Credit Unions Near Me
National Credit Union Service Organization

FEDCHOICE FEDERAL CREDIT UNION

Jun, 30, 2024 — FEDCHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 6 branch locations and about $430.26 million in total assets. Opened 89 years ago in 1935, FEDCHOICE FEDERAL CREDIT UNION has about 24,084 members and employs 74 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:https://www.fedchoice.org
Branches:6 branch locations
Members:24,084
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$430,261,142
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 21,261,116
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 152,490,420
 Unsecured Loans 41,587,813
 Other Loans 70,841,514
 TOTAL LOANS 265,490,905
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,919,780
 Land And Building 4,129,547
 Other Fixed Assets 546,615
 NCUSIF Deposit 3,551,576
 All Other Assets 171,471
  TOTAL ASSETS 430,261,142
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,649,584
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 94,261,871
 Regular shares 142,686,590
 All Other Shares & Deposits 156,486,666
  TOTAL SHARES & DEPOSITS 393,435,127
  TOTAL LIABILITIES 401,084,711
 Regular Reserve 0
 Other Reserves -7,552,690
 Undivided Earnings 36,729,121
  TOTAL EQUITY 29,176,431
  TOTAL LIABILITIES, SHARES, & EQUITY 430,261,142
INCOME & EXPENSE  
 Loan Income 8,229,329
 Investment Income 2,198,784
 Other Income 1,272,537
 Total Employee Compensation & Benefits 5,259,726
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,864,805
 Non-operating Income & (Expense) -6,005
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 333,328
 Cost of Funds 1,042,739
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,644,949
↑ Back to Top

Other Credit Unions

MT. JEZREEL FEDERAL CREDIT UNION
420 University Blvd E
SILVER SPRING, MD 20901
I B E W 26 FEDERAL CREDIT UNION
4371 Parliament Pl Ste C
LANHAM, MD 20706
GREENBELT FEDERAL CREDIT UNION
112 Centerway
GREENBELT, MD 20770
MNCPPC FEDERAL CREDIT UNION
5211 Campus Way Suite A
COLLEGE PARK, MD 20740
NONE SUFFER LACK FEDERAL CREDIT UNION
4929 Allentown Rd
SUITLAND, MD 20746-3934
W S S C FEDERAL CREDIT UNION
14501 Sweitzer Ln
LAUREL, MD 20707
CENSUS FEDERAL CREDIT UNION
4600 Silver Hill Rd Rm 1K250
WASHINGTON, DC 20233-0001
FEDFINANCIAL FEDERAL CREDIT UNION
11233 Lockwood Dr
SILVER SPRING, MD 20901-4554
TRANSIT EMPLOYEES FEDERAL CREDIT UNION
6404 Ivy Ln Ste 510
GREENBELT, MD 20770-1426
PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION
15201 Hall RD
BOWIE, MD 20721