Overview
What is First Choice Credit Union?
First Choice Credit Union is a financial institution situated in Ottawa, Illinois, specifically at 311 E Joliet ST. This credit union primarily serves its members by offering consumer lending and accepting deposits. It manages over 2,800 member share accounts and more than 700 loan accounts, including Visa cards. The credit union's mission is to ensure the security of savings and provide various financial services to its members in a convenient and responsive manner, offering competitive rates while maintaining financial stability and sufficient capital within the organization.
Official website here: www.firstchoicecu.com
Is First Choice Credit Union legitimate?
First Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Choice Credit Union 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,612
For more financial information, click here
Official website here: www.firstchoicecu.com
What is the mission statement of First Choice Credit Union?
First Choice Credit Union is committed to safeguarding its members' savings and offering a range of competitive financial services in a convenient and responsive manner. The credit union prioritizes financial stability and maintains sufficient capital within the organization to ensure reliable operations. They cater to over 2,800 member share accounts and over 700 loan accounts, including Visa cards.
In essence, First Choice Credit Union's mission is to protect its members' savings and provide them with a variety of financial services, all while maintaining financial stability and providing competitive rates. The credit union aims to deliver these services in a convenient and responsive manner, ensuring the well-being of its members' financial needs.
Official website here: www.firstchoicecu.com
Who is the CEO of First Choice Credit Union?
Thom Ewen is the Director of First Choice Credit Union.
Official website here: www.firstchoicecu.com
What is the revenue of First Choice Credit Union?
First Choice Credit Union's revenue in 2021 was $364,347.
Official website here: www.firstchoicecu.com
Who are the executives of First Choice Credit Union and what are their salaries?
There 7 volunteers at First Choice Credit Union.
Here are 8 key members and their salaries:
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Official website here: www.firstchoicecu.com
Where can I find the form 990 for First Choice Credit Union?
First Choice Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.firstchoicecu.com
Learn more at the official website: www.firstchoicecu.com
Mission Statement of First Choice Credit Union
First Choice Credit Union's mission is centered around ensuring the security of savings and providing a variety of competitive financial services to its members. The credit union strives to deliver these offerings in a convenient and responsive manner, maintaining financial stability and having sufficient capital within the organization. The primary objective of First Choice Credit Union is to safeguard its members' savings and financial well-being, offering them an array of services at reasonable rates. The credit union's operations encompass consumer lending and managing deposits from its membership, which exceeds 2,800 share-type accounts and over 700 loan-type accounts, including Visa cards.
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Impact
October, 2024
First Choice Credit Union creates a significant impact in the Ottawa, IL community by providing a secure environment for members to save and access essential financial services. With a focus on convenience and responsiveness, the credit union offers competitive rates that benefit over 2,800 member share accounts and more than 700 loan accounts, including Visa cards. By fulfilling its mission to maintain financial stability and adequate capital, First Choice Credit Union not only enhances the overall financial well-being of its members but also fosters a sense of community trust and support in local economic development. The organization’s commitment to consumer lending and member savings helps empower individuals and families, ensuring they have the necessary resources at their fingertips for both day-to-day needs and long-term financial goals.
This information is meant to be a general summary of First Choice Credit Union. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $53,955
- Program Service Revenue: $310,392
- Gross Receipts: $364,347
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$134,327
FEES AND CHARGES
Revenue
$176,065
Organization Details
Founding Year
1953
Phone
(815) 434-5860Principal Officer
Thom Ewen
Main Address
311 E JOLIET ST, OTTAWA, IL, 61350
Website
www.firstchoicecu.comNTEE Category
Code: W60 - Public benefit
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