It has been a fantastic year for America First, and I’m excited to give you all an update about just some of the many things we’ve been able to accomplish together.

First, in what was perhaps our more important win of the year, we successfully protected our right to be credit union members. Thanks to your willingness to reach out to your elected officials to make your voices heard, our legislators in Washington once again wisely upheld the law that guarantees the federal tax exemption of credit unions. The service model which makes this possible is invaluable, benefiting more than 140 million individuals, families, and businesses across the nation, and giving us all the freedom to pursue our unique financial goals.

We’ve also greatly expanded our presence and charitable efforts throughout the areas we serve. We’re proud to have lent our name to the beautiful new America First Ballpark at the University of Utah, and in doing so, helped to create a place where the community can gather to enjoy sports, other events, and one another’s company for years to come.

We partnered with the Las Vegas Raiders to host the 2025 Small Business Showcase, which helped us to bring much-deserved attention and recognition to the small businesses that make such a big difference in Greater Las Vegas and its communities. We also continued First Downs for the Hometown, where we donate $100 to the Raiders Foundation for every Raiders first down throughout the football season. And we provided 159 pairs of new shoes to schoolchildren in Clark County as a part of our annual Warm the Soles of Kids program.

We’ve continued to grow in Arizona, adding three new branches, with four more in the planning or building stages. We partnered with Phoenix Rising FC to launch Goals for Good, through which we donate $250 to United Food Bank for every goal the club scores during its season. We also continued to work with the Arizona Interscholastic Association to support students and student-athletes and to provide scholarships to outstanding young leaders in Arizona’s high schools.

In all, more than 4,000 of America First’s employees, members, and friends enthusiastically gave almost 6,100 total hours of service to support 326 projects across 66 different organizations. I’m incredibly proud of our credit union for being a part of so much good. Every day, we show that “people helping people” is more than just a nice phrase—it’s the principle that drives everything we do.

Leading us in those efforts is our exceptionally dedicated board of directors, who serve without compensation. Thanks to their willingness to volunteer their time, expertise, and passion for helping people, our credit union continues to thrive, to be rated among the strongest and best financial institutions in the country, and to be a safe and sound financial partner to all our members and communities

In 2025, our credit union’s net membership grew by 65,600, bringing the total to more than 1.5 million members. At year’s end, our net worth ratio was 11.17%— the highest it has been in nine years—compared to 10.68% in 2024 and representing reserves of $2.8 billion. For context, the National Credit Union Administration (NCUA), our primary federal regulator, considers a net-worth position of 7.00% to be well-capitalized.

Additionally, we once again achieved positive/unqualified exam results from both regulatory and independent external auditors.

The credit union’s assets increased to $23.79 billion, with a yearly net income of $335.2 million and a very healthy 1.4% return on assets. Our loan portfolio grew by $1.2 billion, and deposits rose by $1.6 billion. The year-end 80.2% loan/deposit ratio demonstrates that the credit union is prudently using funds while allowing for adequate liquidity. The overall loan portfolio mix is diversified, has minimal interest rate risk, and reflects appropriate credit risk levels. We meet and exceed all benchmarks set by regulatory agencies, and deposits remain federally insured for up to $250,000 for each qualifying account.

As I said, all of this is just a sampling of what made the last year so great for America First. I hope even this brief overview is enough to illustrate how hard your credit union team works to make sure you have access to your choice of top-tier financial services, and how much good we can do together. Thank you for being members of our wonderful credit union, and for trusting us to help you work toward your financial goals.