First Choice Credit Union (IL)
First Choice Credit Union (IL)
Overview / Commentary
First Choice Credit Union (IL) is headquartered in Ottawa and is the 142nd largest credit union in the state of Illinois. It is also the 3,986th largest credit union in the nation. It was established in 1953 and as of June of 2017, it had grown to 6 employees and 1,768 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 Q2 2017
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 | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.97% |
| Return on Equity - YTD | -8.59% |
| Annual Interest Income | $131.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $12.2MM$12.1MM |
| Loans | Q2 2017vs Q2 2016 | $3.4MM$3.9MM |
| Deposits | Q2 2017vs Q2 2016 | $10.8MM$10.5MM |
| Equity Capital | Q2 2017vs Q2 2016 | $1.4MM$1.6MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $30.00K$35.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $70.00K$126.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
Rates
Sorry, we do not have rate data for First Choice Credit Union (IL).
Locations
| First Choice Credit Union (IL) Locations | ||
|---|---|---|
| Branch Office | 311 E Joliet St | Ottawa, IL 61350-2211 |
| Branch Office | 302 N Park St | Streator, IL 61364-2229 |