2026-07-28T16:23:17-05:00 2025-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2025-01-01 330358683 AMERICAN FIRST CREDIT UNION AMER 8002901112 6 POINTE DRIVE 400 BREA CA 928219322 JON SHIGEMATSU PRESIDENT/CEO 8002901112 2026-07-28 1 HAYKAZ VARDGESYAN CPA P01444443 8189549700 2025 2025-03-06 01:10:19Z JON SHIGEMATSU 6 POINTE DRIVE 400 BREA CA 928219322 62518082 0 X WWW.AMERFIRST.ORG X CREDIT UNION 1989 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 154 12 398484 0 0 0 47599478 56169906 6343331 5058987 841127 1289189 54783936 62518082 58635 76290 0 0 14444018 14810549 0 0 0 38354518 42824357 52857171 57711196 1926765 4806886 1001654896 1240869363 907871918 1139181456 93782978 101687907 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 LOANS, MASTERCARD, 1ST MORTGAGES, PERSONAL LINES OF CREDIT, 2ND MORTGAGES, HOME EQUITY LINES OF CREDIT, AND COMMERCIAL REAL ESTATE. ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH OUR LONG TERM COMMITMENT TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS. THE ORGANIZATION HAS ALSO CREATED A PRIZE LINKED SAVINGS ACCOUNT IN WHICH IT PAYS INTEREST LIKE A SAVINGS ACCOUNT AND MEMBERS WHO MEET MINIMUM QUALIFICATIONS ARE ENTERED INTO 3 DRAWINGS. MONTHLY - $1,000 PRIZE, QUARTERLY - $10,000 PRIZE AND ANNUALLY - $50,000 PRIZE. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12755 0 1 154 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X FRANK BORAWSKI CFO 8002901112 6 POINTE DRIVE SUITE 400 BREA CA 928219322 TOM COOK CHAIRPERSON 1.00 X 0 0 0 ERIC LEDESMA VICE CHAIRPERSON 1.00 X 0 0 0 JASON PHILIBERT BOARD TREASURER 1.00 X 889 0 0 AMANDA SECOLA BOARD SECRETARY 1.00 X 0 0 0 DAVID DE LEON BOARD MEMBER 1.00 X 0 0 0 DAVID WEED BOARD MEMBER 1.00 X 0 0 0 DONNA BROOKS BOARD MEMBER 1.00 X 0 0 0 GIZI CLEMMER SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 DOLORES MEDINA SUPV CMTE VICE CHAIR 1.00 X 0 0 0 JAMES HABBEN SUPV CMTE SECRETARY 1.00 X 0 0 0 ROBERT WARKENTON SUPV CMTE MEMBER 1.00 X 0 0 0 ANDREI ROUDENKO SUPV CMTE MEMBER 1.00 X 0 0 0 JON SHIGEMATSU CEO/PRESIDENT 40.00 X 648264 0 64024 FRANK BORAWSKI CFO 40.00 X 312969 0 10745 THERESA DAVY COO 40.00 X 335326 0 37869 ROBERT FARRINGTON SVP COMMERCIAL REAL ESTATE 40.00 X 309121 0 62960 PAUL WELCH SVP OF RISK MANAGEMENT 40.00 X 277196 0 10049 MICHAEL WILLIAMS VP OF CONSUMER LENDING 40.00 X 250189 0 29679 VICTOR GALLEGO COMMERCIAL RE LOAN OFFICER 40.00 X 264987 0 54296 JEREMY JORGENSEN COMMERCIAL RE LOAN OFFICER 40.00 X 239742 0 24576 FRANCISCO CASAS SR LOSS MIT RECOVERY OFFICER 40.00 X 191308 0 14657 MICHAEL PEPIN VP DELIVERY & TECHNOLOGY 40.00 X 180379 0 17339 WILLIAM HUFF SUPV DELIVERY & TECH OPS/DEVELOPMENT 40.00 X 167139 0 25622 3177509 0 351816 34 0 1 0 JACK HENRY & ASSOCIATES INC 663 HWY 60 MONETT MO 65708 FINANCIAL SERVICES 905150 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 PAYMENT PROCESSOR 870555 FISERV INC PO BOX 208457 DALLAS TX 753208457 CORE SYSTEM MAINTENANCE 723548 RAISIN SOLUTIONS US LLC 1407 BROADWAY NEW YORK NY 10018 FINANCIAL MARKETPLACE PLATFORM 673357 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 DIGITAL BANKING SOLUTIONS 570553 30 INTEREST ON LOANS 522100 45852061 45852061 OTHER OPERATING INCOME 522100 7310742 7285710 25032 FEE INCOME 522100 3007103 2633651 373452 56169906 5058987 5058987 GAIN ON SALES OF LOANS 522100 902891 902891 GAIN ON ALL OTHER INVE 522100 382054 382054 REO MISCELLANEOUS INCO 522100 4244 4244 1289189 62518082 62119598 398484 0 76290 3177509 8677530 526046 1555597 873867 952849 337804 3212528 1046319 1928944 1329222 1373569 317797 22294239 699977 PROVISION FOR CREDIT LO 5014266 LOAN SERVICING EXPENSE 2578570 OTHER NON-INTEREST LOSS 1016479 MISC. OPERATING EXPENSE 596275 125519 57711196 1624694 1701697 47341206 53162567 768114 1428339 8644873 5938719 3042411 2706154 77877796 72543677 821765347 1056161647 49235328 53165282 1001654896 1240869363 13183993 17463825 894687925 1121717631 907871918 1139181456 X 0 0 0 0 93782978 101687907 93782978 101687907 1001654896 1240869363 X 4806886 3081262 16781 X X 0 1 X 1 0 21400 21400 21400 1 CCUL - PAC 2855 E GUASTI ROAD ONTARIO CA 91761 940357265 21400 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 2791051 1996489 794562 5853822 3942230 1911592 2706154 ALL OTHER INVESTMENTS 7375429 F LOANS AND LEASES 1039815230 F NCUA SHARE INSURANCE CAP DEPOSITS 8445988 C MEMBERSHIP CAPITAL AT CORP. CUS 525000 C 1056161647 MEMBER SHARE DEPOSITS 1077209298 DRAWS AGAINST LINE OF CREDIT 44508333 1121717631 X 61497361 0 61497361 1020721 1020721 62518082 56690475 0 56690475 1020721 1020721 57711196 PART X, LINE 2: ASC 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 DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2025 AND 2024, 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION 1,020,721. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION 1,020,721. 1 FMBC HELPING HANDS COMMUNITY SERVICES 1300 E 57TH ST LOS ANGELES CA 90011 872985884 501(C)(3) 12500 0 FMV TO PROVIDE SUPPORT AND SERVICES TO INDIVIDUALS AND FAMILIES IN NEED, WITH A FOCUS ON ADDRESSING VARIOUS CHALLENGES LIKE DEVELOPMENTAL DISABILITIES, ADDICTION, AND HOMELESSNESS. FARR'S BEST 5020 KLUMP AVE PH 621 NORTH HOLLYWOOD CA 91601 853885259 501(C)(3) 10000 0 FMV TO HELP SERVE AND EMPOWER MINORITY YOUTH FROM UNDERSERVED COMMUNITIES TO IMPROVE THEIR LIVES THROUGH EMPLOYMENT AND BUSINESS LEADERSHIP. BOYS & GIRLS CLUB OF FULLERTON 340 W COMMONWEALTH AVE FULLERTON CA 92832 951855645 501(C)(3) 12500 0 FMV TO HELP ALL YOUNG PEOPLE REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. 3 3 X 1 1 X X 0 1 0 JON SHIGEMATSU CEO/PRESIDENT 544701 0 78757 0 24806 0 15750 0 48274 0 712288 0 0 0 FRANK BORAWSKI CFO 272729 0 40000 0 240 0 10745 0 0 0 323714 0 0 0 THERESA DAVY COO 289269 0 40000 0 6057 0 15262 0 22607 0 373195 0 0 0 ROBERT FARRINGTON SVP COMMERCIAL REAL ESTATE 267927 0 40000 0 1194 0 16277 0 46683 0 372081 0 0 0 PAUL WELCH SVP OF RISK MANAGEMENT 218500 0 40000 0 18696 0 9089 0 960 0 287245 0 0 0 MICHAEL WILLIAMS VP OF CONSUMER LENDING 196146 0 34000 0 20043 0 9479 0 20200 0 279868 0 0 0 VICTOR GALLEGO COMMERCIAL RE LOAN OFFICER 71818 0 193131 0 38 0 10629 0 43667 0 319283 0 0 0 JEREMY JORGENSEN COMMERCIAL RE LOAN OFFICER 81216 0 155782 0 2744 0 10847 0 13729 0 264318 0 0 0 FRANCISCO CASAS SR LOSS MIT RECOVERY OFFICER 169271 0 21803 0 234 0 4591 0 10066 0 205965 0 0 0 MICHAEL PEPIN VP DELIVERY & TECHNOLOGY 160588 0 6000 0 13791 0 8087 0 9252 0 197718 0 0 0 WILLIAM HUFF SUPV DELIVERY & TECH OPS/DEVELOPMENT 151512 0 6000 0 9627 0 714 0 24908 0 192761 0 0 0 PART I, LINE 4B THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVE/SENIOR MANAGEMENT EMPLOYEES UNDER INTERNAL REVENUE CODE (IRC) SECTION 457(F). 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 11B 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 XI, LINE 9: CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) UNREALIZED NET GAINS (LOSSES) ON CASH FLOW HEDGES 16,781. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.