Mar, 31, 2022 — AMERICA FIRST CREDIT UNION is a federal credit union headquartered in RIVERDALE, UT with 120 branch locations and about $17.57 billion in total assets. Opened 83 years ago in 1939, AMERICA FIRST CREDIT UNION has more than 1.2 million members and employs 3,090 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: | 120 branch locations |
| Members: | 1,247,287 |
| 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: | $17,571,184,086 |
| CEO/Manager: | Thayne Shaffer |
| Chairperson: | Linda Carver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,410,594,443 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 31,897,572 |
| Real Estate Loans | 2,309,605,757 |
| Unsecured Loans | 878,020,906 |
| Other Loans | 7,575,791,014 |
| TOTAL LOANS | 10,763,629,328 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,074,019 |
| Land And Building | 216,867,428 |
| Other Fixed Assets | 44,847,937 |
| NCUSIF Deposit | 133,458,357 |
| All Other Assets | 10,444,072 |
| TOTAL ASSETS | 17,571,184,086 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,516,544 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 282,244,831 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,788,335,385 |
| Regular shares | 4,642,652,778 |
| All Other Shares & Deposits | 7,255,887,226 |
| TOTAL SHARES & DEPOSITS | 15,686,875,389 |
| TOTAL LIABILITIES | 15,971,636,764 |
| Regular Reserve | 0 |
| Other Reserves | 1,561,299,528 |
| Undivided Earnings | 38,247,794 |
| TOTAL EQUITY | 1,599,547,322 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,571,184,086 |
| INCOME & EXPENSE | |
| Loan Income | 119,137,842 |
| Investment Income | 7,807,629 |
| Other Income | 24,908,380 |
| Total Employee Compensation & Benefits | 53,054,597 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 59,376,169 |
| Non-operating Income & (Expense) | 649,328 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,528,170 |
| Cost of Funds | 10,272,784 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,083,755 |
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