First Choice Community Cu

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 346611264 ✦ Niles, OH ✦ Designated as a 501(c)(14)

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Overview

What is First Choice Community Cu?

First Choice Community Cu is a nonprofit financial cooperative/credit union situated in Niles, Ohio. With a strong focus on its members' welfare, the organization operates by providing them with low-interest loans and promoting savings. Based at 804 Warren Avenue, First Choice Community Cu boasts a team of six dedicated employees who work tirelessly to meet the financial needs of their members. Their mission is to offer banking-type services, including loans, to benefit their community, thereby fostering financial stability and growth among its members.


Official website here: www.fcccu.com

Is First Choice Community Cu legitimate?

First Choice Community Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Choice Community Cu submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $204,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fcccu.com

What is the mission statement of First Choice Community Cu?

First Choice Community Cu, as a financial cooperative or credit union, is committed to serving its members. Its primary mission is to offer them low-interest loans and encourage savings among its member base. By providing affordable loan options, the cooperative aims to support its members financially. Additionally, it offers savings vehicles and banking-type services, benefiting its members in their financial endeavors. The cooperative's activities are geared towards enhancing the financial well-being of its members.


Official website here: www.fcccu.com

Who is the CEO of First Choice Community Cu?

Kathleen Bowen is the Vice President of First Choice Community Cu. The CEO's salary of First Choice Community Cu is $0 and their total compensation is $0.


Official website here: www.fcccu.com

What is the revenue of First Choice Community Cu?

First Choice Community Cu's revenue in 2020 was $473,159.


Official website here: www.fcccu.com

Who are the executives of First Choice Community Cu and what are their salaries?

The average compensation at First Choice Community Cu during 2020 was $34,090. There are 6 employees at First Choice Community Cu.


Here are 7 key members and their salaries (First Choice Community Cu's CEO's salary is $0 and their total compensation is $0):


Devon Stanley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Sgambati (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol A Sopkovich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Georgianne Padavoni (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Bowen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Kovacs (Board Member-Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Daniel Sgambati (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fcccu.com

Where can I find the form 990 for First Choice Community Cu?

First Choice Community Cu's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.fcccu.com

Learn more at the official website: www.fcccu.com

Mission Statement of First Choice Community Cu

First Choice Community Cu, as a financial cooperative or credit union, is dedicated to providing its members with affordable loan options and encouraging savings among them. This mission-driven organization serves its members by offering low-interest loans, acting as a financial safety net during times of need. Moreover, First Choice Community Cu promotes savings among its members by providing various banking-type services, such as savings vehicles. By doing so, the cooperative aims to empower its members financially and help them build a more secure financial future.

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Impact




October, 2024

First Choice Community Credit Union significantly impacts its members by offering low-interest loans, which can alleviate financial burdens and promote economic stability. This financial cooperative fosters a culture of savings among its members, providing accessible savings vehicles and banking services tailored to their needs. Based in Niles, OH, it focuses on empowering individuals and families by facilitating their financial growth and well-being. Through its mission, First Choice Community Credit Union enhances the financial literacy and resilience of its members, contributing to a stronger, more empowered community.




This information is meant to be a general summary of First Choice Community Cu. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$473,159 (2020)
Expenses
$648,394 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $185,087
  • Program Service Revenue: $197,675
  • Gross Receipts: $473,159

Assets and Liabilities:

  • Total Assets: $20,090,184
  • Total Liabilities: $16,639,606
  • Net Assets: $3,450,578

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER LOAN INTEREST

Revenue

$197,675

Organization Details

Founding Year

1968

Principal Officer

Kathleen Bowen

Main Address

804 Warren Avenue, Niles, OH, 44446

NTEE Category

Code: W60 - Public benefit

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