Sep, 30, 2025 — FIRST CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, PA with 3 branch locations and about $78.12 million in total assets. Opened 74 years ago in 1952, FIRST CHOICE FEDERAL CREDIT UNION has about 7,825 members and employs 18 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2209 W State St NEW CASTLE, PA 16101-1138 |
| Phone: | (724) 652-8393 |
| Fax: | (724) 652-8855 |
| Website: | https://www.firstchoicefcu.com |
| Branches: | 3 branch locations |
| Members: | 7,825 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8229 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,123,778 |
| CEO/Manager: | Michael R Vatter |
| Chairperson: | Pamela J Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,448,184 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,938,020 |
| Unsecured Loans | 2,929,096 |
| Other Loans | 37,225,398 |
| TOTAL LOANS | 48,092,514 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -402,101 |
| Land And Building | 1,849,872 |
| Other Fixed Assets | 100,320 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 642,199 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,123,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 154,135 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 847,073 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,696,323 |
| Regular shares | 37,747,794 |
| All Other Shares & Deposits | 20,808,857 |
| TOTAL SHARES & DEPOSITS | 68,252,975 |
| TOTAL LIABILITIES | 69,254,183 |
| Regular Reserve | 0 |
| Other Reserves | 751,857 |
| Undivided Earnings | 8,117,738 |
| TOTAL EQUITY | 8,869,595 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,123,778 |
| INCOME & EXPENSE | |
| Loan Income | 2,388,665 |
| Investment Income | 683,494 |
| Other Income | 183,516 |
| Total Employee Compensation & Benefits | 894,046 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,049,056 |
| Non-operating Income & (Expense) | -5,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 191,200 |
| Cost of Funds | 653,434 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 952,853 |
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