2013-11-04T18:40:53-06:00 2012-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2012-01-01 330358683 AMERICAN FIRST CREDIT UNION AMER 8002901112 700 N HARBOR BLVD LA HABRA CA 90631 CHRIS LAWRENCE 8002901112 2013-10-24 1 VALENTINO CREUS CPA P01054153 8189549700 2012 2016-03-07 17:11:31Z JON SHIGEMATSU 700 N HARBOR BLVD LA HABRA CA 90631 37183090 0 X WWW.AMERFIRST.ORG X CREDIT UNION 1989 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 156 8 206145 -99351 0 0 25730652 24223000 2568045 1055519 0 0 28298697 25278519 599 928 0 0 7873817 8682304 0 0 0 20057245 13786693 27931661 22469925 367036 2808594 513595277 503396963 477125156 464296084 36470121 39100879 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 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14998 0 1 156 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X MICHAEL TAYLOR 8002901112 700 NORTH HARBOR BLVD LA HABRA CA 906314026 DANNY DOSS 1.00 X 0 0 0 TOM COOK 1.00 X 0 0 0 PATTI MALOTT 1.00 X 0 0 0 DON KOCHERHANS 1.00 X 236 0 0 DAVID DE LEON 1.00 X 0 0 0 JASON PHILIBERT 1.00 X 0 0 0 GEORGE CONNAGHAN 1.00 X 0 0 0 AMANDA SECOLA 1.00 X 0 0 0 PAMELLA EASLEY 40.00 X 886755 0 18959 BRIAN THOMPSON FORMER 40.00 X 194437 0 17432 JON SHIGEMATSU 40.00 X 183449 0 21176 TAM-HAO NGUYEN 40.00 X 129517 0 10873 MIKE WELCH 40.00 X 118939 0 17002 MAURIO MILLER 43.00 X 112589 0 15675 PAUL WELCH 40.00 X 106089 0 2594 SCOTT RAINS 40.00 X 150000 0 0 1882011 0 103711 8 1 1 0 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 HOME BANKING PROVIDER 313744 FISERV 75 REMITTANCE DR STE 6945 CHICAGO IL 60675 CORE SYSTEM MAINTENANCE 299532 ACCOUNTEMPS PO BOX 743295 LOS ANGELES CA 900743295 TEMPORARY STAFFING 234808 CROWE HORWATH PO BOX 145415 CINCINNATI OH 452509791 AUDIT COUNSELING SERVICES 204780 HYATT WARD ADVERTISING 1174 NEVADA ST REDLANDS CA 92374 MEDIA ADVERTISING 169025 12 INTEREST ON LOANS 522100 15274929 15274929 OTHER OPERATING INCOME 522100 6342308 6136163 206145 FEE INCOME 522100 2605763 2605763 24223000 1009968 1009968 6889410 5060712 6793087 5111484 96323 -50772 45551 45551 25278519 25072374 206145 0 928 1882011 5142599 129071 933565 595058 148482 285337 1859347 592890 986356 673810 512418 98479 4102533 585786 443819 PROV. FOR LOAN LOSSES 1640553 LOAN SERVICING EXPENSE 1058877 NON-OPERATING EXPENSE 571333 MISC. OPERATING EXPENSE 178606 48067 22469925 800650 898429 127492957 113752180 1277036 596239 452788 483645 10474036 7076101 3368050 3397935 37209880 73192817 310306412 300117861 32687504 10957857 513595277 503396963 4279471 6370989 472845685 457925095 477125156 464296084 X 0 0 0 0 36470121 39100879 36470121 39100879 513595277 503396963 X 2808594 -175972 -1864 X X 0 1 X 1 0 1250000 1250000 3430181 1828763 1601418 844314 515434 328880 4949541 4731904 217637 3397935 ALL OTHER INVESTMENTS 22306338 F LOANS AND LEASES 258388124 F INVESTMENTS HELD FOR SALE 14151615 F NCUA SHARE INSURANCE CAP DEPOSITS 4671784 F MEMBERSHIP CAPITAL AT CORP. CUS 600000 F 300117861 MEMBER SHARE DEPOSITS 457925095 457925095 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FASB ACCOUNTING STANDARDS CODIFICATION 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE 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 NOT DEEMED TO 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, 2012, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2006. X X 1 1 X X 1 1 0 PAMELLA EASLEY 336755 0 0 0 550000 0 10231 0 8728 0 905714 0 0 0 BRIAN THOMPSON FORMER 193753 0 0 0 684 0 5732 0 11700 0 211869 0 0 0 JON SHIGEMATSU 182678 0 0 0 771 0 4092 0 17084 0 204625 0 0 0 SCOTT RAINS 0 0 0 0 150000 0 0 0 0 0 150000 0 0 0 PART I, LINES 4A-B PAMELLA EASLEY RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $550,000 IN 2012. SCOTT RAINS RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $150,000 IN 2012. THE CREDIT UNION HAS ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVE/SENIOR MANAGEMENT EMPLOYEES UNDER INTERNAL REVENUE CODE (IRC) SECTION 457(F). BRIAN THOMPSON OFFICER 1ST MORTGAGE X 417000 368793 0 0 1 BRIAN THOMPSON OFFICER HELOC X 200000 101786 0 0 1 BRIAN THOMPSON OFFICER AUTO X 11918 1761 0 0 1 THOMAS COOK DIRECTOR 1ST MORTGAGE X 156000 123899 0 1 1 596239 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 ADMINISTRATIVE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PRIOR YEAR - OTHER ADJUSTMENTS -1,864. 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 2753 1911 1.00000 0 1 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