First Choice Financial Federal Credit Union
First Choice Financial Federal Credit Union is headquartered in Gloversville and is the 73rd largest credit union in the state of New York. It is also the 1,572nd largest credit union in the nation. It was established in 1972 and as of December of 2018, it had grown to 23 employees and 12,844 members at 3 locations. First Choice Financial Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membeship is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in Fulton County, New York; Montgomery County, New York; or the Towns of Arietta, Benson, Hope, Wells, Lake Pleasant, Speculator or Indian Lake in Hamilton County, New York.
See current membership details
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21012 |
| Year Chartered | 1972 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 5.4% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $105.2MM$100.7MM |
| Loans | Q4 2018vs Q4 2017 | $54.5MM$50.8MM |
| Deposits | Q4 2018vs Q4 2017 | $92.1MM$88.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $12.8MM$12.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $498.00K$315.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $818.00K$1.0MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates for First Choice Financial Federal Credit Union are currently being reviewed.
| First Choice Financial Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 355 Hales Mills Rd Ext | Gloversville, NY 12078-5703 |
| Branch Office | 329 S Kingsboro Ave | Gloversville, NY 12078 |
| Branch Office | 3677 State Highway 30 | Broadalbin, NY 12025-2601 |