1 St Choice Credit Union
Atlanta, GA
What do they do?
1st Choice Credit Union is like a special bank that's owned by its members instead of shareholders. They help people save money, get loans for cars and houses, and provide banking services at better rates than regular banks.
Their mission:
"To help members save money and get better rates on loans than they could get from other banks"
💵 Money In vs. Money Out (2023)
Money they received
$3.4 million
Money they spent
$3.3 million
✅ They had money left over. They received $109K more than they spent.
💡 This shows the big picture: how much came in and how much went out for the year.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
Donations from people Money contributed by members and others | $1.2 million | 41% |
Money earned from services Fees from banking services and loan interest earned | $1.4 million | 47% |
Investment earnings Money their savings and investments earned | $255K | 9% |
Other income Warranty fees, insurance income, and other miscellaneous revenue | $94K | 3% |
| Total | $2.9 million | 100% |
💡 This shows all the different ways this organization received money during the year.
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
Employee salaries & benefits Paychecks, health insurance, and retirement benefits for workers | $1.0 million | 45% |
Executive/officer pay What the bosses and key managers get paid | $365K | 16% |
Office & rent Office supplies, rent, utilities, and building costs | $229K | 10% |
Professional services Lawyers, accountants, consultants, and outside services | $306K | 13% |
Technology & equipment Computers, software, and technical equipment | $121K | 5% |
Travel Flights, hotels, and transportation for business | $15K | 1% |
Advertising & promotion Marketing, advertising, and promoting their services | $12K | 1% |
Other expenses Interest payments, insurance, and other operating costs | $210K | 9% |
| Total spent | $2.3 million | 100% |
💡 This is the real breakdown from their tax filing. It shows exactly what they spent money on.
👥 Who runs this organization? (2023)
| Name | Job Title | Paid |
|---|---|---|
| Dina Hairston | CEO | $168,270 |
| Claudie Johnson | CEO | $160,000 |
| Jameka Lain | CEO | $36,250 |
💡 These are the people who make decisions for this organization and how much they were paid for the year.
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $40.2 million |
| 💳 Total they owe (debts) | $36.7 million |
| 📊 What's left (net worth) | $3.5 million |
💡 Their net worth is positive, meaning they own more than they owe. This is generally a healthy sign.
🎯 What programs do they run?
They run three main programs: 1) Investment services - helping members grow their money through safe investments, 2) Fee services - charging small fees for banking services to cover costs, and 3) Loan services - giving members loans at lower interest rates than other banks for things like cars and homes.
⚠️ Things you might want to know
This appears to be a credit union (member-owned financial institution) rather than a traditional nonprofit charity, so the financial structure is different from typical nonprofits. The CEO compensation seems reasonable for a financial institution of this size.
📄 Where did we get this info?
This comes from the IRS Form 990 that 1 St Choice Credit Union filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.