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Overview / Commentary
315 Auburn Ave
Atlanta, GA 30312

1st Choice CU (GA) is headquartered in Atlanta and is the 62nd largest credit union in the state of Georgia. It is also the 3,344th largest credit union in the nation. It was established in 1991 and as of March of 2014, it had grown to 12 employees and 9,240 members. 1st Choice CU (GA) has a B health rating.

Field of Membership Restrictions

1st Choice Credit Union provides all the benefits of a member-owned financial institution to employees, retirees and former employees of various organizations. We are constantly adding groups to our credit union family in an effort to meet the financial needs of all those who desire credit union membership. - See Details

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Reviews (1)

2.5 % For 12 Month Cd

2.5 % for 12 month cd , the rate will expire on April 5 2011. Local Only.

You need to be GA resident to purchase this rate. The CD must be opened at the branch.

See website for details.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. 1st Choice CU (GA) has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st Choice CU (GA) had $200,000 in non-current loans and owned real-estate with $3.13 million in equity and loan loss allowances on hand to cover it. This gives 1st Choice CU (GA) a Texas Ratio of 6.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st Choice CU (GA) decreased dramatically from 11.36% as of March 31, 2013 to 6.39% as of March 31, 2014, resulting in a positive change of 43.73%.This indicates that the balance sheet and financial strength for 1st Choice CU (GA) has improved dramatically in recent periods.

Deposit Growth


In the past year, 1st Choice CU (GA) has decreased its total deposits by $-808,000, resulting in -3.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Choice CU (GA) has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Choice CU (GA) has $23.13 million in assets with $3.13 million in equity, resulting in a capitalization level of 13.52%, which is excellent.

Institution Statistics

NCUA #67505
Year Chartered1991
Primary Regulator
Assets and Liabilities
Assets$23.13 million
Loans$9.88 million
Deposits$20.34 million
Equity Capital$2.63 million
Loan Loss Allowance$503,000
Unbacked Noncurrent Loans$200,000
Real Estate Owned$0
Historic Data - March 2013
Assets$24.00 million
Equity Capital$2.48 million
Loan Loss Allowance$608,000
Unbacked Noncurrent Loans$200,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.23%
Return on Assets0.17%
Return on Equity1.52%
Interest Income$248,000
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1st Choice CU (GA) Savings Account Rates

0.15%$250-Educational Passbook
0.15%$250-Regular IRA Passbook
0.15%$250-Roth IRA Passbook
0.05%$250-Holiday Club
0.05%$250-Vacation Club
0.05%$250-Share Savings

1st Choice CU (GA) Money Market Rates

0.15%$1k-Money Market

1st Choice CU (GA) CD Rates

0.35%$250-36 Month CD
0.30%$250-24 Month CD
0.20%$250-12 Month CD
0.15%$250-6 Month CD

1st Choice CU (GA) Locations
Branch Office315 Auburn Ave NEAtlanta, GA 30303-2603