Mar, 31, 2021 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 125 branch locations and about $15.69 billion in total assets. Opened 82 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,084 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: | 125 branch locations |
| Members: | 1,184,290 |
| 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: | $15,685,916,716 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,224,353,316 |
| TOTAL INVESTMENTS | 1,154,726,650 |
| Loans Held for Sale | 72,427,700 |
| Real Estate Loans | 2,036,918,534 |
| Unsecured Loans | 826,683,428 |
| Other Loans | 6,977,077,060 |
| TOTAL LOANS | 9,842,076,440 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -205,748,991 |
| Land And Building | 213,861,952 |
| Other Fixed Assets | 56,377,080 |
| NCUSIF Deposit | 113,511,494 |
| All Other Assets | 214,331,075 |
| TOTAL ASSETS | 15,685,916,716 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,112,198 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 260,851,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,291,873,240 |
| Regular shares | 3,884,038,981 |
| All Other Shares & Deposits | 6,939,762,599 |
| TOTAL SHARES & DEPOSITS | 14,115,674,820 |
| TOTAL LIABILITIES | 14,379,638,543 |
| Regular Reserve | 0 |
| Other Reserves | 1,243,170,912 |
| Undivided Earnings | 63,107,261 |
| TOTAL EQUITY | 1,306,278,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,685,916,716 |
| INCOME & EXPENSE | |
| Loan Income | 118,558,309 |
| Investment Income | 4,700,563 |
| Other Income | 24,035,817 |
| Total Employee Compensation & Benefits | 50,735,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 53,290,048 |
| Non-operating Income & (Expense) | 1,328,081 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,522,630 |
| Cost of Funds | 13,568,842 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,859,943 |
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