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 |
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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: | 189,358 |
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: | $2,273,453,800 |
CEO/Manager: | Bill Connor |
Chairperson: | Barney Hatten |
ASSETS: | $ Amount |
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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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