First Choice Credit Union (FL)

First Choice Credit Union (FL) is headquartered in WEST PALM BEACH and is the 57^th largest credit union in the state of Florida. It is also the 1,377^th largest credit union in the nation. It was established in 1929 and as of September of 2011, it had grown to 38 employees and 12,787 members. First Choice Credit Union (FL) has a 3-star health rating.

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Data for Q3 2011

Institution Statistics FIRST CHOICE NCUA # 67725 BankRate Report View Year Established 1929 Employees 38 Primary Regulator Assets and Liabilities Assets $105.67 million Loans $55.95 million Deposits $86.90 million Equity Capital $7.42 million Loan Loss Allowance $2.17 million Unbacked Noncurrent Loans $1.96 million Real Estate Owned $1.04 million Historic Data - September 2010 Assets $108.95 million Equity Capital $8.29 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $2.55 million Real Estate Owned $528,000 Profit Margin - Quarterly Net Interest Margin 4.56% Return on Assets -0.39% Return on Equity -5.6% Interest Income $3.06 million Non-Interest Income $1.50 million

Institution Health Overall Score: 3 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 September 30, 2011 First Choice Credit Union (FL) had $3 million in non-current loans and owned real-estate with $9.59 million in equity and loan loss allowances on hand to cover it. This gives First Choice Credit Union (FL) a Texas Ratio of 31.28% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Choice Credit Union (FL) held steady from 28.31% as of September 30, 2010 to 31.28% as of September 30, 2011, resulting in a negative change of 10.49%. This indicates that the balance sheet and financial strength for First Choice Credit Union (FL) has held steady in recent periods. Deposit Growth In the past year, First Choice Credit Union (FL) has increased its total deposits by $147,000, resulting in 0.17% 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 First Choice Credit Union (FL) has shown is 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. First Choice Credit Union (FL) has $105.67 million in assets with $9.59 million in equity, resulting in a capitalization level of 9.07%, which is average.

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