AMERICAN FIRST CREDIT UNION
6 POINTE DRIVE NO 400, BREA, CA 928219322 www.amerfirst.org

Total Revenue
$38,269,645
Total Expenses
$32,726,314
Net Assets
$81,877,151

Organizations Filed Purposes: 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.

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

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, VISA, 1ST MORTGAGE, PERSONAL LINES OF CREDIT, 2ND MORTGAGE, 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. IN 2019, THE ORGANIZATION CREATED A PRIZE LINKED SAVINGS ACCOUNT. THE ACCOUNT 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 ANUALLY - $50,000 PRIZE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jon ShigematsuCEO/PRESIDENT40$470,977
Christopher Lawrence FormerCFO40$349,094
Theresa DavyCOO40$275,020
Robert FarringtonSVP COMMERCIAL REAL ESTATE40$237,133
Teanna DonovanCOMMERCIAL REAL ESTATE LOAN OFFICER40$228,808
Paul WelchSVP RISK MANAGEMENT40$220,232
Timothy LabudaVP ACCOUNTING & CORP CONTROLLER40$163,501
Michael Welch FormerSVP LENDING40$159,449
Jason PhilibertTREASURER1$747
Mark SalibaSUPV CMTE MEMBER1$0
Gizi ClemmerSUPV CMTE MEMBER1$0
James HopkinsSUPV CMTE MEMBER1$0
David WeedSUPV CMTE MEMBER1$0
Robert WarkentonSUPV CMTE CHAIRPERSON1$0
Donna BrooksBOARD MEMBER1$0
Roger Vander WendeBOARD MEMBER1$0
Eric LedesmaBOARD MEMBER1$0
Amanda SecolaBOARD MEMBER1$0
Patti MalottSECRETARY1$0
Tom CookCHAIRMAN1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003219349320780_public.xml