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 |
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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 |
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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 |
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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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