Jun, 30, 2024 — 1ST CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $38.08 million in total assets. Opened 34 years ago in 1991, 1ST CHOICE CREDIT UNION has about 7,221 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 315 Auburn Ave NE ATLANTA, GA 30303-2603 |
| Phone: | (404) 832-5800 |
| Fax: | (404) 607-8252 |
| Website: | https://www.1stchoicecu.org |
| Branches: | 2 branch locations |
| Members: | 7,221 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67505 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,084,439 |
| CEO/Manager: | Claudie Johnson |
| Chairperson: | Alonzo Llorens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,493,833 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,097,460 |
| Unsecured Loans | 6,004,377 |
| Other Loans | 10,155,824 |
| TOTAL LOANS | 18,257,661 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -492,078 |
| Land And Building | 1,406,665 |
| Other Fixed Assets | 3,869 |
| NCUSIF Deposit | 311,547 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,084,439 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 112 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 657,714 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,747,695 |
| Regular shares | 23,224,361 |
| All Other Shares & Deposits | 3,955,051 |
| TOTAL SHARES & DEPOSITS | 33,927,107 |
| TOTAL LIABILITIES | 34,584,933 |
| Regular Reserve | 0 |
| Other Reserves | 919,256 |
| Undivided Earnings | 2,580,250 |
| TOTAL EQUITY | 3,499,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,084,439 |
| INCOME & EXPENSE | |
| Loan Income | 631,174 |
| Investment Income | 167,485 |
| Other Income | 333,599 |
| Total Employee Compensation & Benefits | 765,367 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 815,402 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 353,410 |
| Cost of Funds | 15,094 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 634,979 |
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