Dec, 31, 2021 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 118 branch locations and about $16.83 billion in total assets. Opened 83 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,047 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 |
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Address: (Main Office) | 4774 S 1300 W Bldg 3 RIVERDALE, UT 84405-3621 |
Phone: | (801) 627-0900 |
Fax: | (801) 827-8342 |
Website: | http://www.americafirst.com |
Branches: | 118 branch locations |
Members: | 1,245,085 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24694 |
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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: | $16,830,236,503 |
CEO/Manager: | Thayne Shaffer |
Chairperson: | Linda Carver |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,722,832,906 |
TOTAL INVESTMENTS | 1,992,100,570 |
Loans Held for Sale | 44,394,585 |
Real Estate Loans | 2,248,186,227 |
Unsecured Loans | 887,783,497 |
Other Loans | 7,420,619,364 |
TOTAL LOANS | 10,557,853,254 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,790,992 |
Land And Building | 213,835,565 |
Other Fixed Assets | 51,170,704 |
NCUSIF Deposit | 133,458,357 |
All Other Assets | 288,381,554 |
TOTAL ASSETS | 16,830,236,503 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,692,782 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 131,028,859 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,647,162,138 |
Regular shares | 4,360,922,952 |
All Other Shares & Deposits | 7,124,965,075 |
TOTAL SHARES & DEPOSITS | 15,133,050,165 |
TOTAL LIABILITIES | 15,266,771,806 |
Regular Reserve | 0 |
Other Reserves | 1,563,300,658 |
Undivided Earnings | 164,039 |
TOTAL EQUITY | 1,563,464,697 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,830,236,503 |
INCOME & EXPENSE | |
Loan Income | 478,931,037 |
Investment Income | 23,401,269 |
Other Income | 101,248,722 |
Total Employee Compensation & Benefits | 210,374,931 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 231,670,258 |
Non-operating Income & (Expense) | 5,173,969 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,805,889 |
Cost of Funds | 48,774,560 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 263,916,721 |
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