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FEDCHOICE FEDERAL CREDIT UNION

Mar, 31, 2022 — FEDCHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 6 branch locations and about $437.08 million in total assets. Opened 87 years ago in 1935, FEDCHOICE FEDERAL CREDIT UNION has about 23,593 members and employs 76 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: 254074785
Name:FEDCHOICE FEDERAL CREDIT UNION
Address:
(Main Office)
10001 Willowdale Rd
LANHAM, MD 20706-4321
Phone:(301) 699-6100
Fax:
Website:http://www.fedchoice.org
Branches:6 branch locations
Members:23,593
Credit Union Type:Federal Credit Union
Charter Number:150
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$437,077,105
CEO/Manager:Brett Noll
Chairperson:Arthur Altman

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 67,877,706
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 156,645,126
 Unsecured Loans 38,226,921
 Other Loans 56,446,648
 TOTAL LOANS 252,040,129
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,076,116
 Land And Building 4,228,690
 Other Fixed Assets 513,139
 NCUSIF Deposit 3,522,589
 All Other Assets 26,736
  TOTAL ASSETS 437,077,105
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,886,265
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 91,813,216
 Regular shares 142,769,845
 All Other Shares & Deposits 163,687,346
  TOTAL SHARES & DEPOSITS 398,270,407
  TOTAL LIABILITIES 405,156,672
 Regular Reserve 0
 Other Reserves -3,622,589
 Undivided Earnings 35,543,022
  TOTAL EQUITY 31,920,433
  TOTAL LIABILITIES, SHARES, & EQUITY 437,077,105
INCOME & EXPENSE  
 Loan Income 2,677,236
 Investment Income 476,791
 Other Income 395,534
 Total Employee Compensation & Benefits 1,744,551
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,474,375
 Non-operating Income & (Expense) 7,048
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 124,998
 Cost of Funds 227,623
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 458,850
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