Sep, 30, 2025 — AMERICA'S FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 22 branch locations and about $2.63 billion in total assets. Opened 90 years ago in 1936, AMERICA'S FIRST FEDERAL CREDIT UNION has about 195,598 members and employs 456 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICA'S FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 4th Ave N BIRMINGHAM, AL 35203-1631 |
| Phone: | (205) 320-4185 |
| Fax: | (205) 320-7042 |
| Website: | https://www.amfirst.org |
| Branches: | 22 branch locations |
| Members: | 195,598 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24534 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,625,201,585 |
| CEO/Manager: | Kevin Morris |
| Chairperson: | Ross Mitchell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 206,158,937 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 628,208,577 |
| Unsecured Loans | 87,966,628 |
| Other Loans | 1,451,232,535 |
| TOTAL LOANS | 2,174,115,804 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,150,334 |
| Land And Building | 54,793,537 |
| Other Fixed Assets | 8,993,233 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 21,129,897 |
| All Other Assets | 962,375 |
| TOTAL ASSETS | 2,625,201,585 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,578,057 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,807,788 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 359,887,314 |
| Regular shares | 891,364,795 |
| All Other Shares & Deposits | 1,034,178,763 |
| TOTAL SHARES & DEPOSITS | 2,285,430,872 |
| TOTAL LIABILITIES | 2,312,816,717 |
| Regular Reserve | 0 |
| Other Reserves | -3,140,812 |
| Undivided Earnings | 315,525,680 |
| TOTAL EQUITY | 312,384,868 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,625,201,585 |
| INCOME & EXPENSE | |
| Loan Income | 86,194,735 |
| Investment Income | 8,521,286 |
| Other Income | 9,185,112 |
| Total Employee Compensation & Benefits | 30,362,706 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 27,752,841 |
| Non-operating Income & (Expense) | -40,154 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,160,366 |
| Cost of Funds | 26,660,016 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,230,175 |
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