First Choice Financial Federal Credit Union
Overview / Commentary
First Choice Financial Federal Credit Union is headquartered in Gloversville and is the 58th largest credit union in the state of New York. It is also the 1,320th largest credit union in the nation. It was established in 1972 and as of March of 2025, it had grown to 26 employees and 11,304 members at 3 locations. First Choice Financial Federal Credit Union has an A health rating.
Field of Membership Restrictions
First Choice Financial Federal Credit Union is open to anyone who lives, works, worships, or goes to school in the New York counties of Fulton or Montgomery, or the towns of Arietta, Benson, Hope, Indian Lake, Lake Pleasant, Speculator, or Wells in Hamilton County, New York.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21012 |
| Year Chartered | 1972 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 7.22% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $187.7MM$168MM |
| Loans | Q1 2025vs Q1 2024 | $88.2MM$83.6MM |
| Deposits | Q1 2025vs Q1 2024 | $159.2MM$152.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $17.6MM$14.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.1MM$1.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $534K$651K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |