Nonprofits1St Choice Credit Union

Public & Societal Benefit

1St Choice Credit Union

ATLANTA, GA

Total revenue

$3.4M

Total expenses

$3.3M

Net assets

$3.5M

Grants received

$5K

1 grants

EIN

586035220

Tax year

2023

Mission

1st choice credit union is a not for profit cooperative (owned by the members), financial institution organized to promote thrift and provide credit to members at better rates than those available from other sources.

Programs

2 programs

Fee Income - fees and charges are assessed to members for financial services. These fees generate the revenue necessary to pay the cost to provide these services.

Loans - interest is charged at lower than market rates to provide loan products to members. Loans include home mortgages and automobile loans. Members benefit from lower rates with the 1st Choice Credit Union, comparing to other lending instituions.

Financials

FY 2023

Revenue

Contributions & grants$636K
Program service revenue$2.2M
Investment income$357K
Other revenue$251K
Total revenue$3.4M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising
Other expenses$2.2M
Total expenses$3.3M
Total assets$40.2M
Net assets$3.5M

People

11 listed

NameRoleCompensation

Dina Hairston

COO

Board

$157K

0

Claudie Johnson

CEO

Board

$47K

0

Paresh Patel

Technology Committee Chair

Board

3 hrs/wk

Sheilah Montgomery

Board Secretary

Board

3 hrs/wk

Charlene Turner

Director

Board

3 hrs/wk

Howard Mosby

Chairman of the Board

Board

3 hrs/wk

James E Wright Sr

Nominating Committee Chair

Board

3 hrs/wk

Reginald Lindsay

Credit Committee Chair

Board

3 hrs/wk

Eddie Cheung

Supervisory Committee Chair

Board

3 hrs/wk

Alonzo Llorens

Vice Chairman

Board

3 hrs/wk

Marsha Hahn

CEO

Board

0

Grants received

Showing 1 of 1

FromAmountPurposeYear
$5K
COMMUNITY BENEFIT
2017

Funded by

$5K from 1 funder · 1 grant · 2017

United Way Of Greater Atlanta Inc

$5K · 1 grant · 2017

Details

EIN586035220
NTEE codeW61
Subsection14
Ruling date2019-04
Formed1946
Employees13
1ST CHOICE CREDIT UNION — Mission, Financials & Grants Received | Grantivo