023 — 1ST CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $40.16 million in total assets. Opened 33 years ago in 1991, 1ST CHOICE CREDIT UNION has about 6,699 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 315 Auburn Ave NE ATLANTA, GA 30303-2603 |
| Phone: | (404) 832-5800 |
| Fax: | (404) 607-8252 |
| Website: | https://www.1stchoicecu.org |
| Branches: | 2 branch locations |
| Members: | 6,699 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67505 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,163,723 |
| CEO/Manager: | Dina Hairston |
| Chairperson: | Alonzo Llorens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,236,060 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,915,471 |
| Unsecured Loans | 3,479,482 |
| Other Loans | 17,980,743 |
| TOTAL LOANS | 27,375,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,838 |
| Land And Building | 1,449,563 |
| Other Fixed Assets | 11,186 |
| NCUSIF Deposit | 338,827 |
| All Other Assets | 88,841 |
| TOTAL ASSETS | 40,163,723 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 340,119 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,786,674 |
| Regular shares | 18,356,461 |
| All Other Shares & Deposits | 12,206,090 |
| TOTAL SHARES & DEPOSITS | 36,349,224 |
| TOTAL LIABILITIES | 36,689,343 |
| Regular Reserve | 0 |
| Other Reserves | 919,256 |
| Undivided Earnings | 2,555,124 |
| TOTAL EQUITY | 3,474,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,163,723 |
| INCOME & EXPENSE | |
| Loan Income | 1,646,485 |
| Investment Income | 356,727 |
| Other Income | 516,141 |
| Total Employee Compensation & Benefits | 1,137,595 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,561,999 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 401,677 |
| Cost of Funds | 188,393 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 108,878 |
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