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2022 Membership & Financial Position

Financial Report
24_04_Special Edition digital v2

Consolidated Statements of Operations

Earnings
2022

$549,153,284

2021

$478,931,037

2022

$43,716,135

2021

$18,272,882

2022

$18,785,363

2021

$5,128,387

2022

$209,390,238

2021

$246,783,737

2022

$821,045,020

2021

$749,116,043

Earnings 2022 2021
“

Interest on Loans

“

$549,153,284

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$478,931,037

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Interest on Investments

“

$43,716,135

“

$18,272,882

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Other Interest Income

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$18,785,363

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$5,128,387

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Fees and Other Revenue

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$209,390,238

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$246,783,737

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Total Earnings

“

$821,045,020

“

$749,116,043

Expenses
2022

$56,074,786

2021

$48,774,560

2022

$479,301,476

2021

$441,230,651

2022

$70,540,717

2021

$(4,805,889)

2022

$605,916,979

2021

$485,199,322

2022

$215,128,041

2021

$263,916,721

Expenses 2022 2021
“

Interest Expense

“

$56,074,786

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$48,774,560

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Operating Expense

“

$479,301,476

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$441,230,651

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Provision for Credit Losses

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$70,540,717

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$(4,805,889)

“

Total Expenses

“

$605,916,979

“

$485,199,322

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Net Earnings

“

$215,128,041

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$263,916,721

Consolidated Statments of Financial Position

Assets
2022

$497,981,785

2021

$3,722,832,906

2022

$12,814,435,758

2021

$10,383,941,893

2022

$2,961,836,257

2021

$1,762,286,083

2022

$43,844,406

2021

$30,784,600

2022

$267,579,397

2021

$265,006,269

2022

$793,332,280

2021

$665,384,752

2022

$17,379,009,883

2021

$16,830,236,503

Assets 2022 2021
“

Cash & Cash Equivalents

“

$497,981,785

“

$3,722,832,906

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Loans to Members - Net

“

$12,814,435,758

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$10,383,941,893

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Investments

“

$2,961,836,257

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$1,762,286,083

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Interest Receivable 

“

$43,844,406

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$30,784,600

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Property & Equipment - Net

“

$267,579,397

“

$265,006,269

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Other Assets

“

$793,332,280

“

$665,384,752

“

Total Assets

“

$17,379,009,883

“

$16,830,236,503

Liabilities
2022

$186,362,144

2021

$133,721,641

2022

$11,085,583,942

2021

$10,767,381,769

2022

$4,214,974,434

2021

$4,365,668,396

2022

$15,486,920,520

2021

$15,266,771,806

Liabilities 2022 2021
“

Interest, Dividends, & Other Payables

“

$186,362,144

“

$133,721,641

“

Deposit Accounts

“

$11,085,583,942

“

$10,767,381,769

“

Share Savings

“

$4,214,974,434

“

$4,365,668,396

“

Total Liabilities

“

$15,486,920,520

“

$15,266,771,806

Member Equity
2022

$1,676,961,322

2021

$1,299,547,976

2022

$215,128,041

2021

$263,916,721

2022

$1,892,089,363

2021

$1,563,464,697

2022

$17,379,009,883

2021

$16,830,236,503

Member Equity 2022 2021
“

Other Reserves

“

$1,676,961,322

“

$1,299,547,976

“

Undistributed Earnings

“

$215,128,041

“

$263,916,721

“

Total Member Equity

“

$1,892,089,363

“

$1,563,464,697

“

Total Liabilities & Member Equity

“

$17,379,009,883

“

$16,830,236,503


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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.