Dec, 31, 2023 — FIRST CHOICE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 3 branch locations and about $46.74 million in total assets. Opened 90 years ago in 1934, FIRST CHOICE COMMUNITY CREDIT UNION has about 3,901 members and employs 15 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 COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 N 17th St KNOXVILLE, TN 37921-6750 |
| Phone: | (865) 637-0112 |
| Fax: | (865) 637-0777 |
| Website: | https://www.firstchoiceccu.org |
| Branches: | 3 branch locations |
| Members: | 3,901 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67185 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,743,763 |
| CEO/Manager: | Carisa Chitwood |
| Chairperson: | Jason Haggard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,614,130 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,249,678 |
| Unsecured Loans | 1,390,463 |
| Other Loans | 13,105,352 |
| TOTAL LOANS | 21,745,492 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,496 |
| Land And Building | 1,342,768 |
| Other Fixed Assets | 105,580 |
| NCUSIF Deposit | 421,402 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,743,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 239,971 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,476,631 |
| Regular shares | 21,995,037 |
| All Other Shares & Deposits | 8,133,684 |
| TOTAL SHARES & DEPOSITS | 39,605,353 |
| TOTAL LIABILITIES | 39,845,328 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,898,435 |
| TOTAL EQUITY | 6,898,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,743,763 |
| INCOME & EXPENSE | |
| Loan Income | 1,015,349 |
| Investment Income | 553,839 |
| Other Income | 192,322 |
| Total Employee Compensation & Benefits | 749,121 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 874,492 |
| Non-operating Income & (Expense) | -4,452 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,599 |
| Cost of Funds | 65,646 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 347,749 |
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