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1ST CHOICE CREDIT UNION

Sep, 30, 2022 — 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 32 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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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