State Chartered Credit Unions In Florida First Choice Credit Union

First Choice Credit Union

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

EIN: 590389335 ✦ West palm beach, FL ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Unions In Florida First Choice Credit Union?

State Chartered Credit Unions in Florida, specifically First Choice Credit Union, is a nonprofit organization situated in West Palm Beach, Florida. With a dedicated workforce of 30 individuals, they provide personal financial services exclusively to their members. Their mission involves offering competitive rates on loans and investments, as well as various other financial products. Their headquarters can be found at 1055 S Congress Avenue, offering local residents access to a wide range of financial services.


Official website here: www.firstchoicecu.org

What do the Facebook reviews say about State Chartered Credit Unions In Florida First Choice Credit Union?

94% of 48 reviewers on Facebook recommend First Choice Credit Union. Here’s a brief look at what they are saying:

Many users appreciate the modern features offered, such as mobile deposits, which make banking more convenient. The efficiency of the fraud detection department is frequently mentioned as a significant strength, indicating a strong trust in their security measures. Overall, patrons feel satisfied with the services provided and express gratitude for the responsive and innovative approach of the credit union.


This AI summary has been generated from reviews found on Facebook.

Is State Chartered Credit Unions In Florida First Choice Credit Union legitimate?

State Chartered Credit Unions In Florida First Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In Florida 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: $254,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,196,368

For more financial information, click here


Official website here: www.firstchoicecu.org

What is the mission statement of State Chartered Credit Unions In Florida First Choice Credit Union?

State Chartered Credit Unions In Florida First Choice Credit Union is dedicated to providing personal financial services to its members. The mission of this credit union is to offer competitive rates on loans and investments, along with various other financial products, exclusively to its members. The primary aim is to ensure that its members have access to reliable and affordable financial solutions. The credit union's activities are focused on offering personalized services that cater to the financial needs of its members. In summary, State Chartered Credit Unions In Florida First Choice Credit Union serves its members by providing them with financial services that are both competitive and tailored to their individual requirements.


Official website here: www.firstchoicecu.org

Who is the CEO of State Chartered Credit Unions In Florida First Choice Credit Union?

Michael Welte is the Ceo of State Chartered Credit Unions In Florida First Choice Credit Union. The CEO's salary of State Chartered Credit Unions In Florida First Choice Credit Union is $254,497 and their total compensation is $254,497.


Official website here: www.firstchoicecu.org

What is the revenue of State Chartered Credit Unions In Florida First Choice Credit Union?

State Chartered Credit Unions In Florida First Choice Credit Union's revenue in 2022 was $4,442,723.


Official website here: www.firstchoicecu.org

Who are the executives of State Chartered Credit Unions In Florida First Choice Credit Union and what are their salaries?

The average compensation at State Chartered Credit Unions In Florida First Choice Credit Union during 2022 was $48,362. There are 30 employees and 9 volunteers at State Chartered Credit Unions In Florida First Choice Credit Union.


Here are 8 key members and their salaries (State Chartered Credit Unions In Florida First Choice Credit Union's CEO's salary is $254,497 and their total compensation is $254,497):


Michael J Welte (Ceo)
  • Compensation: $254,497
  • Related: $0
  • Other: $0
Anthony Marasciullo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Delancy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taryn Guariglia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Diffenbach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mcgovern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Rodriguez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstchoicecu.org

Where can I find the form 990 for State Chartered Credit Unions In Florida First Choice Credit Union?

State Chartered Credit Unions In Florida First Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.firstchoicecu.org

Learn more at the official website: www.firstchoicecu.org

Mission Statement of State Chartered Credit Unions In Florida First Choice Credit Union

State Chartered Credit Unions In Florida First Choice Credit Union is committed to providing personal financial services to its members. The organization's mission is centered around offering competitive rates on loans and investments, as well as various other financial products, exclusively to its member base. This nonprofit credit union operates with the goal of providing its members with financial services that cater to their unique needs, ensuring they have access to essential financial tools. The programs and services offered by State Chartered Credit Unions In Florida First Choice Credit Union are designed to support its members in managing their finances effectively and making sound financial decisions.

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Impact




October, 2024

State Chartered Credit Unions In Florida First Choice Credit Union significantly contributes to the financial well-being of its members by providing a range of personal financial services tailored to their needs. Located in West Palm Beach, Florida, this credit union offers competitive rates on loans and investments, enabling individuals to improve their financial stability and achieve their personal goals.

By fostering a sense of community and member-focused service, the credit union promotes responsible borrowing and saving practices. The programs offered help members navigate their financial options effectively, enhancing their overall financial literacy and independence. The emphasis on exclusive services for members ensures that the credit union remains aligned with the needs and interests of its community, ultimately strengthening the local economy.

Overall, the impact of First Choice Credit Union is evident in its dedication to improving the financial health and security of its members through accessible and beneficial financial products.




This information is meant to be a general summary of State Chartered Credit Unions In Florida 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.

Revenue
$4,442,723 (2022)
Expenses
$3,171,142 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,217,525
  • Program Service Revenue: $3,220,772
  • Gross Receipts: $5,062,533

Assets and Liabilities:

  • Total Assets: $148,372,819
  • Total Liabilities: $140,790,306
  • Net Assets: $7,582,513

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Programs

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

LOAN INCOME

Revenue

$2,067,508

FEE INCOME

Revenue

$621,220

INSURANCE RELATED

Revenue

$70,987

CARD INCOME

Revenue

$420,718

MORTGAGE INCOME

Revenue

$13,200

Organization Details

Founding Year

1929

Principal Officer

Michael Welte

Main Address

1055 S CONGRESS AVENUE, WEST PALM BEACH, FL, 33406

NTEE Category

Code: W60 - Public benefit

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