Dec, 31, 2023 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 117 branch locations and about $19.35 billion in total assets. Opened 85 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.4 million members and employs 3,341 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: | 117 branch locations |
| Members: | 1,373,590 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $19,349,928,695 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,586,282,699 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 9,954,328 |
| Real Estate Loans | 4,172,796,769 |
| Unsecured Loans | 1,215,631,838 |
| Other Loans | 9,006,463,042 |
| TOTAL LOANS | 14,395,388,512 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -247,591,425 |
| Land And Building | 306,989,593 |
| Other Fixed Assets | 53,337,462 |
| NCUSIF Deposit | 152,255,783 |
| All Other Assets | 12,958,992 |
| TOTAL ASSETS | 19,349,928,695 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,649,646 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 192,548,913 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,387,995,681 |
| Regular shares | 3,039,709,043 |
| All Other Shares & Deposits | 10,602,422,943 |
| TOTAL SHARES & DEPOSITS | 17,030,127,668 |
| TOTAL LIABILITIES | 17,254,536,318 |
| Regular Reserve | 0 |
| Other Reserves | 2,095,281,068 |
| Undivided Earnings | 111,309 |
| TOTAL EQUITY | 2,095,392,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,349,928,695 |
| INCOME & EXPENSE | |
| Loan Income | 816,009,263 |
| Investment Income | 98,451,110 |
| Other Income | 107,151,743 |
| Total Employee Compensation & Benefits | 233,323,119 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 288,029,553 |
| Non-operating Income & (Expense) | 4,462,571 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,139,520 |
| Cost of Funds | 315,147,181 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 225,819,229 |
| ↑ Back to Top | |