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FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Gloversville, NY with 3 branch locations and about $136.31 million in total assets. Opened 49 years ago in 1972, FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION has about 13,047 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.


ABA Routing Number: 221376186
Name:FIRST CHOICE FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 232
Gloversville, NY 12078
Phone:(518) 725-3191
Fax:(518) 725-3236
Website:http://www.fcfinancialcu.org
Branches:3 branch locations
Members:13,047
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$136,309,569
CEO/Manager:Brenda S Coon
Chairperson:Vincent R La Porta

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,132,615
TOTAL INVESTMENTS 43,543,354
Loans Held for Sale 0
 
 Real Estate Loans 39,259,360
 Unsecured Loans 8,189,062
 Other Loans 23,450,887
 TOTAL LOANS 70,899,309
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -715,681
 Land And Building 1,395,980
 Other Fixed Assets 290,215
 NCUSIF Deposit 1,169,139
 All Other Assets 1,594,638
  TOTAL ASSETS 136,309,569
LIABILITIES & CAPITAL:  
 Dividends Payable 39,208
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 502,764
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,085,855
 Regular shares 37,453,467
 All Other Shares & Deposits 57,868,539
  TOTAL SHARES & DEPOSITS 120,407,861
  TOTAL LIABILITIES 120,949,833
 Regular Reserve 1,095,957
 Other Reserves 1,427,220
 Undivided Earnings 12,836,559
  TOTAL EQUITY 15,359,736
  TOTAL LIABILITIES, SHARES, & EQUITY 136,309,569
INCOME & EXPENSE  
 Loan Income 3,136,475
 Investment Income 889,118
 Other Income 1,319,009
 Total Employee Compensation & Benefits 2,032,557
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,218,797
 Non-operating Income & (Expense) 234,100
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 239,041
 Cost of Funds 364,597
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 723,710
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