Dec, 31, 2020 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 127 branch locations and about $14.41 billion in total assets. Opened 82 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,127 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: | 127 branch locations |
| Members: | 1,165,985 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $14,411,237,777 |
| CEO/Manager: | John B Lund |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,101,301,811 |
| TOTAL INVESTMENTS | 965,279,394 |
| Loans Held for Sale | 48,138,549 |
| Real Estate Loans | 2,073,615,295 |
| Unsecured Loans | 883,554,183 |
| Other Loans | 6,963,069,463 |
| TOTAL LOANS | 9,921,616,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -216,033,591 |
| Land And Building | 214,098,804 |
| Other Fixed Assets | 60,281,875 |
| NCUSIF Deposit | 113,511,494 |
| All Other Assets | 203,043,175 |
| TOTAL ASSETS | 14,411,237,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,419,723 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 219,836,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,918,755,625 |
| Regular shares | 3,284,349,080 |
| All Other Shares & Deposits | 6,741,103,794 |
| TOTAL SHARES & DEPOSITS | 12,944,208,499 |
| TOTAL LIABILITIES | 13,167,464,788 |
| Regular Reserve | 0 |
| Other Reserves | 1,243,525,671 |
| Undivided Earnings | 247,318 |
| TOTAL EQUITY | 1,243,772,989 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,411,237,777 |
| INCOME & EXPENSE | |
| Loan Income | 476,429,219 |
| Investment Income | 22,645,350 |
| Other Income | 234,288,860 |
| Total Employee Compensation & Benefits | 202,059,793 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 213,882,771 |
| Non-operating Income & (Expense) | 12,155,081 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,669,051 |
| Cost of Funds | 79,373,750 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,533,145 |
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