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205-320-4185
P.O. Box 11349
Birmingham, AL 35203

America's First Federal Credit Union is headquartered in Birmingham and is the 3rd largest credit union in the state of Alabama. It is also the 148th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 260 employees and 123,988 members. America's First Federal Credit Union's savings rates are 6X the national average, and it has a A health rating.

Field of Membership Restrictions

Because America's First is a community chartered credit union, you can become a member if you live, work, worship or attend school in one of the following counties in Alabama: * Bibb * Blount * Chilton * Jefferson * Shelby * St. Clair * Walker --You are also eligible if you live, work, worship or attend school in Calhoun County or certain areas of Mobile and Talladega counties. --Membership is extended to immediate family members of all current members of America's First. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 America's First Federal Credit Union had $10.64 million in non-current loans and owned real-estate with $134.68 million in equity and loan loss allowances on hand to cover it. This gives America's First Federal Credit Union a Texas Ratio of 7.90% 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 America's First Federal Credit Union experienced no significant changes from 6.38% as of December 31, 2012 to 7.90% as of December 31, 2013, resulting in a negative change of 23.78%. This indicates that the balance sheet and financial strength for America's First Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, America's First Federal Credit Union has increased its total deposits by $29.2 million, resulting in 2.58% 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 America's First Federal Credit Union has shown is above 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. America's First Federal Credit Union has $1.3 billion in assets with $134.68 million in equity, resulting in a capitalization level of 10.38%, which is above average.

Institution Statistics

Overall
NCUA #24534
Year Chartered1936
Employees260
Primary Regulator
Assets and Liabilities
Assets$1.30 billion
Loans$700.52 million
Deposits$1.16 billion
Equity Capital$130.81 million
Loan Loss Allowance$3.86 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$4.18 million
Historic Data - December 2012
Assets$1.26 billion
Equity Capital$127.23 million
Loan Loss Allowance$4.01 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$5.06 million
Profit Margin - Quarterly
Net Interest Margin3.59%
Return on Assets0.62%
Return on Equity6.17%
Interest Income$33.61 million
Rates

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America's First Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$500Pocket Change Account
0.75%--IRA Share Account
0.50%$75k-Share Account
0.25%$100-Christmas Club

America's First Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Easyaccess Money Market Account

America's First Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-EZ Premium Checking

America's First Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month Share Certificate
0.90%$500-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.65%$500-24 Month Share Certificate
0.65%$500-30 Month Share Certificate
0.55%$500-18 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.35%$500-9 Month Share Certificate
0.30%$500-6 Month Share Certificate
0.20%$500-91 Day Share Certificate

America's First Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA Certificate (Traditional,Roth,CESA)
0.90%$500-48 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$500-36 Month IRA Certificate (Traditional,Roth,CESA)
0.65%$500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.65%$500-30 Month IRA Certificate (Traditional,Roth,CESA)
0.55%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.45%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
0.35%$500-9 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$500-6 Month IRA Certificate (Traditional,Roth,CESA)
0.20%$500-91 Day IRA Certificate (Traditional,Roth,CESA)
Locations

America's First Federal Credit Union has 18 locations. Click to view all America's First Federal Credit Union locations.