Overview
What is First Choice Credit Union?
First Choice Credit Union is a member-owned, not-for-profit financial organization, headquartered with a commitment to serving its members by offering a diverse range of financial products and services in a responsible and professional manner. The credit union's primary goal is to maintain its long-term financial stability while providing its members with competitive rates. It achieves this by holding deposits from its members and lending back to them through various programs. In doing so, First Choice Credit Union aims to build a community of financially secure members.
Official website here: www.firstchoicecreditunion.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: $120,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,549
For more financial information, click here
Official website here: www.firstchoicecreditunion.com
What is the mission statement of First Choice Credit Union?
First Choice Credit Union, as a not-for-profit, member-owned financial organization, is committed to offering its members a diverse array of financial products and services. It operates with a focus on delivering these offerings in a personal and professional manner, ensuring competitiveness in its rates. The main objective of First Choice Credit Union is to maintain its long-term financial stability while providing its members with financial services. The credit union achieves this by managing its funds, holding deposits from members, and offering loans to them.
Official website here: www.firstchoicecreditunion.com
Who is the CEO of First Choice Credit Union?
Rob Schulz is the Treasurer of First Choice Credit Union.
Official website here: www.firstchoicecreditunion.com
What is the revenue of First Choice Credit Union?
First Choice Credit Union's revenue in 2022 was $1,200,171.
Official website here: www.firstchoicecreditunion.com
Who are the executives of First Choice Credit Union and what are their salaries?
The average compensation at First Choice Credit Union during 2022 was $38,546. There are 11 employees and 10 volunteers at First Choice Credit Union.
Here are 9 key members and their salaries:
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- Other: $0
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- Other: $0
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- Compensation: $64,906
- Related: $0
- Other: $3,673
- Compensation: $55,548
- Related: $0
- Other: $2,777
Official website here: www.firstchoicecreditunion.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 2022 and can be accessed here.
Official website here: www.firstchoicecreditunion.com
Learn more at the official website: www.firstchoicecreditunion.com
Mission Statement of First Choice Credit Union
First Choice Credit Union, as a not-for-profit, member-owned financial organization, is committed to offering its members a diverse selection of financial products and services. This is done in a personal and professional manner, ensuring the utmost customer satisfaction. The credit union's primary goal is to maintain its long-term financial stability while providing these services at competitive rates. The organization operates on the principle of holding deposits from its members and lending them back, thereby strengthening its financial foundation and serving its members effectively.
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Impact
October, 2024
First Choice Credit Union significantly impacts its community by providing a range of financial products and services designed to meet the diverse needs of its members. By focusing on personal and professional service, it ensures that members receive competitive rates and tailored support, fostering financial literacy and security. The credit union actively promotes long-term financial stability, which benefits not only its members but also contributes to the overall economic health of Marshfield, WI.
Through member deposits, First Choice facilitates loans that empower individuals and families to achieve their financial goals, whether it's purchasing a home, financing education, or starting a business. This member-centric approach reinforces a sense of community and collaboration, as profits are reinvested back into the credit union to enhance services and offer additional programs. Overall, First Choice Credit Union plays a vital role in supporting the financial well-being of its members while cultivating a stronger, interconnected community.
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 2022.
- Investment Income: $228,503
- Program Service Revenue: $971,668
- Gross Receipts: $1,200,171
Assets and Liabilities:
- Total Assets: $44,491,609
- Total Liabilities: $38,550,142
- Net Assets: $5,941,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$749,044
INTERCHANGE INCOME
Revenue
$128,827
FEE INCOME
Revenue
$56,700
INSURANCE SALES
Revenue
$37,097
Organization Details
Founding Year
1967
Phone
(715) 387-8405Principal Officer
Rob Schulz
Main Address
1614 E 4TH STREET, MARSHFIELD, WI, 544494601
NTEE Category
Code: W60 - Public benefit
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