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1ST CHOICE CREDIT UNION

Mar, 31, 2022 — 1ST CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $37.45 million in total assets. Opened 31 years ago in 1991, 1ST CHOICE CREDIT UNION has about 7,992 members and employs 13 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:http://www.1stchoicecu.org
Branches:2 branch locations
Members:7,992
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:$37,450,582
CEO/Manager:Claudie Johnson
Chairperson:Howard Mosby

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,822,047
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,157,064
 Unsecured Loans 5,927,813
 Other Loans 6,060,318
 TOTAL LOANS 13,145,195
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -243,199
 Land And Building 1,429,029
 Other Fixed Assets 9,501
 NCUSIF Deposit 292,310
 All Other Assets 0
  TOTAL ASSETS 37,450,582
LIABILITIES & CAPITAL:  
 Dividends Payable 1,012
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 162,978
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,754,664
 Regular shares 22,138,418
 All Other Shares & Deposits 5,474,460
  TOTAL SHARES & DEPOSITS 34,367,542
  TOTAL LIABILITIES 34,531,532
 Regular Reserve 0
 Other Reserves 919,257
 Undivided Earnings 1,999,793
  TOTAL EQUITY 2,919,050
  TOTAL LIABILITIES, SHARES, & EQUITY 37,450,582
INCOME & EXPENSE  
 Loan Income 185,436
 Investment Income 15,967
 Other Income 99,593
 Total Employee Compensation & Benefits 246,565
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 314,839
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,481
 Cost of Funds 5,163
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 54,522
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