Overview / Commentary
First Choice Credit Union (IL) is headquartered in Ottawa and is the 136th largest credit union in the state of Illinois. It is also the 3,818th largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 4 employees and 1,584 members at 2 locations. First Choice Credit Union (IL) has a B health rating.
Field of Membership Restrictions
Membership in First Choice Credit Union is open to anyone who resides or holds employment in these Illinois Towns, Manilius, Rutland, Ottawa, South Ottawa, Utica, LaSalle, and Peru, as well as their direct family members.
See current membership details
Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Credit Union (IL) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61471 |
| Year Chartered | 1953 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.7% |
| Annual Interest Income | $397.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $12.1MM$11.8MM |
| Loans | Q4 2019vs Q4 2018 | $5.4MM$4.9MM |
| Deposits | Q4 2019vs Q4 2018 | $10.8MM$10.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.3MM$1.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $56.00K$57.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $35.00K$9.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |