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AMERICA'S FIRST FEDERAL CREDIT UNION

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.


ABA Routing Number: 262083881
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

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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