Sep, 30, 2025 — AMERICA'S FIRST NETWORK CREDIT UNION is a federally insured state chartered credit union headquartered in EAST HARTFORD, CT with 11 branch locations and about $102.49 million in total assets. Opened 50 years ago in 1976, AMERICA'S FIRST NETWORK CREDIT UNION has about 9,548 members and employs 36 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'S FIRST NETWORK CREDIT UNION |
|---|---|
| Address: (Main Office) | 92 Pitkin St EAST HARTFORD, CT 06108-3318 |
| Phone: | (860) 291-0345 |
| Fax: | |
| Website: | https://www.afncu.com |
| Branches: | 11 branch locations |
| Members: | 9,548 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68680 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $102,493,772 |
| CEO/Manager: | Nicholas A Moalli |
| Chairperson: | Philip Lane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,436,767 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,914,143 |
| Unsecured Loans | 9,785,549 |
| Other Loans | 18,384,960 |
| TOTAL LOANS | 61,084,652 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -436,677 |
| Land And Building | 0 |
| Other Fixed Assets | 626,039 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 837,583 |
| All Other Assets | 0 |
| TOTAL ASSETS | 102,493,772 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 12,101 |
| Accounts Payable & Other Liabilities | 787,059 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,712,793 |
| Regular shares | 53,302,457 |
| All Other Shares & Deposits | 25,604,306 |
| TOTAL SHARES & DEPOSITS | 90,619,556 |
| TOTAL LIABILITIES | 91,418,716 |
| Regular Reserve | 0 |
| Other Reserves | 7,967,922 |
| Undivided Earnings | 3,107,134 |
| TOTAL EQUITY | 11,075,056 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,493,772 |
| INCOME & EXPENSE | |
| Loan Income | 2,824,432 |
| Investment Income | 887,251 |
| Other Income | 281,853 |
| Total Employee Compensation & Benefits | 1,943,740 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,369,368 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,417 |
| Cost of Funds | 648,882 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 227,183 |
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