Dec, 31, 2023 — FIRST CHOICE AMERICA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 8 branch locations and about $599.82 million in total assets. Opened 85 years ago in 1939, FIRST CHOICE AMERICA COMMUNITY FEDERAL CREDIT UNION has about 33,729 members and employs 81 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 AMERICA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3501 Main St WEIRTON, WV 26062 |
| Phone: | (304) 748-8600 |
| Fax: | (304) 797-9205 |
| Website: | https://www.firstchoiceamericacu.org |
| Branches: | 8 branch locations |
| Members: | 33,729 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3264 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $599,818,800 |
| CEO/Manager: | Scott E Winwood |
| Chairperson: | John R Thayer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 244,312,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 112,646,176 |
| Unsecured Loans | 4,198,444 |
| Other Loans | 22,367,736 |
| TOTAL LOANS | 139,212,356 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,502,222 |
| Land And Building | 3,666,620 |
| Other Fixed Assets | 267,060 |
| NCUSIF Deposit | 4,513,655 |
| All Other Assets | 11,500 |
| TOTAL ASSETS | 599,818,800 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,391,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 99,652,782 |
| Regular shares | 282,280,757 |
| All Other Shares & Deposits | 117,530,801 |
| TOTAL SHARES & DEPOSITS | 499,464,340 |
| TOTAL LIABILITIES | 501,855,751 |
| Regular Reserve | 0 |
| Other Reserves | 2,983,268 |
| Undivided Earnings | 94,979,781 |
| TOTAL EQUITY | 97,963,049 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 599,818,800 |
| INCOME & EXPENSE | |
| Loan Income | 5,911,426 |
| Investment Income | 17,657,291 |
| Other Income | 595,750 |
| Total Employee Compensation & Benefits | 5,007,217 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,453,649 |
| Non-operating Income & (Expense) | 39,501 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,591,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,063,850 |
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