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National Credit Union Service Organization

CHOICE ONE COMMUNITY FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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