First Choice America Credit Union in Weirton Reports Steady Progress
First Choice America Credit Union made steady progress in 2017 through a strong spirit of teamwork, efficiency, and remaining committed to the financial well-being of its members.
“Our employee team worked diligently to maintain a safe, sound and secure financial institution,” First Choice board Chairman Robert G. Mrvos said.
He listed significant achievements in 2017 for the credit union:
∫ Grew assets to a record $443 million;
∫ Increased loans to an all-time high of $135 million;
∫ Expanded deposits to a record $381 million;
∫ Preserved a strong capital position.
“Our credit union’s capital strength, asset quality and management ability help maintain our enviable position as one of the very elite among America’s credit unions,” Mrvos said.
“These impressive achievements reflect the sincere commitment to success of the officials, management, and staff of First Choice America. Our employee team is highly skilled, dedicated to excellence in serving you, and very proud of the significant strides made during the past year.”
Mrvos said along with upgrading technology to better serve customers, the credit union offers consumers “better rates on loans and deposits, more personalized service, and importantly, fewer fees than other financial institutions. We strive every day to maintain that competitive edge. We are proud to say that no new fees were enacted during the past year.”
He also noted the community work First Choice America performs each year.
“Throughout our long history, our credit union has earned countless awards and commendations for our intensive … community involvement practices. We strive to increase our value to society and embrace the merits of good citizenship by generously supporting a wide variety of charitable organizations throughout the communities that we serve,” he said.
That service has remained strong for 78 years.
During the meeting, Mrvos and Kenneth W. Truax were reelected to the board of directors. Ken Watts, president of the West Virginia Credit Union League, also spoke.