Dec, 31, 2023 — CHOICE ONE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in PLAINS TOWNSHIP, PA with 5 branch locations and about $131.34 million in total assets. Opened 83 years ago in 1941, CHOICE ONE COMMUNITY FEDERAL CREDIT UNION has about 11,818 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHOICE ONE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 501 E Main St PLAINS TOWNSHIP, PA 18702-6920 |
Phone: | (570) 823-7676 |
Fax: | |
Website: | https://www.choiceone.org |
Branches: | 5 branch locations |
Members: | 11,818 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4240 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $131,344,471 |
CEO/Manager: | Thomas M Smith |
Chairperson: | Susan Bat |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,613,446 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 48,705,420 |
Unsecured Loans | 7,649,467 |
Other Loans | 34,092,424 |
TOTAL LOANS | 90,447,311 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -211,133 |
Land And Building | 4,520,710 |
Other Fixed Assets | 501,686 |
NCUSIF Deposit | 1,277,020 |
All Other Assets | 60,999 |
TOTAL ASSETS | 131,344,471 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 800,085 |
Accounts Payable & Other Liabilities | 674,803 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,155,336 |
Regular shares | 80,438,180 |
All Other Shares & Deposits | 15,243,957 |
TOTAL SHARES & DEPOSITS | 121,837,473 |
TOTAL LIABILITIES | 123,312,361 |
Regular Reserve | 0 |
Other Reserves | -3,224,522 |
Undivided Earnings | 11,256,632 |
TOTAL EQUITY | 8,032,110 |
TOTAL LIABILITIES, SHARES, & EQUITY | 131,344,471 |
INCOME & EXPENSE | |
Loan Income | 4,104,499 |
Investment Income | 525,166 |
Other Income | 909,091 |
Total Employee Compensation & Benefits | 2,191,206 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,173,685 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 295,000 |
Cost of Funds | 441,123 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 276,385 |
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