First Choice America ‘steady progress’ in ’17
WEIRTON — First Choice America Credit Union made steady progress in 2017 amid “vigorous competition and a tepid economy.”
According to a release, “Significant progress was achieved, reflecting a strong spirit of teamwork, efficiency, and remaining committed to the financial well-being of the members.”
Robert G. Mrvos, chairman, said “Our employee team worked diligently to maintain a safe, sound and secure financial institution.”
He listed these significant achievements in 2017:
— 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 exclaimed. “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.
“In addition to keeping pace with the latest technology, we continue to offer 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.
“Simply put, your membership in First Choice America is an important and meaningful financial advantage and it adds up to ‘better value’ for your money
Mrvos continued, saying “The formidable combination of a dedicated professional staff, excellent technology, and a complete array of affordable financial products and services positions us to continue making a real difference in the financial lives of the people we serve.
“Throughout our long history, our Credit Union has earned countless awards and commendations for our intensive year round 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. We strive to embrace the merits of good citizenship – and expand our value to society.
First Choice America, Mrvos said, is proud of “our rich heritage” of serving its members and the communities in which they live for the past 78 years.
“We have established strong bonds with our members by providing the most cost effective alternative for all their financial needs,” he said. “We value and cherish these bonds, and are grateful to our members for their loyalty. We will never cease in our efforts to earn both your business and your trust. We remain a safe haven, a reliable resource, and a leader that you can count on for all your financial needs, both today and in the future.”
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, spoke briefly.
Founded in 1939 in Weirton, First Choice America maintains eight offices in the Ohio Valley.