Sep, 30, 2025 — FEDCHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 5 branch locations and about $447.07 million in total assets. Opened 91 years ago in 1935, FEDCHOICE FEDERAL CREDIT UNION has about 25,416 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDCHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10001 Willowdale Rd LANHAM, MD 20706-4321 |
| Phone: | (301) 699-6100 |
| Fax: | |
| Website: | https://www.fedchoice.org/ |
| Branches: | 5 branch locations |
| Members: | 25,416 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 150 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $447,073,952 |
| CEO/Manager: | Brett Noll |
| Chairperson: | Arthur Altman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,412,592 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 182,937,188 |
| Unsecured Loans | 34,202,174 |
| Other Loans | 72,017,278 |
| TOTAL LOANS | 289,835,974 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,404,118 |
| Land And Building | 4,147,791 |
| Other Fixed Assets | 434,673 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,533,285 |
| All Other Assets | 58,652 |
| TOTAL ASSETS | 447,073,952 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,561,647 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 95,067,326 |
| Regular shares | 139,296,593 |
| All Other Shares & Deposits | 168,785,076 |
| TOTAL SHARES & DEPOSITS | 403,148,994 |
| TOTAL LIABILITIES | 408,720,646 |
| Regular Reserve | 0 |
| Other Reserves | -3,875,984 |
| Undivided Earnings | 42,229,290 |
| TOTAL EQUITY | 38,353,306 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 447,073,952 |
| INCOME & EXPENSE | |
| Loan Income | 12,365,011 |
| Investment Income | 4,484,805 |
| Other Income | 1,274,016 |
| Total Employee Compensation & Benefits | 6,871,916 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,877,467 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,374,630 |
| Cost of Funds | 3,687,302 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 863,509 |
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