ATLANTA–1st Choice Credit Union here has been placed into conservatorship by NCUA and the Georgia Department of Banking and Finance.
The $38.6-million 1st Choice Credit Union reported a loss of $149,436 and net worth of 8.50% as of March 31. At year-end 2023, it posted a $108,878 loss, with net worth of 8.65%.
1st Choice has approximately 6,709 members and serves employees of Grady Hospital, Morehouse School of Medicine faculty, Emory University School of Medicine faculty, Southside Healthcare, Atlanta Life Insurance Company, South Fulton Community Development Corporation, credit union staff, and family members.
NCUA said member services will continue uninterrupted at both of the credit union’s branches in Atlanta.
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