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First Choice Credit Union Share
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Overview Share
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First Choice Credit Union is a federally insured state credit union based in Ottawa, Illinois. It has been opened since 1953, for 69 years.

With around $11,780,000 in assets, First Choice Credit Union is considered to be a medium size credit union.

About Share
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Address 311 E. Joliet Street
Ottawa, Illinois 61350
Website http://www.firstchoicecu.com
Phone (815) 434-5860
Fax (815) 434-5925
CEO Diane M. Johnson
President of the Board Robert Beguin
Services Offered
Score Card Share
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69 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
1,606 members
Membership type: State chartered natural person credit union
Below average number of members
229:1
Credit union member to staff ratio
229 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$11,780,879
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
7.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
First Choice Credit Union Branch Locations

First Choice Credit Union
311 E. Joliet Street
Ottawa, Illinois 61350
No ATM
Members Share
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1,606 members
Membership type: State chartered natural person credit union
Below average number of members

With 1,606 members, the First Choice Credit Union is considered to be a small credit union. It is smaller than 70% of credit unions.

Fees Share
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$127
Average fee per member
The average fee per member at the First Choice Credit Union is $127, which is very high compared to most credit unions. This rate is higher than 92% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the First Choice Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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229:1
Credit union member to staff ratio
229 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

First Choice Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Choice Credit Union has around 229 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$11,780,879
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$8,066
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 69% of credit unions.

First Choice Credit Union holds a total of $4,900,000 in loans and leases, which is about $8,066 per member on average.

Savings interest rate Share
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. First Choice Credit Union pays 0.15%.

Loan rates Share
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7.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.15%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.19%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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3.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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First Choice Credit Union: Main Office
Credit Union Branch: 1055 S. Congress Avenue
West Palm Beach, Florida 33406 ATM Available
First Choice Credit Union
Credit Union Branch: 311 E. Joliet Street
Ottawa, Illinois 61350 No ATM
First Choice Credit Union: Streator Community Credit Union
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First Choice Credit Union: Va Medical Center
Credit Union Branch: 7305 North Military Trl
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First Choice Federal Credit Union
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First Choice Credit Union
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Marshfield, Wisconsin 54449 ATM Available
First Choice Federal Credit Union
Credit Union Branch: 2209 W. State Street
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First Choice Federal Credit Union
Credit Union Branch: 1144 Butler Avenue
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United Methodist First Choice Federal Credit Union
Credit Union Branch: 815 Columbus Street
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First Choice Credit Union: Main Office
Credit Union Branch: 1055 S. Congress Avenue
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