Dec, 31, 2023 — AMERICAN FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BREA, CA with 5 branch locations and about $1.00 billion in total assets. Opened 35 years ago in 1989, AMERICAN FIRST CREDIT UNION has about 42,431 members and employs 130 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN FIRST CREDIT UNION |
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Address: (Main Office) | 6 Pointe Dr Ste 400 BREA, CA 92821-6322 |
Phone: | (800) 290-1112 |
Fax: | (714) 529-0129 |
Website: | https://amerfirst.org |
Branches: | 5 branch locations |
Members: | 42,431 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68485 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1989 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,002,818,165 |
CEO/Manager: | Jon Shigematsu |
Chairperson: | Tom Cook |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,909,346 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,999,752 |
Real Estate Loans | 626,289,815 |
Unsecured Loans | 14,174,622 |
Other Loans | 175,087,846 |
TOTAL LOANS | 815,552,283 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,235,560 |
Land And Building | 0 |
Other Fixed Assets | 7,764,379 |
NCUSIF Deposit | 7,486,699 |
All Other Assets | 545,879 |
TOTAL ASSETS | 1,002,818,165 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 40,000,000 |
Accounts Payable & Other Liabilities | 15,178,002 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 111,232,592 |
Regular shares | 208,616,402 |
All Other Shares & Deposits | 535,081,608 |
TOTAL SHARES & DEPOSITS | 854,930,601 |
TOTAL LIABILITIES | 910,153,495 |
Regular Reserve | 0 |
Other Reserves | -10,605,227 |
Undivided Earnings | 103,269,897 |
TOTAL EQUITY | 92,664,670 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,002,818,165 |
INCOME & EXPENSE | |
Loan Income | 35,333,460 |
Investment Income | 4,328,810 |
Other Income | 2,535,643 |
Total Employee Compensation & Benefits | 14,364,018 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,899,693 |
Non-operating Income & (Expense) | -700,836 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,028,777 |
Cost of Funds | 15,439,901 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,694,276 |
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