Facts and Financials
Facts as of December 2024
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 - Linda Carver
President/CEO - Thayne Shaffer
Total Membership
1,554,689
Total Assets
$23.78 Billion
Rankings
7th largest credit union in assets in the United States
5th largest credit union in membership in the country
Number of Branches
116 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
Consolidated Statements of Operations
$1,134,013,800
$1,030,213,801
$85,309,074
$55,136,348
$108,051,132
$99,966,854
$302,312,731
$260,663,987
$1,629,686,737
$1,445,980,990
| Earnings | 2025 | 2024 |
|---|---|---|
|
“
Interest on Loans |
“
$1,134,013,800 |
“
$1,030,213,801 |
|
“
Interest on Investments |
“
$85,309,074 |
“
$55,136,348 |
|
“
Other Interest Income |
“
$108,051,132 |
“
$99,966,854 |
|
“
Fees and Other Revenue |
“
$302,312,731 |
“
$260,663,987 |
|
“
Total Earnings |
“
$1,629,686,737 |
“
$1,445,980,990 |
$483,526,926
$471,035,591
$624,944,294
$562,888,451
$186,058,754
$173,261,204
$1,294,529,974
$1,207,185,246
$335,156,763
$238,795,744
| Expenses | 2025 | 2024 |
|---|---|---|
|
“
Interest Expense |
“
$483,526,926 |
“
$471,035,591 |
|
“
Operating Expense |
“
$624,944,294 |
“
$562,888,451 |
|
“
Provision for Credit Losses |
“
$186,058,754 |
“
$173,261,204 |
|
“
Total Expenses |
“
$1,294,529,974 |
“
$1,207,185,246 |
|
“
Net Earnings |
“
$335,156,763 |
“
$238,795,744 |
Consolidated Statments of Financial Position
$2,623,842,585
$2,287,091,970
$16,335,136,126
$15,173,556,607
$2,951,193,111
$2,735,103,207
$74,873,561
$66,664,282
$495,687,922
$423,168,899
$1,306,064,227
$1,051,767,455
$23,786,797,532
$21,737,352,420
| Assets | 2025 | 2024 |
|---|---|---|
|
“
Cash & Cash Equivalents |
“
$2,623,842,585 |
“
$2,287,091,970 |
|
“
Loans to Members - Net |
“
$16,335,136,126 |
“
$15,173,556,607 |
|
“
Investments |
“
$2,951,193,111 |
“
$2,735,103,207 |
|
“
Interest Receivable |
“
$74,873,561 |
“
$66,664,282 |
|
“
Property & Equipment - Net |
“
$495,687,922 |
“
$423,168,899 |
|
“
Other Assets |
“
$1,306,064,227 |
“
$1,051,767,455 |
|
“
Total Assets |
“
$23,786,797,532 |
“
$21,737,352,420 |
$222,733,369
$214,812,656
$18,033,373,587
$16,325,445,186
$2,737,421,283
$2,801,696,467
$20,993,528,239
$19,341,954,309
| Liabilities | 2025 | 2024 |
|---|---|---|
|
“
Interest, Dividends, & Other Payables |
“
$222,733,369 |
“
$214,812,656 |
|
“
Deposit Accounts |
“
$18,033,373,587 |
“
$16,325,445,186 |
|
“
Share Savings |
“
$2,737,421,283 |
“
$2,801,696,467 |
|
“
Total Liabilities |
“
$20,993,528,239 |
“
$19,341,954,309 |
$2,458,112,530
$2,156,602,367
$335,156,763
$238,795,744
$2,793,269,293
$2,395,398,111
$23,786,797,532
$21,737,352,420
| Member Equity | 2025 | 2024 |
|---|---|---|
|
“
Other Reserves |
“
$2,458,112,530 |
“
$2,156,602,367 |
|
“
Undistributed Earnings |
“
$335,156,763 |
“
$238,795,744 |
|
“
Total Member Equity |
“
$2,793,269,293 |
“
$2,395,398,111 |
|
“
Total Liabilities & Member Equity |
“
$23,786,797,532 |
“
$21,737,352,420 |
Strength in Numbers
Your credit union is a national leader in providing the benefits of membership to over one million members who are recognizing the wisdom of this financial choice.
We're Here to Help You
At America First Credit Union, our chief concern is the financial well-being of members. We strive to provide superior products and services and strengthen the communities we serve.