First Choice Financial
First Choice Financial is a credit union based in Gloversville, New York, established in 1972, with $181 million in total assets serving 13,355 members. By Trust Grade it ranks 93rd of 267 credit unions we track in New York. Its net worth ratio of 12.9% is stronger than 70% of similarly sized credit unions, versus a New York median of 12%. It was profitable over the most recent period, with a 0.68% return on assets. No consumer complaints against First Choice Financial appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Choice Financial compares to New York peers
How we graded First Choice Financial
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.9% capital ratio)
- Profitable (ROA 0.68%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Choice Financial over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at First Choice Financial insured?
Yes. First Choice Financial is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Choice Financial: frequently asked questions
Is First Choice Financial a good credit union?
First Choice Financial earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (12.9% capital ratio); Profitable (ROA 0.68%).
Is First Choice Financial NCUA-insured?
Yes. First Choice Financial is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is First Choice Financial?
First Choice Financial holds $181 million in total assets, ranking 93rd of 267 credit unions we track in New York. It serves 13,355 members.
Does First Choice Financial have CFPB complaints?
No CFPB complaints against First Choice Financial appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
