First Choice Credit Union
Major Rating Factors:
A current level of 2.7 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.1). Good current capitalization (5.7 on a scale of 0 to 10) based on a net capital to total assets of 8.1 and a net worth ratio of 10.7.
Other Rating Factors:
Fair liquidity 4.4, driven by a liquidity ratio of 23.4 percent and a “hot money” ratio of 13.9 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.3 on a scale of 0 to 10).
Asset Mix:
Consumer loans (31%), home mtgs (10%), comm loans (1%), other (58%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
1055 South Congress Avenue
West Palm Beach, FL 33406
West Palm Beach, FL 33406
Phone Number
(561) 641-0100
NCUA Charter Number
Website
Largest Competitors
Tampa, FL
Jacksonville, FL
Lakeland, FL
Melbourne, FL
West Palm Beach, FL