Dec, 31, 2023 — FIRSTENERGY CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBURG, PA with 1 branch location and about $54.76 million in total assets. Opened 89 years ago in 1935, FIRSTENERGY CHOICE FEDERAL CREDIT UNION has about 3,732 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRSTENERGY CHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 161 Old Route 30 GREENSBURG, PA 15601 |
| Phone: | (724) 830-5984 |
| Fax: | (724) 830-5129 |
| Website: | https://www.fechoice.com |
| Branches: | 1 branch locations |
| Members: | 3,732 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 839 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,761,025 |
| CEO/Manager: | Diane L Momeyer |
| Chairperson: | Yvonne J Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,506,991 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,182,895 |
| Unsecured Loans | 2,722,296 |
| Other Loans | 11,058,863 |
| TOTAL LOANS | 16,964,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,895 |
| Land And Building | 0 |
| Other Fixed Assets | 31,010 |
| NCUSIF Deposit | 481,038 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,761,025 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 235,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,606,604 |
| Regular shares | 36,339,393 |
| All Other Shares & Deposits | 4,253,894 |
| TOTAL SHARES & DEPOSITS | 46,199,892 |
| TOTAL LIABILITIES | 46,435,394 |
| Regular Reserve | 0 |
| Other Reserves | 444,997 |
| Undivided Earnings | 7,880,634 |
| TOTAL EQUITY | 8,325,631 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,761,025 |
| INCOME & EXPENSE | |
| Loan Income | 696,450 |
| Investment Income | 678,115 |
| Other Income | 46,475 |
| Total Employee Compensation & Benefits | 854,340 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 455,733 |
| Non-operating Income & (Expense) | 13,279 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,400 |
| Cost of Funds | 97,548 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 129,104 |
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» See also Statement of Financial Condition