Sep, 30, 2025 — FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in GLOVERSVILLE, NY with 3 branch locations and about $176.60 million in total assets. Opened 54 years ago in 1972, FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION has about 13,279 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 355 Hales Mills Rd Ext GLOVERSVILLE, NY 12078-5703 |
| Phone: | (518) 725-3191 |
| Fax: | (518) 725-3236 |
| Website: | https://www.fcfinancialcu.org |
| Branches: | 3 branch locations |
| Members: | 13,279 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21012 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $176,597,458 |
| CEO/Manager: | Paul Naslund |
| Chairperson: | Michael Rossi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,753,092 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,090,953 |
| Unsecured Loans | 10,059,813 |
| Other Loans | 17,224,517 |
| TOTAL LOANS | 88,375,283 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,322,942 |
| Land And Building | 1,282,340 |
| Other Fixed Assets | 201,747 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,480,772 |
| All Other Assets | 4,000 |
| TOTAL ASSETS | 176,597,458 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 323,361 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 895,212 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,952,152 |
| Regular shares | 41,789,328 |
| All Other Shares & Deposits | 84,829,206 |
| TOTAL SHARES & DEPOSITS | 155,570,685 |
| TOTAL LIABILITIES | 156,789,258 |
| Regular Reserve | 0 |
| Other Reserves | -1,640,756 |
| Undivided Earnings | 21,448,956 |
| TOTAL EQUITY | 19,808,200 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 176,597,458 |
| INCOME & EXPENSE | |
| Loan Income | 4,114,877 |
| Investment Income | 2,348,496 |
| Other Income | 433,483 |
| Total Employee Compensation & Benefits | 1,988,976 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,306,572 |
| Non-operating Income & (Expense) | 17,363 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 407,467 |
| Cost of Funds | 1,644,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,566,586 |
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