Mar, 31, 2022 — AMERICA'S FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 21 branch locations and about $2.27 billion in total assets. Opened 86 years ago in 1936, AMERICA'S FIRST FEDERAL CREDIT UNION has about 189,358 members and employs 406 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: | 189,358 |
| 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: | $2,273,453,800 |
| CEO/Manager: | Bill Connor |
| Chairperson: | Barney Hatten |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 679,643,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 340,749,542 |
| Unsecured Loans | 62,929,294 |
| Other Loans | 860,163,430 |
| TOTAL LOANS | 1,263,842,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,859,823 |
| Land And Building | 54,977,131 |
| Other Fixed Assets | 6,523,065 |
| NCUSIF Deposit | 18,192,260 |
| All Other Assets | 610,285 |
| TOTAL ASSETS | 2,273,453,800 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 272,231 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,021,882 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 329,304,176 |
| Regular shares | 1,117,830,826 |
| All Other Shares & Deposits | 586,367,840 |
| TOTAL SHARES & DEPOSITS | 2,033,502,842 |
| TOTAL LIABILITIES | 2,048,796,955 |
| Regular Reserve | 0 |
| Other Reserves | -5,717,023 |
| Undivided Earnings | 230,373,868 |
| TOTAL EQUITY | 224,656,845 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,273,453,800 |
| INCOME & EXPENSE | |
| Loan Income | 11,076,034 |
| Investment Income | 760,233 |
| Other Income | 2,814,161 |
| Total Employee Compensation & Benefits | 7,910,829 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,227,897 |
| Non-operating Income & (Expense) | -311 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 408,245 |
| Cost of Funds | 1,324,771 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,195,171 |
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