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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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