Dec, 31, 2023 — FIRST CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHFIELD, WI with 1 branch location and about $43.51 million in total assets. Opened 57 years ago in 1967, FIRST CHOICE CREDIT UNION has about 3,109 members and employs 11 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) | 1614 E 4th St MARSHFIELD, WI 54449-4601 |
Phone: | (715) 387-8405 |
Fax: | (715) 389-1007 |
Website: | https://firstchoicecreditunion.com |
Branches: | 1 branch locations |
Members: | 3,109 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66545 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,508,576 |
CEO/Manager: | ROB SCHULZ |
Chairperson: | DENNIS KMIEC |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,645,409 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,556,357 |
Unsecured Loans | 1,006,440 |
Other Loans | 10,606,923 |
TOTAL LOANS | 20,169,720 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,146 |
Land And Building | 377,133 |
Other Fixed Assets | 71,840 |
NCUSIF Deposit | 382,257 |
All Other Assets | 0 |
TOTAL ASSETS | 43,508,576 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 49,180 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 238,870 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,808,088 |
Regular shares | 19,143,482 |
All Other Shares & Deposits | 8,991,242 |
TOTAL SHARES & DEPOSITS | 36,942,814 |
TOTAL LIABILITIES | 37,230,864 |
Regular Reserve | 0 |
Other Reserves | 1,725,000 |
Undivided Earnings | 4,552,712 |
TOTAL EQUITY | 6,277,712 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,508,576 |
INCOME & EXPENSE | |
Loan Income | 962,203 |
Investment Income | 582,027 |
Other Income | 56,461 |
Total Employee Compensation & Benefits | 612,945 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 562,417 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,352 |
Cost of Funds | 236,930 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 336,424 |
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» See also Statement of Financial Condition