2016-11-07T15:33:06-06:00 2015-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2015-01-01 330358683 AMERICAN FIRST CREDIT UNION AMER 8002901112 700 N HARBOR BLVD LA HABRA CA 90631 CHRIS LAWRENCE CFO 8002901112 2016-10-31 1 VALENTINO CREUS CPA P01054153 8189549700 2015 2017-02-10 21:41:12Z JON SHIGEMATSU 700 N HARBOR BLVD LA HABRA CA 90631 60612238 0 X WWW.AMERFIRST.ORG X CREDIT UNION 1989 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 6 6 152 11 186128 -16950 0 0 18310178 19843317 2162475 2477663 2685995 995044 23158648 23316024 4200 15970 0 0 8266188 9022164 0 0 0 9898507 10393089 18168895 19431223 4989753 3884801 497684172 557237162 445085508 500898619 52598664 56338543 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, AMERICAN FIRST CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER AND REAL ESTATE LOANS, I.E., AUTO LINES, VISA, 1ST MORTGAGE AND PERSONAL LINES OF CREDIT. ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH OUR LONG TERM COMMITMENT TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 15892 0 1 152 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TAM NGUYEN VP ACCOUNTING & CORPORATE CONTROLLER 8002901112 700 NORTH HARBOR BLVD LA HABRA CA 906314026 TOM COOK CHAIRMAN 1.00 X 0 0 0 DON KOCHERHANS VICE-CHAIRMAN 1.00 X 0 0 0 PATTI MALOTT SECRETARY 1.00 X 0 0 0 AMANDA SECOLA BOARD MEMBER 1.00 X 0 0 0 JASON PHILIBERT TREASURER 1.00 X 0 0 0 ROGER VANDER WENDE BOARD MEMBER 1.00 X 0 0 0 ERIC LEDESMA SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 DONNA BROOKS SUPV CMTE MEMBER 1.00 X 0 0 0 DAVID WEED SUPV CMTE MEMBER 1.00 X 0 0 0 ROBERT WARKENTON SUPV CMTE MEMBER 1.00 X 0 0 0 JAMES HOPKINS SUPV CMTE MEMBER 1.00 X 0 0 0 JON SHIGEMATSU CEO 40.00 X 338186 0 32483 CHRISTOPHER LAWRENCE CFO 40.00 X 209241 0 29834 THERESA DAVY COO 40.00 X 191623 0 17554 PAUL WELCH SR VP RISK MANAGEMENT 40.00 X 167555 0 6152 TAM-HAO NGUYEN VP ACCOUNTING & CORP CONT 40.00 X 161834 0 22965 MICHAEL ROSS BUS DEV REAL ESTATE LOAN AGT 40.00 X 147276 0 11211 MICHAEL PEPIN VP DELIVERY & TECHNOLOGY 40.00 X 120474 0 10625 JOHN MARTINEZ REAL ESTATE CONSULTANT 40.00 X 118970 0 22983 1455159 0 153807 14 0 1 0 FISERV 75 REMITTANCE DR STE 6945 CHICAGO IL 60675 CORE SYSTEM MAINTENANCE 354887 DIGITAL INSIGHT CORP PO BOX 515306 LOS ANGELES CA 900516606 HOME/MOBILE BANKING 299285 ARTEX RISK SOLUTIONS INC 39728 TREASURY CENTER CHICAGO IL 606949700 WORKERS COMP ADMIN 156483 RATE GENIUS 9300 UNITED DRIVE SUITE 180 AUSTIN TX 78758 AUTO REFINANCING SERVICE 129251 CROWE HORWATH LLP PO BOX 145415 CINCINNATI OH 45250 AUDIT SERVICES 125374 8 INTEREST ON LOANS 522100 12780861 12780861 OTHER OPERATING INCOME 522100 4795359 4680577 114782 FEE INCOME 522100 2267097 2195751 71346 19843317 2378104 2378104 37395593 180 37296167 47 99426 133 99559 99559 PROV FOR LOAN LOSSES 522100 665781 665781 GAIN ON NON-TRADING DERIVATIVES 522100 264228 264228 OTHER NON-OPERATING INCOME 522100 31365 31365 33670 33670 995044 23316024 23129896 186128 0 X 15970 1455159 5301927 480176 1191408 593494 87375 307026 2093617 327708 708712 1437878 439065 205076 2868368 475293 LOAN SERVICING EXPENSE 1085395 MISC. OPERATING EXPENSE 306929 OPERATING FEES 50647 19431223 881855 778644 33922776 53828605 210965 51569 571088 465795 11751755 8693074 3354110 3058681 111251576 94319998 337086635 392470488 10405167 12263382 497684172 557237162 3426857 4637146 441658651 496261473 445085508 500898619 X 0 0 0 0 52598664 56338543 52598664 56338543 497684172 557237162 3884801 -144922 0 X X 0 1 X 1 0 1250000 1250000 3476063 2066460 1409603 614452 569751 44701 6411240 6056863 354377 3058681 ALL OTHER INVESTMENTS 27904956 F LOANS AND LEASES 332284070 F LOANS HELD FOR SALE 15810155 F NCUA SHARE INSURANCE CAP DEPOSITS 4440307 C MEMBERSHIP CAPITAL AT CORP. CUS 600000 C DEPOSITS IN COMMERCIAL BANKS 10435000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CUS 996000 C 392470488 MEMBER SHARE DEPOSITS 451261473 DRAWS AGAINST LINE OF CREDIT 45000000 496261473 X PART X, LINE 2: FASB ASC NO. 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2015, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 AMERICAN CANCER SOCIETY 480 NORRISTOWN ROAD STE 150 BLUE BELL PA 19422 251798733 501(C)(3) 6139 FMV FIGHT BACK AGAINST CANCER BY HONORING CANCER SURVIVORS AND REMEMBERING THOSE WHO WERE LOST. 1 0 X X 1 1 X X 0 1 0 JON SHIGEMATSU CEO 287191 0 42900 0 8095 0 10482 0 22001 0 370669 0 0 0 CHRISTOPHER LAWRENCE CFO 185114 0 20000 0 4127 0 7871 0 21963 0 239075 0 0 0 THERESA DAVY COO 168668 0 20000 0 2955 0 5209 0 12345 0 209177 0 0 0 PAUL WELCH SR VP RISK MANAGEMENT 141783 0 20000 0 5772 0 5906 0 246 0 173707 0 0 0 TAM-HAO NGUYEN VP ACCOUNTING & CORP CONT 150172 0 4000 0 7662 0 6427 0 16538 0 184799 0 0 0 MICHAEL ROSS BUS DEV REAL ESTATE LOAN AGT 146526 0 750 0 0 0 5084 0 6127 0 158487 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVE/SENIOR MANAGEMENT EMPLOYEES UNDER INTERNAL REVENUE CODE (IRC) SECTION 457(F). CHRISTOPHER LAWRENCE OFFICER AUTO LOAN X 63322 50028 0 1 1 X 0 0 0 PATTI MALOTT DIRECTOR CREDIT CARD X 10000 1541 0 1 1 51569 FORM 990, PART VI, SECTION A, LINE 6 AMERICAN FIRST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. AMERICAN FIRST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF AMERICAN FIRST CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PROVIDED TO THE BOD WHO RECOMMENDS CHANGES WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION CONFLICT OF INTEREST AND ETHICS POLICY IS MONITORED ON A REGULAR BASIS. COMPLIANCE IS MONITORED THROUGH THIRD PARTY AUDITS, THE INTERNAL AUDIT STAFF AND COMPLIANCE DEPARTMENTS. RELATED PARTY TRANSACTIONS ARE REPORTED TO THE GOVERNING BODY FOR REVIEW AND APPROPRIATENESS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO COMPENSATION IS DETERMINED BY THE ORGANIZATION'S GOVERNING BODY. THE BOARD REVIEWS THE CEO'S ACCOMPLISHMENTS, CREDIT UNION FINANCIAL POSITION, OTHER EXECUTIVE SALARIES AND INDUSTRY COMPENSATION SURVEYS FOR RANGES IN LIKE POSITIONS WITHIN THE INDUSTRY IN DETERMINING THE APPROPRIATE SALARY. THE SALARY AND COMPENSATION OF OTHER OFFICERS OF THE ORGANIZATION ARE DETERMINED BY THE CEO AND CHIEF OPERATING OFFICER. COMPENSATION LEVELS ARE DETERMINED THROUGH THE USE OF THIRD PARTY VENDORS THAT SUPPLY INDUSTRY COMPENSATION INFORMATION FOR LIKE ORGANIZATIONS BY ASSET SIZE AND REGIONAL COMPENSATION TRENDS. MINIMUM AND MAXIMUM COMPENSATION RANGES ARE ESTABLISHED FOR EACH POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST TO MEMBERS OF THE ORGANIZATION. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 2,093,617. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. AMERICAN FIRST FINANCIAL SERVICES INC 700 NORTH HARBOR BLVD LA HABRA CA 90631 330820079 FINANCIAL SERVICES CA AMERICAN FIRST CREDIT UNION C 674 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 AMERICAN FIRST FINANCIAL SERVICES N AMOUNT BELOW REPORTING THRESHOLD AMERICAN FIRST FINANCIAL SERVICES O AMOUNT BELOW REPORTING THRESHOLD