Program areas at 1st Choice Credit Union
Earnings from Investments - the excess of funds recieved from members over the amount loaned to members, as well as accumulated surpluse, is invested in securites allowed by the NCUA and the credit unions governing documents.
Loans - interest is charged at lower than market rates to provide loan products to members. Loans include home mortgages and automobile loans. Members benefit from lower rates with the 1st Choice Credit Union, comparing to other lending instituions.
Fee Income - fees and charges are assessed to members for financial services. These fees generate the revenue necessary to pay the cost to provide these services.
Who funds 1st Choice Credit Union
Grants from foundations and other nonprofits
Personnel at 1st Choice Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Marsha Hahn | Interim Chief Executive Officer | | 2024-11-23 |
| Dina Hairston | Past Chief Executive Officer | $168,270 | 2023-11-15 |
| Jameka Lain | Past Chief Executive Officer / Branch Manager | $36,250 | 2022-12-31 |
| Cassius F Butts | Past Chief Executive Officer / Board Member | $100,438 | 2021-12-31 |
| Sharon R Odom | Past Chief Executive Officer | $4,038 | 2020-12-31 |
| ...and 5 more key personnel |
Financials for 1st Choice Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $635,665 | $1,190,600 | -46.6% |
| Program services | $2,154,834 | $1,389,562 | 55.1% |
| Investment income and dividends | $356,727 | $255,221 | 39.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $251,314 | $94,124 | 167% |
| Total revenues | $3,398,540 | $2,929,507 | 16% |
Organizations like 1st Choice Credit Union
| Organization | Type | Location | Revenue |
|---|
| Community Choice Credit Union - 240 Community Choice Credit Union | 501(c)(14) | Commerce City, CO | $3,701,255 |
| Midwest Coalition of Labor Credit Union | 501(c)(14) | Countryside, IL | $3,808,388 |
| Mercy Credit Union | 501(c)(14) | Springfield, MO | $3,619,059 |
| Alliance Credit Union | 501(c)(14) | Fenton, MO | $16,401,673 |
| Members Plus Credit Union | 501(c)(14) | Medford, MA | $11,966,084 |
| Downeast Credit Union | 501(c)(14) | Baileyville, ME | $16,106,826 |
| Ashland Credit Union | 501(c)(14) | Ashland, KY | $16,845,160 |
| VUE Community Credit Union | 501(c)(14) | Bismarck, ND | $4,137,962 |
| Century Credit Union | 501(c)(14) | Saint Louis, MO | $7,483,005 |
| Service One Credit Union (SOCU) | 501(c)(14) | Bowling Green, KY | $12,679,775 |
Data update history
November 23, 2024
Updated personnel
Identified 1 new personnel
October 15, 2024
Updated personnel
Identified 1 new personnel
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
September 23, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from Advocare Foundation Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
Public policy
Characteristics
Memberships
General information
- Address
- 315 Auburn Ave
- Atlanta, GA 30303
- Metro area
- Atlanta-Sandy Springs-Alpharetta, GA
- County
- Fulton County, GA
- Website URL
- 1stchoicecu.org/board-of-directors/Â
- Phone
- (404) 832-5800
IRS details
- EIN
- 58-6035220
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1946
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Independent
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