FIRST CHOICE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.firstchoicecu.com for more information.
Dec, 31, 2023 — FIRST CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in Ottawa, IL with 1 branch location and about $13.25 million in total assets. Opened 71 years ago in 1953, FIRST CHOICE CREDIT UNION has about 1,466 members and employs 4 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 CREDIT UNION |
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Address: (Main Office) | 311 E Joliet St. Ottawa, IL 61350-2211 |
Phone: | (815) 434-5860 |
Fax: | (815) 434-5925 |
Website: | https://www.firstchoicecu.com |
Branches: | 1 branch locations |
Members: | 1,466 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61471 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,247,938 |
CEO/Manager: | Diane M Johnson |
Chairperson: | Thomas Ganiere |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,126,985 |
TOTAL INVESTMENTS | 2,081,935 |
Loans Held for Sale | 0 |
Real Estate Loans | 374,885 |
Unsecured Loans | 552,268 |
Other Loans | 1,714,435 |
TOTAL LOANS | 2,641,588 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,389 |
Land And Building | 249,563 |
Other Fixed Assets | 23,937 |
NCUSIF Deposit | 104,536 |
All Other Assets | 37,783 |
TOTAL ASSETS | 13,247,938 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 775 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 26,897 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,924,285 |
Regular shares | 8,100,364 |
All Other Shares & Deposits | 1,023,889 |
TOTAL SHARES & DEPOSITS | 12,048,538 |
TOTAL LIABILITIES | 12,076,210 |
Regular Reserve | 328,816 |
Other Reserves | 0 |
Undivided Earnings | 842,912 |
TOTAL EQUITY | 1,171,728 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,247,938 |
INCOME & EXPENSE | |
Loan Income | 130,071 |
Investment Income | 61,458 |
Other Income | 191,350 |
Total Employee Compensation & Benefits | 199,558 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 259,378 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,592 |
Cost of Funds | 8,761 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -95,410 |
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» See also Statement of Financial Condition