Jun, 30, 2021 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 120 branch locations and about $15.86 billion in total assets. Opened 82 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,055 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 FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 4774 SOUTH 1300 WEST, BUILDING # 3 RIVERDALE, UT 84405 |
| Phone: | (801) 627-0900 |
| Fax: | (801) 827-8342 |
| Website: | http://www.americafirst.com |
| Branches: | 120 branch locations |
| Members: | 1,207,701 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24694 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $15,856,861,039 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,676,987,916 |
| TOTAL INVESTMENTS | 1,489,611,531 |
| Loans Held for Sale | 81,645,316 |
| Real Estate Loans | 2,124,204,673 |
| Unsecured Loans | 854,359,056 |
| Other Loans | 7,201,580,583 |
| TOTAL LOANS | 10,181,502,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,765,152 |
| Land And Building | 213,892,841 |
| Other Fixed Assets | 54,235,286 |
| NCUSIF Deposit | 121,416,670 |
| All Other Assets | 220,333,907 |
| TOTAL ASSETS | 15,856,861,039 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,754,653 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 242,874,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,276,446,537 |
| Regular shares | 4,002,631,828 |
| All Other Shares & Deposits | 6,951,354,673 |
| TOTAL SHARES & DEPOSITS | 14,230,433,038 |
| TOTAL LIABILITIES | 14,476,062,487 |
| Regular Reserve | 0 |
| Other Reserves | 1,243,094,633 |
| Undivided Earnings | 137,703,919 |
| TOTAL EQUITY | 1,380,798,552 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,856,861,039 |
| INCOME & EXPENSE | |
| Loan Income | 236,389,163 |
| Investment Income | 10,045,837 |
| Other Income | 48,550,965 |
| Total Employee Compensation & Benefits | 101,606,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,950,994 |
| Non-operating Income & (Expense) | 730,843 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -11,858,711 |
| Cost of Funds | 25,939,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 137,456,601 |
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