Sep, 30, 2022 — AMERICA'S FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 21 branch locations and about $2.33 billion in total assets. Opened 87 years ago in 1936, AMERICA'S FIRST FEDERAL CREDIT UNION has about 194,961 members and employs 415 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: | www.amfirst.org |
| Branches: | 21 branch locations |
| Members: | 194,961 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,327,194,441 |
| CEO/Manager: | Bill Connor |
| Chairperson: | Barney Hatten |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 489,935,124 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 422,046,324 |
| Unsecured Loans | 65,405,091 |
| Other Loans | 1,026,028,193 |
| TOTAL LOANS | 1,513,479,608 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,066,864 |
| Land And Building | 54,793,730 |
| Other Fixed Assets | 7,835,550 |
| NCUSIF Deposit | 18,828,161 |
| All Other Assets | 749,849 |
| TOTAL ASSETS | 2,327,194,441 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 366,710 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,219,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 345,562,169 |
| Regular shares | 1,125,167,261 |
| All Other Shares & Deposits | 614,409,602 |
| TOTAL SHARES & DEPOSITS | 2,085,139,032 |
| TOTAL LIABILITIES | 2,107,725,283 |
| Regular Reserve | 0 |
| Other Reserves | -12,114,974 |
| Undivided Earnings | 231,584,132 |
| TOTAL EQUITY | 219,469,158 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,327,194,441 |
| INCOME & EXPENSE | |
| Loan Income | 35,872,759 |
| Investment Income | 6,026,520 |
| Other Income | 9,470,592 |
| Total Employee Compensation & Benefits | 24,541,250 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,611,989 |
| Non-operating Income & (Expense) | 71,335 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,651,308 |
| Cost of Funds | 5,192,993 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,405,436 |
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