Dec, 31, 2022 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 120 branch locations and about $17.60 billion in total assets. Opened 84 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.3 million members and employs 3,162 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 S 1300 W Bldg 3 RIVERDALE, UT 84405-3621 |
| Phone: | (801) 627-0900 |
| Fax: | (801) 827-8342 |
| Website: | https://www.americafirst.com |
| Branches: | 120 branch locations |
| Members: | 1,295,058 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $17,596,560,577 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,215,569,665 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 12,870,349 |
| Real Estate Loans | 2,964,294,338 |
| Unsecured Loans | 964,856,401 |
| Other Loans | 8,560,810,746 |
| TOTAL LOANS | 12,490,078,727 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -204,351,316 |
| Land And Building | 217,172,335 |
| Other Fixed Assets | 46,802,383 |
| NCUSIF Deposit | 140,468,196 |
| All Other Assets | 11,155,689 |
| TOTAL ASSETS | 17,596,560,577 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,511,592 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 216,867,482 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,911,396,982 |
| Regular shares | 4,581,224,482 |
| All Other Shares & Deposits | 7,197,259,424 |
| TOTAL SHARES & DEPOSITS | 15,689,880,888 |
| TOTAL LIABILITIES | 15,910,259,962 |
| Regular Reserve | 0 |
| Other Reserves | 1,560,046,145 |
| Undivided Earnings | 126,254,470 |
| TOTAL EQUITY | 1,686,300,615 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,596,560,577 |
| INCOME & EXPENSE | |
| Loan Income | 384,813,501 |
| Investment Income | 44,153,385 |
| Other Income | 80,727,359 |
| Total Employee Compensation & Benefits | 165,781,395 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 186,995,878 |
| Non-operating Income & (Expense) | 1,098,692 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,672,572 |
| Cost of Funds | 31,727,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 126,090,431 |
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