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Causes: Credit Unions, Microfinance
Mission: 1st choice credit union is a not for profit financial institution (owned by members). Ist choice credit union was organized to promote thrift and provide credit to members at better rates than those available from other sources.
Programs: Loans - interest is charged at lower than market rates to provide loan products to members. Loan includes home mortgages and automobile loans. Members benefit from the lower rates with 1st choice credit union compared to other lending instituions.
earning from investments - the excess of the funds recieved from members over the amount loaned to members and accumulated surpluses is invested in securites allowed by the ncua and the credit union's governing documents
fee income - fees and charges are assessed to members for financial services. These fees generate the revenue necessary to pay the cost to provide these services.