Dec, 31, 2023 — FIRST CHOICE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 3 branch locations and about $46.74 million in total assets. Opened 90 years ago in 1934, FIRST CHOICE COMMUNITY CREDIT UNION has about 3,901 members and employs 15 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 COMMUNITY CREDIT UNION |
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Address: (Main Office) | 100 N 17th St KNOXVILLE, TN 37921-6750 |
Phone: | (865) 637-0112 |
Fax: | (865) 637-0777 |
Website: | https://www.firstchoiceccu.org |
Branches: | 3 branch locations |
Members: | 3,901 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67185 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,743,763 |
CEO/Manager: | Carisa Chitwood |
Chairperson: | Jason Haggard |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,614,130 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,249,678 |
Unsecured Loans | 1,390,463 |
Other Loans | 13,105,352 |
TOTAL LOANS | 21,745,492 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,496 |
Land And Building | 1,342,768 |
Other Fixed Assets | 105,580 |
NCUSIF Deposit | 421,402 |
All Other Assets | 0 |
TOTAL ASSETS | 46,743,763 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 239,971 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,476,631 |
Regular shares | 21,995,037 |
All Other Shares & Deposits | 8,133,684 |
TOTAL SHARES & DEPOSITS | 39,605,353 |
TOTAL LIABILITIES | 39,845,328 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,898,435 |
TOTAL EQUITY | 6,898,435 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,743,763 |
INCOME & EXPENSE | |
Loan Income | 1,015,349 |
Investment Income | 553,839 |
Other Income | 192,322 |
Total Employee Compensation & Benefits | 749,121 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 874,492 |
Non-operating Income & (Expense) | -4,452 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,599 |
Cost of Funds | 65,646 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 347,749 |
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