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Overview / Commentary
800-290-1112
700 N Harbor Blvd
La Habra, CA 90631

American First Credit Union is headquartered in La Habra and is the 71st largest credit union in the state of California. It is also the 450th largest credit union in the nation. It was established in 1989 and as of March of 2014, it had grown to 115 employees and 38,085 members. American First Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to individuals and families who live, work, worship or attend school in Orange County or any of the 16 surrounding cities: Artesia, Bellflower, Cerritos, Chino Hills, Corona, Hawaiian Gardens, La Habra Heights, La Mirada, Lakewood, Long Beach, Montebello, Norwalk, Pico Rivera, Santa Fe Springs, Signal Hill, Whittier - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 American First Credit Union had $3.32 million in non-current loans and owned real-estate with $53.73 million in equity and loan loss allowances on hand to cover it. This gives American First Credit Union a Texas Ratio of 6.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for American First Credit Union experienced no significant changes from 6.47% as of March 31, 2013 to 6.18% as of March 31, 2014, resulting in a positive change of 4.35%.This indicates that the balance sheet and financial strength for American First Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, American First Credit Union has decreased its total deposits by -$11.64 million, resulting in -2.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American First Credit Union has shown is below average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American First Credit Union has $504.18 million in assets with $53.73 million in equity, resulting in a capitalization level of 10.66%, which is above average.

Institution Statistics

Overall
NCUA #68485
Year Chartered1989
Employees115
Primary Regulator
Assets and Liabilities
Assets$504.18 million
Loans$253.85 million
Deposits$451.70 million
Equity Capital$48.60 million
Loan Loss Allowance$5.13 million
Unbacked Noncurrent Loans$2.71 million
Real Estate Owned$618,000
Historic Data - March 2013
Assets$511.52 million
Equity Capital$41.06 million
Loan Loss Allowance$9.55 million
Unbacked Noncurrent Loans$2.71 million
Real Estate Owned$959,000
Profit Margin - Quarterly
Net Interest Margin1%
Return on Assets1.34%
Return on Equity13.87%
Interest Income$3.48 million
Rates

Always verify rates and promotions with the bank or credit union. We are not American First Credit Union, we are a rate comparison website and can not provide official rates or promotions.

American First Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Safari Club
0.30%--Start Smart
0.30%--Holiday Club
0.25%$500-IRA Savings
0.25%$500-Roth IRA Savings
0.25%$500-CESA Savings
0.10%$3k-Savings
0.10%$3k-Goal Setter

American First Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Premium Money Market
0.20%$2,500-Money Market

American First Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1,500-Preferred Interest Checking
0.05%--Easy Interest Checking
0.05%--50+ Interest Checking
0.05%--Business Interest Checking

American First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.56%$1k-60 Month Share Certificate
1.41%$1k-48 Month Share Certificate
1.11%$1k-36 Month Share Certificate
0.70%$1k-24 Month Share Certificate
0.50%$1k-12 Month Share Certificate
0.45%--Direct Deposit Certificate Builder
0.40%$1k-6 Month Share Certificate
0.30%$1k-3 Month Share Certificate

American First Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.56%$1k-60 Month IRA Certificate
1.41%$1k-48 Month IRA Certificate
1.11%$1k-36 Month IRA Certificate
0.70%$1k-24 Month IRA Certificate
0.50%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
0.30%$1k-3 Month IRA Certificate
Locations


American First Credit Union Locations
Branch Office700 N Harbor BlvdLa Habra, CA 90631
Branch Office6011 Lincoln Ave Ste BBuena Park, CA 90620
Branch Office247 E Katella AveOrange, CA 92867-4853