Pioneer Day

To observe Pioneer Day, all Utah America First branches will be closed on Monday, July 24, 2017. Online & Mobile Banking, SpeechAccess™ and our ATMs will be available for your convenience. Please see our holiday schedule for a complete list of dates we will be closed.

Facts and Financials

Facts and Financials

Facts as of December 2016

Founded

March 16, 1939

Organization Type

A member-owned, not-for-profit cooperative financial institution

Charter

Federal

Regulatory Agency

National Credit Union Administration (NCUA)

Leadership/Board of Directors

(9) Elected to three-year terms
Chair of the Board - Jim Wendler
President/CEO - John Lund

Total Membership

818,947

Total Assets

$8.2 Billion

Rankings

11th largest credit union in assets in the United States
6th largest credit union in membership in the country

Number of Branches

118 Full-service branches

ATM Networks

Access 24, CO-OP Network, Visa PLUS

Insured by

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States government. Please visit the NCUA for more information


2016 Financials

Consolidated Statement of Earnings

Earnings 2016 2015
Interest on Loans $244,067,304 $212,114,245
Interest on Investments $13,906,665 $12,658,093
Other Interest Income $4,622,468 $2,416,728
Fees and Other Revenue $176,273,725 $156,864,620
Total Earnings $438,870,162 $384,053,686
Expenses
Interest Expenses $30,853,226 $25,549,015
Operating Expenses $270,363,712 $239,019,751
Provisions for Loan Loss $46,764,055 $15,584,800
Total Expenses $347,980,993 $280,153,566
Net Earnings before NCUA Assessment $90,889,169 $103,900,120
NCUA Assessment $0 $0
Net Earnings after NCUA Assessment $90,889,169 $103,900,120

Consolidated Statement of Financial Position

Assets 2016 2015
Cash and Cash Equivalents $861,976,105 $663,220,024
Loans to Members - Net $5,847,839,130 $5,023,609,061
Investments $1,056,038,127 $1,068,702,471
Interest Receivable $18,340,424 $16,555,037
Property & Equipment - Net $213,383,049 $201,560,485
Other Assets $224,853,731 $206,787,972
Total Assets $8,222,430,566 $7,180,435,050
Liabilities
Interest, Dividends & Other Payables $163,751,193 $133,534,812
Deposit Accounts $5,485,509,318 $4,757,822,262
Share Savings $1,728,974,956 $1,524,474,708
Total Liabilities $7,378,235,467 $6,415,831,782
Member Equity
Other Reserves $753,305,930 $660,703,148
Undistributed Earnings $90,889,169 $103,900,120
Total Member Equity $844,195,099 $764,603,268
Total Liabilities & Member Equity $8,222,430,566 $7,180,435,050

Strength in Numbers

Your credit union is a national leader in providing the benefits of membership to over 700,000 people who are recognizing the wisdom of this financial choice.

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