Civic Intelligence

American First Credit Union

990 • Fiscal year 2016 • EIN 33-0358683

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

6 Pointe Drive No 400Brea, CA 92821-9322

(800) 290-1112

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.91x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

22.41x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

49th percentile

$384,465

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

97th percentile

18%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

14%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$658,176,498

Up $100,939,336 (+18%) from 2015

Net Assets

Up

$61,200,821

Up $4,862,278 (+8.6%) from 2015

Liabilities

Up

$596,975,677

Up $96,077,058 (+19%) from 2015

Revenue

Up

$26,641,075

Up $3,325,051 (+14%) from 2015

Expenses

Up

$21,761,890

Up $2,330,667 (+12%) from 2015

Net Income

Up

$4,879,185

Up $994,384 (+26%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2010: $550,898,917Liabilities 2010: $515,020,849Net Assets 2010: $35,878,0682010Assets 2011: $513,595,277Liabilities 2011: $477,125,156Net Assets 2011: $36,470,1212011Assets 2012: $503,396,963Liabilities 2012: $464,296,084Net Assets 2012: $39,100,8792012Assets 2013: $495,836,836Liabilities 2013: $448,837,671Net Assets 2013: $46,999,1652013Assets 2014: $497,684,172Liabilities 2014: $445,085,508Net Assets 2014: $52,598,6642014Assets 2015: $557,237,162Liabilities 2015: $500,898,619Net Assets 2015: $56,338,5432015Assets 2016: $658,176,498Liabilities 2016: $596,975,677Net Assets 2016: $61,200,8212016Assets 2017: $734,890,873Liabilities 2017: $669,031,831Net Assets 2017: $65,859,0422017Assets 2018: $782,981,054Liabilities 2018: $708,204,918Net Assets 2018: $74,776,1362018Assets 2020: $817,836,025Liabilities 2020: $731,554,762Net Assets 2020: $86,281,2632020Assets 2021: $842,360,435Liabilities 2021: $749,055,461Net Assets 2021: $93,304,9742021Assets 2024: $1,001,654,896Liabilities 2024: $907,871,918Net Assets 2024: $93,782,9782024

Highlighted filing

2016

Assets$658,176,498
Liabilities$596,975,677
Net Assets$61,200,821

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2010: $35,823,2482010Expenses 2011: $27,931,6612011Expenses 2012: $22,469,9252012Revenue 2013: $27,337,853Expenses 2013: $18,223,962Net Income 2013: $9,113,8912013Revenue 2014: $23,158,648Expenses 2014: $18,168,895Net Income 2014: $4,989,7532014Revenue 2015: $23,316,024Expenses 2015: $19,431,223Net Income 2015: $3,884,8012015Revenue 2016: $26,641,075Expenses 2016: $21,761,890Net Income 2016: $4,879,1852016Revenue 2017: $29,688,125Expenses 2017: $24,972,375Net Income 2017: $4,715,7502017Revenue 2018: $37,408,974Expenses 2018: $28,880,308Net Income 2018: $8,528,6662018Revenue 2020: $37,159,710Expenses 2020: $33,585,267Net Income 2020: $3,574,4432020Revenue 2021: $36,268,439Expenses 2021: $28,075,649Net Income 2021: $8,192,7902021Revenue 2024: $54,783,936Expenses 2024: $52,857,171Net Income 2024: $1,926,7652024

Highlighted filing

2016

Revenue$26,641,075
Expenses$21,761,890
Net Income$4,879,185
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$31,895,286
Mission and Program Overview

Mission

A cooperative, organized for the purpose of promoting thrift andsavings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, american first credit union conductsits business for the mutual benefit and general welfare of itsmembers with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$392,470,488$454,381,888▲ $61,911,400
Investments in Publicly Traded Securities$94,319,998$136,152,918▲ $41,832,920
Rtn Earn Endowment Incm Other Fnds$56,338,543$61,200,821▲ $4,862,278
Savings and Temporary Cash Investments$53,828,605$25,779,903▼ $28,048,702
Land, Buildings, and Equipment, Net$3,058,681$2,733,430▼ $325,251
Cash and Non-Interest-Bearing Accounts$778,644$830,636▲ $51,992
Prepaid Expenses and Deferred Charges$465,795$496,955▲ $31,160
Receivables From Officers Etc$51,569$37,529▼ $14,040
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$557,237,162$658,176,498▲ $100,939,336
Other Assets Total$12,263,382$37,763,239▲ $25,499,857
Liabilities
Other Liabilities$496,261,473$590,351,212▲ $94,089,739
Accounts Payable and Accrued Expenses$4,637,146$6,624,465▲ $1,987,319
Total Liabilities$500,898,619$596,975,677▲ $96,077,058
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,338,543$61,200,821▲ $4,862,278
Total Liabilities and Net Assets / Fund Balance$557,237,162$658,176,498▲ $100,939,336

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$140,701$6,138,083$6,278,784
Buildings$1,327,319$2,148,744$3,476,063
Land$1,250,000-$1,250,000
Leasehold Improvements$15,410$599,043$614,453
Investment Program Related Org$1,245,000--
Other Assets Org$427,468--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon ShigematsuCEO/presidentFT$298,331$86,134$384,465
Christopher LawrenceCFOFT$189,492$69,131$258,623
Theresa DavyCOOFT$171,191$48,332$219,523
Robert FarringtonSr VP Commercial Real EstateFT$173,809$42,445$216,254
Paul WelchSr VP Risk ManagementFT$146,123$35,254$181,377
Michael WelchVP LendingFT$125,872$41,739$167,611
Tam-hao NguyenVP Acct & Corp ControllerFT$143,781$18,468$162,249
John MartinezReal Estate ConsultantFT$129,895$30,406$160,301
Amanda SecolaBoard Member-$628-$628
Jason PhilibertTreasurer-$628-$628

Board Members and Trustees

NameTitle
Tom CookChairman
Donna BrooksSupv Cmte Chairperson
Eric LedesmaBoard Member
Roger Vander WendeBoard Member
Patti MalottSecretary
David WeedSupv Cmte Member
James HopkinsSupv Cmte Member
Mark SalibaSupv Cmte Member
Robert WarkentonSupv Cmte Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv INCCore System MaintenancePO BOX 80123, City Of Industry, CA 91716-8123$983,813
Crowe Horwath LLPAudit ServicesPO BOX 51660, Los Angeles, CA 90051-5960$216,509
Kforce INCStaffing Agency1001 E PALM AVE, Tampa, FL 33605$153,148
Haberfeld Direct INC TotalMarketing Services206 S 13TH SUITE 1500, Lincoln, NE 68508$139,168
Artex Risk Solutions INCWorkers Comp Admin39728 TREASURY CENTER, Chicago, IL 60694-9700$132,522
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,639,315
Investment Income
$3,651,863
Other Revenue
$349,897
Change in Net Assets
$4,879,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,880,089
Salaries, Compensation, and Employee Benefits$9,859,262
Grants and Similar Amounts Paid$22,539
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,867,627
Interest---$3,339,033
Fees for Services Other---$2,337,179
Information Technology---$1,631,801
Current Officers, Directors, Trustees, and Key Employees---$1,524,742
Other Employee Benefits---$1,278,309
Payroll Taxes---$687,206
Office Expenses---$645,709
Pension Plan Contributions---$501,378
Occupancy---$462,821
Advertising---$395,210
Depreciation Depletion---$357,330
Travel---$270,834
Fees for Services Accounting---$249,177
Fees for Services Legal---$101,590
Other Expenses---$56,707
All Other Expenses---$33,043
Grants to Domestic Orgs---$22,539
Total Functional Expenses$0$0$0$21,761,890
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Cancer SocietySanta Ana, CA501(c)(3)Fight Back Against Cancer by Honoring Cancer Survivors and Remembering Those Who Were Lost.$7,338
FRIENDS OF THE CHILDREN'S MUSEUM AT LA HABRALa Habra, CA501(c)(3)To Encourage Enthusiasm About Learning in a Hands-on Environment That Opens the World to Even the Youngest Child.$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$51,569$37,529▼ $14,040
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$457,316,292
Draws Against Line of Credit$133,000,000
Non-trading Derivative$34,920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

American first credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift and savings to its members. American first credit union does not have stockholders.

Form 990, Part VI, Section A, Line 7A

The governing board of american first credit union is comprised of volunteer members who are directly elected by its members. Each member of the governing board serves for a period as prescribed by our by-laws.

Form 990, Part VI, Section A, Line 7B

At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to its by-laws. Member votes are also required to ratify decisions dealing with reorganizations as in the case of merger or dissolution.

Form 990, Part VI, Section B, Line 11B

The 990 is provided to the bod who recommends changes when necessary.

Form 990, Part VI, Section B, Line 12C

The credit union conflict of interest and ethics policy is monitored on a regular basis. Compliance is monitored through third party audits, the internal audit staff and compliance departments. Related party transactions are reported to the governing body for review and appropriateness.

Form 990, Part VI, Section B, Line 15

The ceo compensation is determined by the organization's governing body. The board reviews the ceo's accomplishments, credit union financial position, other executive salaries and industry compensation surveys for ranges in like positions within the industry in determining the appropriate salary. The salary and compensation of other officers of the organization are determined by the ceo and chief operating officer. Compensation levels are determined through the use of third party vendors that supply industry compensation information for like organizations by asset size and regional compensation trends. Minimum and maximum compensation ranges are established for each position.

Form 990, Part VI, Section C, Line 19

The organizations conflict of interest policy is available upon request to members of the organization.

Filing and Contact Details

Filer

Filer Name
American First Credit Union
EIN
33-0358683
Phone
8002901112
Address
6 POINTE DRIVE NO 400, BREA, CA 92821-9322

Signing Officer

Name
Chris Lawrence
Title
CFO
Phone
8002901112
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Shigematsu
Formed
1989
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
156
Volunteers
11

Preparer

Firm
Turner Warren Hwang & Conrad Acctcy
Address
100 NORTH FIRST ST STE 202, BURBANK, CA 91502
Preparer
Valentino Creus CPA
Phone
8189549700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees 2,337,179.

FORM 990, PART XII, LINE 2C:

The organization has not changed either its oversight process or selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

Fasb asc 740-10-65, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the credit union's tax returns to determine whether the tax positions are "more likely than not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions deemed to not meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. For the year ended december 31, 2016, the credit union has no uncertain tax positions and, accordingly, has not recorded a liability for the payment of interest or penalties. The credit union is subject to and pays all state and city taxes on goods and services purchased by the credit union.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC LEDESMA
IRS990/Form990PartVIISectionAGrp/PersonNm5ROGER VANDER WENDE
IRS990/Form990PartVIISectionAGrp/PersonNm6DONNA BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID WEED
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT WARKENTON
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES HOPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK SALIBA
IRS990/Form990PartVIISectionAGrp/PersonNm11JON SHIGEMATSU
IRS990/Form990PartVIISectionAGrp/PersonNm12CHRISTOPHER LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm13THERESA DAVY
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT FARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm15PAUL WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm16TAM-HAO NGUYEN
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN MARTINEZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2628
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3628
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11341768
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12217670
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13195734
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14179046
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15174070
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16146379
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17137924
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18130895
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SUPV CMTE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14SR VP COMMERCIAL REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt15SR VP RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP ACCT & CORP CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt18REAL ESTATE CONSULTANT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-204
IRS990/GainOrLossGrp/SecuritiesAmt068175
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticOrgsGrp/TotalAmt022539
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt010
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05322172
IRS990/GrossReceiptsAmt031895286
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01631801
IRS990/InterestGrp/TotalAmt03339033
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03583892
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03583892
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0392470488
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0454381888
IRS990/InvestmentsPubTradedSecGrp/BOYAmt094319998
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0136152918
IRS990/IRPDocumentCnt015903
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08885870
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03058681
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02733430
IRS990/LandBldgEquipCostOrOtherBssAmt011619300
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0214
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05253997
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, AMERICAN FIRST CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt056338543
IRS990/NetAssetsOrFundBalancesEOYAmt061200821
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt067971
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt067971
IRS990/NetUnrelatedBusTxblIncmAmt0-50452
IRS990/NetUnrlzdGainsLossesInvstAmt0-16907
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0462821
IRS990/OfficeExpensesGrp/TotalAmt0645709
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012263382
IRS990/OtherAssetsTotalGrp/EOYAmt037763239
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01278309
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1MISC. OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2LOSS ON NON-TRADING DER
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt01201996
IRS990/OtherExpensesGrp/TotalAmt1650978
IRS990/OtherExpensesGrp/TotalAmt2146681
IRS990/OtherExpensesGrp/TotalAmt356707
IRS990/OtherLiabilitiesGrp/BOYAmt0496261473
IRS990/OtherLiabilitiesGrp/EOYAmt0590351212
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0PROV FOR LOAN LOSSES
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0338605
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111292
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0338605
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111292
IRS990/OtherRevenueTotalAmt0349897
IRS990/OtherSalariesAndWagesGrp/TotalAmt05867627
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0687206
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0501378
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0465795
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0496955
IRS990/PrincipalOfficerNm0JON SHIGEMATSU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014048611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15911358
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22417852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014048611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15992330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22598374
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt080972
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1180522
IRS990/ProgSrvcAccomActy2Grp/Desc0ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER AND REAL ESTATE LOANS, I.E., AUTO LOANS, VISA, 1ST MORTGAGE AND PERSONAL LINES OF CREDIT.
IRS990/ProgSrvcAccomActy3Grp/Desc0ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH OUR LONG TERM COMMITMENT TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt015970
IRS990/PYInvestmentIncomeAmt02477663
IRS990/PYOtherExpensesAmt010393089
IRS990/PYOtherRevenueAmt0995044
IRS990/PYProgramServiceRevenueAmt019843317
IRS990/PYRevenuesLessExpensesAmt03884801
IRS990/PYSalariesCompEmpBnftPaidAmt09022164
IRS990/PYTotalExpensesAmt019431223
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023316024
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt051569
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt037529
IRS990/ReconcilationRevenueExpnssAmt04879185
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056338543
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt061200821
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053828605
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025779903
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01327319
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02148744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03476063
IRS990ScheduleD/EquipmentGrp/BookValueAmt0140701
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06138083
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06278784
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06899561
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1370134110
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt259199618

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,002$908$93.8$54.8$52.9$1.93
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$842$749$93.3$36.3$28.1$8.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$818$732$86.3$37.2$33.6$3.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$783$708$74.8$37.4$28.9$8.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$735$669$65.9$29.7$25.0$4.72
2016Detailed filing. Detailed filing data is available for this year.$658$597$61.2$26.6$21.8$4.88
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$557$501$56.3$23.3$19.4$3.88
2014Detailed filing. Detailed filing data is available for this year.$498$445$52.6$23.2$18.2$4.99
2013Detailed filing. Detailed filing data is available for this year.$496$449$47.0$27.3$18.2$9.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$503$464$39.1$22.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$514$477$36.5$27.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$551$515$35.9$35.8