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FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION

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.


ABA Routing Number: 221376186
Name:FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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