BREA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AMERICAN FIRST CREDIT UNION, founded in 1989, is a mid-sized nonprofit that reported $50.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $47.3M left a modest 6% surplus.
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.
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 MORTGAGE, PERSONAL LINES OF CREDIT, 2ND MORTGAGE, HOME...
ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER AND REAL ESTATE LOANS, I.E., AUTO LOANS, MASTERCARD, 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. THE ORGANIZATION HAS ALSO CREATED A PRIZE LINKED...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $50,130,393 | $38,362,006 | +0.3% |
| Expenses | $47,320,136 | $31,819,977 | +0.5% |
| Net Income | $2,810,257 | $6,542,029 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TOM COOK | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| ROGER VANDER WENDE | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON PHILIBERT | BOARD TREASURER | 1.00 |
Director
|
$298 | $0 | $298 |
| AMANDA SECOLA | BOARD SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC LEDESMA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATTI MALOTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA BROOKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GIZI CLEMMER | SUPV CMTE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID WEED | SUPV CMTE VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WARKENTON | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARI MEDINA | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES HABBEN | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JON SHIGEMATSU | CEO/PRESIDENT | 40.00 |
Officer
|
$569,230 | $53,857 | $623,087 |
| FRANK BORAWSKI | CFO | 40.00 |
Officer
|
$267,370 | $10,260 | $277,630 |
| THERESA DAVY | COO | 40.00 |
Officer
|
$316,769 | $31,680 | $348,449 |
| ROBERT FARRINGTON | SR VP COMMERCIAL REAL ESTA | 40.00 |
Officer
|
$290,356 | $49,293 | $339,649 |
| PAUL WELCH | SVP OF RISK MANAGEMENT | 40.00 |
Officer
|
$255,314 | $8,809 | $264,123 |
| VICTOR GALLEGO | COMMERCIAL RE LOAN OFFICER | 40.00 |
Highest
|
$253,933 | $45,390 | $299,323 |
| MICHAEL WILLIAMS | VP OF CONSUMER LENDING | 40.00 |
Highest
|
$204,390 | $26,505 | $230,895 |
| DWIGHT MCDANIEL | BUSINESS DEVELOPMENT | 40.00 |
Highest
|
$197,117 | $16,017 | $213,134 |
| CARLOS RAMIREZ | AVP REAL ESTATE | 40.00 |
Highest
|
$197,026 | $42,248 | $239,274 |
| MICHAEL PEPIN | VP DELIVERY & TECHNOLOGY | 40.00 |
Highest
|
$165,404 | $15,161 | $180,565 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $50,130,393 | $47,320,136 | $1,000,374,146 | $2,810,257 |
| 2022 | $38,362,006 | $31,819,977 | $978,621,575 | $6,542,029 |
| 2021 | $36,268,439 | $28,075,649 | $842,360,435 | $8,192,790 |
| 2020 | $37,159,710 | $33,585,267 | $817,836,025 | $3,574,443 |
| 2019 | $38,269,645 | $32,726,314 | $783,769,691 | $5,543,331 |
| 2018 | $37,408,974 | $28,880,308 | $782,981,054 | $8,528,666 |
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