Dec, 31, 2020 — AMERICA'S FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 21 branch locations and about $1.97 billion in total assets. Opened 85 years ago in 1936, AMERICA'S FIRST FEDERAL CREDIT UNION has about 182,854 members and employs 387 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) | P.O. BOX 11349 BIRMINGHAM, AL 35203 |
| Phone: | (205) 320-4185 |
| Fax: | (205) 320-7042 |
| Website: | http://www.amfirst.org |
| Branches: | 21 branch locations |
| Members: | 182,854 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,966,689,653 |
| CEO/Manager: | Bill Connor |
| Chairperson: | Cathy M Antee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 467,663,202 |
| TOTAL INVESTMENTS | 152,427,751 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 347,068,313 |
| Unsecured Loans | 68,879,344 |
| Other Loans | 850,452,305 |
| TOTAL LOANS | 1,268,295,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,409,671 |
| Land And Building | 55,230,806 |
| Other Fixed Assets | 7,501,602 |
| NCUSIF Deposit | 15,720,160 |
| All Other Assets | 7,260,121 |
| TOTAL ASSETS | 1,966,689,653 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 461,236 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,734,024 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 276,299,886 |
| Regular shares | 875,083,809 |
| All Other Shares & Deposits | 586,425,030 |
| TOTAL SHARES & DEPOSITS | 1,737,808,725 |
| TOTAL LIABILITIES | 1,756,003,985 |
| Regular Reserve | 9,613,040 |
| Other Reserves | 1,132,287 |
| Undivided Earnings | 199,940,341 |
| TOTAL EQUITY | 210,685,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,966,689,653 |
| INCOME & EXPENSE | |
| Loan Income | 49,053,670 |
| Investment Income | 6,492,041 |
| Other Income | 24,890,498 |
| Total Employee Compensation & Benefits | 28,145,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,934,365 |
| Non-operating Income & (Expense) | 765,645 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,162,226 |
| Cost of Funds | 9,781,670 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,177,842 |
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