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First Choice American Credit Union moves forward

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A highlight of the recent annual meeting of First Choice America Credit Union was the presentation of the annual Community Spirit Award to the Weirton Fire Department. This organization is dedicated to the community and many times exhibits heroic efforts during critical and sometimes life-threatening situations. The organization received a plaque and a cash award of $2,500. Pictured are the credit union’s board of directors and the award winner, from left, John R. Thayer, Scott E. Winwood, Weirton Fire Department Fire Chief Kevin Himmelrick, Scott E. Winwood, Kenneth W. Truax, Robert G. Mrvos and Edward L. Kennedy. (Submitted photo)

WEIRTON -- First Choice America Credit Union continued to make significant progress in 2023, its 84th year, amid tough competition, economic uncertainty, record inflation and a volatile interest rate environment. The Credit Union steadily moved forward buoyed by the excellent performance of a committed employee team and the tremendous support and loyalty of its 34,000 members who remain the bedrock of its business.

Scott E. Winwood, president and CEO, said "Our employee team worked diligently to maintain a safe, sound and secure financial institution for its members."

He listed these significant financial achievements in 2023:

¯ Grew assets to a record $600 million.

¯ Expanded deposits to a record $515 million.

¯ Preserved a strong capital position.

"Our Credit Union's capital strength, asset quality and management ability help retain our enviable position as one of the very elite among America's nearly 4,700 credit unions," Winwood stated.

In a quest to offer the best available technology, First Choice America introduced Mobile Deposit to its mobile banking solution which provides our members the convenience to deposit checks from anywhere/anytime by simply taking a picture of the item with their smart phone. Via the mobile banking APP, members have access to their accounts 24 hours a day, seven days a week. In the future, the bank intends to continue maximizing investments in technology to better serve members and strengthen its position in a very competitive marketplace.

During the meeting Robert G. Mrvos and Kenneth W. Truax were reelected to the board of directors. Richard Schaffer, 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.

Starting at /week.