First Choice Credit Union
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.4 has resulted in Weak (2.7) profitability.
Other Rating Factors:
A current level of 4.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.6). Good current capitalization (5.9 on a scale of 0 to 10) based on a net capital to total assets of 8.3 and a net worth ratio of 10.7.
Asset Mix:
Consumer loans (31%), home mtgs (11%), 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
Melbourne, FL
Lakeland, FL
West Palm Beach, FL