First Choice Credit Union (FL) is headquartered in West Palm Beach and is the 62nd largest credit union in the state of Florida. It is also the 1,490th largest credit union in the nation. It was established in 1929 and as of June of 2022, it had grown to 27 employees and 9,472 members at 2 locations. First Choice Credit Union (FL)'s money market rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in First Choice Credit Union is open to those who live or work Palm Beach County. Employees and retirees of the Federal Government and veterans of any branch of the Armed Services who live in Florida counties of Broward, Glades, Hendry, Martin, Okeechobee, Palm Beach, or St. Lucie are also eligible to join. Individuals holding a professional license from the State of Florida qualify for membership, regardless of where they live.
See current membership details
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Lost In Space ??
had 300K CD due, receive paperwork what to
do on maturity, mailed reply 3 weeks ahead
of maturity, apparenty my paperwork I sent
was " lost in mail " , had return address etc.
was told happens all the time, would mail me
another form to fill out to ?? Return again !!!!
business with long turn around beware of ? mail.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67725 |
| Year Chartered | 1929 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 23.54% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $150.0MM$147.7MM |
| Loans | Q2 2022vs Q2 2021 | $58.9MM$48.5MM |
| Deposits | Q2 2022vs Q2 2021 | $141.3MM$134.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $7.9MM$13.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $233.00K$816.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $20.00K$53.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |