In 1935, the West Penn Power Affiliated Federal Credit Union was established to serve the employees of West Penn Power. The Credit Union changed its’ name to Allegheny Advantage Federal Credit Union and then to Allegheny Energy Federal Credit Union.
In 2012, the name was changed to FirstEnergy Choice Federal Credit Union to coincide with our updated charter which offers membership to family members of existing members, all employees/retirees of FirstEnergy Corp. and their family members, and retirees of Allegheny Energy, Inc. and their family members.
The Credit Union is governed by a volunteer Board of Directors who are members and are elected by the members. The Board, in turn, employs a Professional Staff to operate the Credit Union. Members also elect a volunteer Credit Committee from the membership who reviews loan applications. Elections are held by mail annually. The election results are announced at the Annual Meeting of the members, which is held in April or May.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154