First Choice Credit Union

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A short history of First Choice CU

Since its inception in 1929 the First Choice Credit Union has been serving its members in the WEST PALM BEACH, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Welte, the First Choice CU has grown its membership to over 10,677 with assets of more than $108,697,574. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (561) 641-0100 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WEST PALM BEACH, FL.

General Information For First Choice CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67725
Address 1055 S CONGRESS AVE 
State Florida 
Zip-Code 33406
Phone Number (561) 641-0100
Fax Number (561) 641-7931
Email Address:
CEO/President Michael Welte
Members 10,677 
Full-Time Employees 31 
Part-Time Employees
Number of Branch Offices
Total Assets 108,697,574 

Compare First Choice Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Guardians CU Boynton Beach 1301 N Congress Ave 33426 (561) 686-4006 No 0.31
Gold Coast CU Port St. Lucie 10000 S US Highway 1 34952 (772) 335-2083 No 1.33
Town Of Palm Beach CU Main Office 951 Okeechobee Rd Ste B 33401 (561) 655-4282 No 3.40
Velocity Community CU Pratt Office 17900 BEE LINE HWY 33420 (561) 775-2525 No 12.60
Ibm Southeast Employees CU Southlake 1135 Mount Zion Rd 33420 (770) 961-1101 No 12.93

First Choice Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First Choice Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 14.76 3.85 4.35 4.00 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 515 257 246 138 100
Rank Among All Florida Credit Unions 61 53 34 19 7

First Choice Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.05 0.05 0.50 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 140 143 142 263 266
Rank Among All Florida Credit Unions 19 22 29 50 38
First Choice Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 14.7601,7031,459,233
All Other Unsecured Loans/Lines of Credit 11.0007251,228,564
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.8502835,094,802
Used Vehicle Loans 4.3501,10713,615,149
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000859,752,486
Total Other Real Estate Loans/Lines of Credit 4.00024713,037,464
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.00084445,792
TOTAL LOANS & LEASES 4,23444,633,490

First Choice Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 485,246,14600
    b. 15 Years or less 303,666,77500
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 7839,56500
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 21012,240,407292,569,900
Closed-End Adjustable Rate 26386,73600
Open-End Adjustable Rate 11410,3213244,692
Open-End Fixed Rate 0000
TOTALS 33222,789,950322,814,592


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 11410,321244,692
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First Choice Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes