A YEAR OF MOMENTUM

ANNUAL REPORT

Your dream. Our pursuit.

We Are Your Credit Union

Funded CommunityPrograms

credit union donations29,000$

36Financial

Workshops

hours

70Walked for

Charity

associates

132Caring For You

associates

554Families Moved Into

or Improved

homes

1,718For Happy Driverscar & truck loans

3,096Student Internship

Opportunities

hours

7,000Given to American

Cancer Society

associate donations

$

600Clothed Job

Seekers

donated articles of clothing

Personal, attentive service remains unchanged…then and now.

$

100Donated for Family

Meals

pounds of food200

Received Toys During Holidays

children

1Neveah’s Little

Free Library Opened

library

27Given to Local

Blood Bank

life-saving units

1,500Awarded to High

School Seniors

scholarships

$

6,000Documents Shredded

for Members

pounds of paper

4,705Given to Children’s

Miracle Network

associate donations

37,000Throughout the United States

members

Proudly Serving

Where Members Matter Most

$

1958 • The Credit Union became Alpha Beta Employees Federal Credit Union.

1959 • First Annual Meeting of the Membership 1963 • Serving 1,700 members

Assets

Loans to MembersCash and InvestmentsOther Assets Total Assets

Liabilities

DepositsOther LiabilitiesTotal LiabilitiesReserves

Total Liabilities/Reserves

Income

Interest on LoansInterest on Investments Other income Total income

Operating Expenses Non-operating Income (Expense)Net Income Before Dividends

Dividends

Net Income

STATeMenTS oF FinAnCiAL ConDiTion

STATeMenTS oF inCoMe

19601952

As of December 31 (unaudited)

1961 • American Stores buysAlpha Beta.

2,781,878

Debit Cardtransactions

370Million+

Loans to Members

$

18,707CheckingAccounts

The Credit Union opened serving the employees of a Los Angeles grocery chain named Raisin Markets.

1968 • The 10,000th account was opened

2015

$ 12,780,861 2,465,056 7,274,976

$ 22,520,893

$ 15,867,1 51 (138,290)

$ 6,515,452

$ 2,630,652

$ 3,884,800

2016

$ 14,048, 6 1 13,711,6308,294,330

$ 26,054, 57 1

$ 17,904,528 (917,894)

$ 7,232,149

$ 2,352,963

$ 4,879,186

2015

$ 332,335,637 162,152 ,32862,749,198

$ 557,237,163

2015

$ 451,261,472 49,637,150

$ 500,898,622 56,338,541

$ 557, 237,163

2016

$ 370,171,640177,735,473110,269,384

$ 658,176,497

2016

$ 457,316,292139,659,385

$ 596,975,67761,200,820

$ 658,176,497

1988 • The Credit Union relocated its headquarters to La Habra, CA.

1985 • Alpha Beta merged with Lucky Stores.

1989 • The Credit Union merged with Landmark Credit Union, serving the

employees of Lucky Stores.

MeSSAge FroM The ChAirMAn

199019801970

At American First Credit Union, we are about people helping people. The success of American First in 2016 was made possible by you – our members. The dedication of our associates over the past 64 years to help our

members succeed financially set the momentum that will enable us to grow with you in the future.

During the year, we provided our members with nearly $300 million in loans. We were honored to help members obtain new homes, vehicles, investment properties and offer a no–fee credit card. Our members opened over 1,900 checking accounts as they saw the benefits of such things as our Totally Free Checking account and mobile banking services. Our mission of partnering with our members to improve their

financial lives was evident throughout the year.

Serving our community has been a hallmark of American First throughout its long history. In 2016, we built on this history by joining Relay for Life to fight cancer, The Children’s Museum at La Habra to educate our kids, Tara’s

Chance to help special needs children through equine therapy, and WHW to provide the unemployed the opportunity to find a good job.

On behalf of our volunteer Board of Directors and Supervisory Committee, we are proud of the American First Credit Union associates for their keen focus on serving our members, communities, and employee groups with caring attention. American First knows you come to us for more than doing banking transactions. Whether it’s buying your first home, saving for your children’s education or planning for your retirement, you come to us with some of the most important areas of your life. We are humbled to partner with you to help make your financial dreams come true. Thank you for being an American First member.

We look forward to celebrating our 65th anniversary with you in 2017. The momentum created with our faithful members over the years propels us to continue to loyally serve you for many more years to come.

Tom CookChairman of the Board

SuPerviSorY CoMMiTTee rePorTOn behalf of the Supervisory Committee, I am pleased to report that American First Credit Union is managed

prudently so that we can continue to provide exceptional service to our members. Our primary role is advocating for our members and providing assurance that the operations of the credit union are carried out in

accordance with applicable laws, rules and regulations of the California Department of Business Oversight and the National Credit Union Administration. Related to this, we also oversee the safety and soundness of American First.

Based on the activity of our external auditors, internal auditors, and examiners, as well as our own observations, we can report that American First continues to maintain a high level of financial safety and

soundness. Along with our Board of Directors, all of us on the Supervisory Committee are proud to volunteer our time and serve the members of American First as liaisons between you and your credit union. If ever you

need assistance or experience difficulties that cannot be resolved through normal channels, I encourage you to contact us. The Supervisory Committee is here for your benefit.

Thank you for being an American First member and entrusting us with your financial needs.

Donna “D” Renee BrooksChairwoman, Supervisory Committee

1970 • Remained a single sponsor credit union of grocery store employees

1987 • Credit Union logo updated

1993 • 81 different sponsor groups in additionto grocery stores

2007 • Service area expanded to serve 16 additional cities in the greater

Los Angeles area.

2002 • American First Credit Union merged with Sunland Federal Credit Union.

2000 • Expanded the field of membership to include Orange County, Corona and Chino Hills. “Federal” was

dropped from the Credit Union name.

BoArD oF DireCTorS

SuPerviSorY CoMMiTTee

20001990 2010

OUR MissiOn

To partner with our members to

make their dreams possible

Since

1952 Se

rving Members

TriBuTe To Don KoCherhAnS On behalf of the Board and staff, we want to bid a fond farewell to retiring American First Credit Union Board member, Don Kocherhans. Don retired in 2016 after 32 years of dedicated service on the Board of Directors. He was a major contributor in shaping American First into the member-focused and financially strong credit union that it is today. Don has also been a member of American First for 49 years. Thank you, Don, for your faithful support and years of

voluntary service for our members.

Eric LedesmaBoard Member

James K. HopkinsSecretary

Jason PhilibertTreasurer

Roger Vander WendeBoard Member

David WeedVice Chairman

Mark SalibaCommittee Member

Patti MalottSecretary

Amanda SecolaBoard Member

Donna “D” Renee BrooksChairwoman

Robert WarkentonCommittee Member

Tom CookChairman

2014 • Introduced Totally Free Checking account

2015 • Added Person to Person Payments (POPmoney) and Account to Account transfers

2015 • Added Commercial Real Estate Products

2013 • New brand logo launched with upward stripes and bright colors representing our inner drive to be more, do more for our members

2013 • AFCU Mobile App and Mobile Deposit launched

2014 • Established a college scholarship program for high school seniors

132 Associates proudly serve nearly 37,000members and 100 sponsor groups.

amerfirst.org

2016 • Introduced EMV chip technology on debit and credit cards

Your DreAM. our PurSuiT.

PEoPLE MAKE THE

DIffERENCE

ASSoCIATEAPPRECIATIoN

fINANCIALLITERACy

EDuCATIoN

CoMMuNITySuPPoRT

MEMBERSMATTER

MoST

Serving You Then, Serving You nowPersonal, attentive service remains unchanged…then and now.

800.290.1112 amerfirst.orgFederally Insured by NCUA