1st Choice CU (GA) is headquartered in ATLANTA and is the 62nd largest credit union in the state of Georgia. It is also the 3,377th largest credit union in the nation. It was established in 1991 and as of December of 2013, it had grown to 12 employees and 9,293 members. 1st Choice CU (GA) has a C+ 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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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.
http://www.1stchoicecu.org/
Data for Q4 2013
Institution Health
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, 2013 1st Choice CU (GA) had $355,000 in non-current loans and owned real-estate with $3.16 million in equity and loan loss allowances on hand to cover it. This gives 1st Choice CU (GA) a Texas Ratio of 11.25% which is above 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 dramatically from 17.27% as of December 31, 2012 to 11.25% as of December 31, 2013, resulting in a positive change of 34.84%.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 $-683,000, resulting in -3.42% 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 $22.05 million in assets with $3.16 million in equity, resulting in a capitalization level of 14.31%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 67505 |
| Year Chartered | 1991 |
| Employees | 12 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $22.05 million |
| Loans | $10.17 million |
| Deposits | $19.28 million |
| Equity Capital | $2.61 million |
| Loan Loss Allowance | $541,000 |
| Unbacked Noncurrent Loans | $355,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $22.57 million |
| Equity Capital | $2.52 million |
| Loan Loss Allowance | $693,000 |
| Unbacked Noncurrent Loans | $355,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 10.3% |
| Return on Assets | 0.44% |
| Return on Equity | 3.67% |
| Interest Income | $1.15 million |
Always verify rates and promotions with the bank or credit union. We are not 1st Choice CU (GA), we are a rate comparison website and can not provide official rates or promotions.
1st Choice CU (GA) Savings Account Rates
| Details | 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $1k | - | Money Market |
1st Choice CU (GA) CD Rates
| Details | 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) Locations | ||
|---|---|---|
| Branch Office | 315 Auburn Ave NE | Atlanta, GA 30303-2603 |