Dec, 31, 2023 — FIRST CHOICE AMERICA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 8 branch locations and about $599.82 million in total assets. Opened 85 years ago in 1939, FIRST CHOICE AMERICA COMMUNITY FEDERAL CREDIT UNION has about 33,729 members and employs 81 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 AMERICA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3501 Main St WEIRTON, WV 26062 |
Phone: | (304) 748-8600 |
Fax: | (304) 797-9205 |
Website: | https://www.firstchoiceamericacu.org |
Branches: | 8 branch locations |
Members: | 33,729 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3264 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $599,818,800 |
CEO/Manager: | Scott E Winwood |
Chairperson: | John R Thayer |
ASSETS: | $ Amount |
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Cash & Equivalents | 244,312,972 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 112,646,176 |
Unsecured Loans | 4,198,444 |
Other Loans | 22,367,736 |
TOTAL LOANS | 139,212,356 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,502,222 |
Land And Building | 3,666,620 |
Other Fixed Assets | 267,060 |
NCUSIF Deposit | 4,513,655 |
All Other Assets | 11,500 |
TOTAL ASSETS | 599,818,800 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,391,411 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 99,652,782 |
Regular shares | 282,280,757 |
All Other Shares & Deposits | 117,530,801 |
TOTAL SHARES & DEPOSITS | 499,464,340 |
TOTAL LIABILITIES | 501,855,751 |
Regular Reserve | 0 |
Other Reserves | 2,983,268 |
Undivided Earnings | 94,979,781 |
TOTAL EQUITY | 97,963,049 |
TOTAL LIABILITIES, SHARES, & EQUITY | 599,818,800 |
INCOME & EXPENSE | |
Loan Income | 5,911,426 |
Investment Income | 17,657,291 |
Other Income | 595,750 |
Total Employee Compensation & Benefits | 5,007,217 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,453,649 |
Non-operating Income & (Expense) | 39,501 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,591,652 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,063,850 |
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» See also Statement of Financial Condition