Jun, 30, 2024 — AMERICAN FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BREA, CA with 5 branch locations and about $942.75 million in total assets. Opened 35 years ago in 1989, AMERICAN FIRST CREDIT UNION has about 39,306 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 6 Pointe Dr Ste 400 BREA, CA 92821-6322 |
| Phone: | (800) 290-1112 |
| Fax: | (714) 529-0129 |
| Website: | https://amerfirst.org |
| Branches: | 5 branch locations |
| Members: | 39,306 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68485 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1989 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $942,745,836 |
| CEO/Manager: | Jon Shigematsu |
| Chairperson: | Tom Cook |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,043,773 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,223,679 |
| Real Estate Loans | 561,254,826 |
| Unsecured Loans | 11,639,365 |
| Other Loans | 157,986,917 |
| TOTAL LOANS | 730,881,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,156,453 |
| Land And Building | 0 |
| Other Fixed Assets | 7,436,476 |
| NCUSIF Deposit | 6,114,950 |
| All Other Assets | 429,900 |
| TOTAL ASSETS | 942,745,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 13,029,460 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 124,403,402 |
| Regular shares | 238,729,468 |
| All Other Shares & Deposits | 380,592,193 |
| TOTAL SHARES & DEPOSITS | 743,725,063 |
| TOTAL LIABILITIES | 856,754,523 |
| Regular Reserve | 0 |
| Other Reserves | -12,373,768 |
| Undivided Earnings | 98,365,081 |
| TOTAL EQUITY | 85,991,313 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 942,745,836 |
| INCOME & EXPENSE | |
| Loan Income | 19,128,279 |
| Investment Income | 2,509,446 |
| Other Income | 1,918,970 |
| Total Employee Compensation & Benefits | 9,876,060 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,226,073 |
| Non-operating Income & (Expense) | 458,696 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 436,636 |
| Cost of Funds | 2,871,280 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,359,215 |
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