1st Choice CU (GA)

315 Auburn Ave
Atlanta, GA 30303
404-832-5800
www.1stchoicecu.org

NCUA

OverView
Rates
Health
Reviews

1st Choice CU (GA) is headquartered in Atlanta and is the 62^nd largest credit union in the state of Georgia. It is also the 3,380^th largest credit union in the nation. It was established in 1991 and as of December of 2012, it had grown to 12 employees and 9,579 members. 1st Choice CU (GA) has a 4-star health rating.

Special 12-Month CD at 1st Choice Credit Union in Georgia - Local Only - 6/9/2010

1st Choice Credit Union is offering a special 2.00% 12-month CD. This is listed on their home page, and it's called their Share Certificate Sale Celebration of CEO 20th Year Anniversary. Minimum depos ...

Report an Issue

See Rates for: Savings | Money Market | CD | IRA

1st Choice CU (GA) Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.15%	$1k	-	Money Market

1st Choice CU (GA) CD Rates

Apy	Min	Max	Product
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) IRA Rates

Apy	Min	Max	Product
0.35%	$250	-	36 Month CESA
0.35%	$250	-	36 Month Roth IRA
0.35%	$250	-	36 Month IRA
0.30%	$250	-	24 Month CESA
0.30%	$250	-	24 Month Roth IRA
0.30%	$250	-	24 Month IRA
0.20%	$250	-	12 Month CESA
0.20%	$250	-	12 Month Roth IRA
0.20%	$250	-	12 Month IRA
0.15%	$250	-	6 Month CESA
0.15%	$250	-	6 Month Roth IRA
0.15%	$250	-	6 Month IRA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

1ST CHOICE
NCUA #	67505
BankRate Report	View
Year Chartered	1991
Employees	12
Primary Regulator
Assets and Liabilities
Assets	$22.57 million
Loans	$12.51 million
Deposits	$19.97 million
Equity Capital	$2.52 million
Loan Loss Allowance	$693,000
Unbacked Noncurrent Loans	$555,000
Historic Data - December 2011
Assets	$24.11 million
Equity Capital	$2.84 million
Loan Loss Allowance	$699,000
Unbacked Noncurrent Loans	$884,000
Profit Margin - Quarterly
Net Interest Margin	10.12%
Return on Assets	-1.42%
Return on Equity	-12.73%
Interest Income	$1.38 million
Non-Interest Income	$605,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 1st Choice CU (GA) had $555,000 in non-current loans and owned real-estate with $3.21 million in equity and loan loss allowances on hand to cover it. This gives 1st Choice CU (GA) a Texas Ratio of 17.27% which is average. 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 slightly from 24.96% as of December 31, 2011 to 17.27% as of December 31, 2012, resulting in a positive change of 30.81%.This indicates that the balance sheet and financial strength for 1st Choice CU (GA) has improved slightly in recent periods.
Deposit Growth
In the past year, 1st Choice CU (GA) has decreased its total deposits by -$1.03 million, resulting in -4.92% 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.
Capitalization
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 $22.57 million in assets with $3.21 million in equity, resulting in a capitalization level of 14.24%, which is excellent.