First Choice Credit Union

First Choice Credit Union was chartered in 1991 and its charter number is 67725. First Choice Credit Union's address registered with the NCUA is 1055 S CONGRESS AVENUE, WEST PALM BEACH, FL 33406. As of 10/24/06, First Choice CU reported $134,100,042 in assets. The credit union currently has 19,678 members. It's Manager/CEO is Michael J. Welte. The credit unions website is www.firstchoicecu.org

First Choice Credit Union is a member of the Florida Credit Union League.

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First Choice Credit Union Financial Evaluation

2004 Total Assets: $143,003,646.00 Total Loans: $127,366,625.00 Net Worth Ratio: 8.18 % Share Growth: 9.63 % Loan Growth: -1.27 Loans/Assets Ratio: 89.06 Loans/Assets Ratio: 3.68 Numbers of Members: 20,397 Number of Full-time Employees: 51.5
2005 Total Assets: $137,731,359.00 Total Loans: $116,269,446.00 Net Worth Ratio: 9.47 % Share Growth: -3.61 % Loan Growth: -8.71 Loans/Assets Ratio: 84.41 Loans/Assets Ratio: 9.08 Numbers of Members: 20,518 Number of Full-time Employees: 54.5
2006 Total Assets: $138,025,325.00 Total Loans: $111,339,237.00 Net Worth Ratio: 9.74 % Share Growth: -7.86 % Loan Growth: -4.24 Loans/Assets Ratio: 80.66 Loans/Assets Ratio: 13.3 Numbers of Members: 19,475 Number of Full-time Employees: 52.5

May 18, 2010

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