2024-11-15T23:40:39-05:00 2023-12-31 463843904 Alliance CPA Group 1990 Lakeside Parkway Ste 230 Tucker GA 30084 990 2023-01-01 586035220 1st Choice Credit Union 1STC 315 Auburn Avenue Atlanta GA 30303 Marsha Hahn CEO 4048325800 2024-11-15 true true Edward Shafikov P01438320 4044196085 2024-11-15 2023 2024-10-15 13:58:12Z 3398540 false X www.1stchoicecu.org X 1946 GA 1ST CHOICE CREDIT UNION IS A NOT FOR PROFIT COOPERATIVE (OWNED BY THE MEMBERS), FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT BETTER RATES THAN THOSE AVAILABLE FROM OTHER SOURCES. 6827 6827 13 7791 0 1190600 635665 1389562 2154834 255221 356727 94124 251314 2929507 3398540 0 0 1015023 1137595 0 0 1258756 2152069 2273779 3289664 655728 108876 38566816 40163724 35046558 36689343 3520258 3474381 1ST CHOICE CREDIT UNION IS A NOT FOR PROFIT COOPERATIVE (OWNED BY THE MEMBERS), FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT BETTER RATES THAN THOSE AVAILABLE FROM OTHER SOURCES. false false 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. 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. 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. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 20 0 true 13 true true true false false false false false false false false false false false false false false X 6827 6827 false false false false true true true true true false true true true true true true true true true true false GA X X Marsha Hahn 4048325800 315 Auburn Avenue Atlanta GA 30303 Dina Hairston COO 0.00 0.00 X 156583 0 0 Claudie Johnson CEO 0.00 0.00 X 46623 0 0 Paresh Patel Technology Committee Chair 3.00 0.00 X 0 0 0 Sheilah Montgomery Board Secretary 3.00 0.00 X 0 0 0 Charlene Turner Director 3.00 0.00 X 0 0 0 Howard Mosby Chairman of the Board 3.00 0.00 X 0 0 0 James E Wright Sr Nominating Committee Chair 3.00 0.00 X 0 0 0 Reginald Lindsay Credit Committee Chair 3.00 0.00 X 0 0 0 Eddie Cheung Supervisory Committee Chair 3.00 0.00 X 0 0 0 Alonzo Llorens Vice Chairman 3.00 0.00 X 0 0 0 Marsha Hahn CEO 0.00 0.00 X 0 0 0 203206 0 0 1 false true false 635665 635665 Loan Interest Income 522291 1646485 1646485 Fee Income 525990 508349 508349 2154834 356727 356727 Non-Member ATM Fee 525990 7791 7791 Warranty GAP 525990 50009 50009 Credit Life Insurance 525990 21187 21187 172327 172327 251314 3398540 2755084 7791 0 X 203206 732114 118890 83385 13991 23375 384826 23108 210648 107165 56917 9145 845 58009 Dues and Associations 16271 16271 Loan Servicing Fees 313577 313577 State and Federal Exam Fees 9343 9343 924849 3289664 0 0 0 985116 420243 22225372 27145858 93797 142042 2961362 1500613 1459723 1460749 22285 22285 12598500 10061817 1182023 910730 38566816 40163724 -153889 35342 35200447 36654001 35046558 36689343 X 3520258 3474381 3520258 3474381 38566816 40163724 108876 -154753 0 X false false false 145000 145000 1895564 591001 1304563 34884 34879 5 885914 874733 11181 1460749 Capital Shares at Catalyst 22285 22285 Certificates of Deposits 5246000 Money Market Accounts 4815817 10061817 NCUA Share Insurance 338827 Accrued Interest 132413 Fraud Bond Claim Receivable 60000 Miscellaneous Receivables 289141 Other Assets 90349 910730 Certificate Shares 9236786 Other Liabilities 191783 Dividends Payable Share Draft Accounts 5790173 Regular Shares 18353011 Club Shares 674723 Money Market Checking 868041 Other Member Deposits 667632 IRA Shares 758859 Deferred Credits 112993 36654001 X X X false false false Dina Hairston COO 156583 156583 Members or stockholder classes and rights Part VI line 6 THE MEMBERSHIP IS DEFINED BY A CERTIAN GROUP THAT QUALIFIES (FIELD OF MEMBERSHIP). Member election for additional members Part VI line 7a THE CREDIT UNIONS BOARD OF DIRECTORS IS ELECTED BY MEMBERS. Governing body decisions Part VI line 7b CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERS. Local chapters branches affiliates Part VI line 10a THERE ARE POLICIES AND PROCEDURES IN PLACE TO GOVERN OTHER BRANCHES. Form 990 governing body review Part VI line 11 FORM 990 IS REVIEWED BY BOARD AT THE REGULARLY SCHEDULED BOARD MEETINGS BEFORE FILING, OR AT THE NEXT SCHEDULED MEETING AFTER FILING. Conflict of interest policy compliance Part VI line 12c ENFORCEMENT OF CONFLICTS OF INTEREST IS ACTIVELY CARRIED OUT BY THE BOARD OF DIRECTORS. CEO executive director top management comp Part VI line 15a COMPENSATION FOR CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS SUBJECT TO REVIEW AND ACCEPTANCE BY MEMBERS OF THE BOARD. Other officer or key employee compensation Part VI line 15b COMPENSATION FOR KEY OFFICIALS IS SUBJECT TO REVIEW AND ACCEPTANCE BY MEMBERS OF THE BOARD. Governing documents etc available to public Part VI line 19 GOVERNING DOCUMENTS, ETC. ARE AVAILABLE TO PUBLIC. List of other fees for services expenses Part IX line 11g Outside Services 384,826-----------------------------------TOTAL: 384,826 List of other expenses Part IX line 24e Micellaneous Expenses 14,243Software Support 16,170 Payroll Expenses 20,331Shared Branching 96,047Internet Banking 3,087Bill Pay Expense 25,808Loan Loss 401,677ACH/Debit Card 24,145Pulse/Lynk ATM Network 8,189Security 2,170Dividends 187,548ATM Network Fees 28,127Cash over & short 9,492Fiserv 56,865Bldg Repair & Landscaping 6,415Other Expenses 24,535-----------------------------------TOTAL: 924,850