Sep, 30, 2021 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 119 branch locations and about $16.39 billion in total assets. Opened 83 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,014 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: | 119 branch locations |
| Members: | 1,227,780 |
| 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: | $16,390,512,249 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,791,089,949 |
| TOTAL INVESTMENTS | 1,727,567,912 |
| Loans Held for Sale | 61,860,413 |
| Real Estate Loans | 2,177,999,958 |
| Unsecured Loans | 839,190,855 |
| Other Loans | 7,340,457,918 |
| TOTAL LOANS | 10,359,011,700 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -172,502,860 |
| Land And Building | 209,777,320 |
| Other Fixed Assets | 49,631,901 |
| NCUSIF Deposit | 121,416,670 |
| All Other Assets | 242,659,244 |
| TOTAL ASSETS | 16,390,512,249 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,674,809 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 300,417,158 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,403,878,146 |
| Regular shares | 4,178,633,111 |
| All Other Shares & Deposits | 7,050,094,778 |
| TOTAL SHARES & DEPOSITS | 14,632,606,035 |
| TOTAL LIABILITIES | 14,935,698,002 |
| Regular Reserve | 0 |
| Other Reserves | 1,243,131,078 |
| Undivided Earnings | 211,683,169 |
| TOTAL EQUITY | 1,454,814,247 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,390,512,249 |
| INCOME & EXPENSE | |
| Loan Income | 357,864,942 |
| Investment Income | 16,413,324 |
| Other Income | 75,090,318 |
| Total Employee Compensation & Benefits | 154,134,763 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 171,204,265 |
| Non-operating Income & (Expense) | 4,472,609 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -16,487,751 |
| Cost of Funds | 37,646,546 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 211,435,851 |
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