America's First Federal Credit Union Explained

America's First Federal Credit Union
Type:Credit union
Foundation:1936
Location:Birmingham, Alabama
United States[1]
Locations:21 full-service branches
Key People:Bill Connor, CEO
Area Served:Birmingham, Mobile County & Talladega County
Industry:Financial services
Assets:$1.3B USD (2014)[2]
Num Employees:275+
Homepage:www.amfirst.org

America's First Federal Credit Union (AFFCU) is a credit union headquartered in Birmingham, Alabama, chartered and regulated under the authority of the National Credit Union Administration (NCUA)[3] of the U.S. federal government. AFFCU is the third largest credit union in Alabama[4] with more than $1.3 billion in assetsand 21 branches.[5]

History

On July 22, 1936, a group of nineteen men founded Iron and Steel Workers Credit Union at United States Steel's Ensley Works facility.[6] With a cigar box to hold its cash and only two types of transactions at first, America's First has grown to become the second largest credit union in the city of Birmingham and the third largest in the state of Alabama.[4]

Services

The credit union offers a variety of financial services to members:

It also offers consumer and auto loans, credit cards, mortgages, home equity lines of credit, investment planning services, and insurance services.

Membership

Alabamians are eligible for membership if they live, work, worship or attend school in Bibb, Blount, Chilton, Jefferson, Shelby, St. Clair, Walker, Calhoun counties, as well as certain areas of Mobile and Talladega counties. Additionally, America's First membership is open to employees of more than 1400 Alabama-based companies. As of December 31, 2014, AFFCU had 129,503 members.[8]

Employees

As of December 31, 2014, America's First Federal Credit Union employed more than 275 individuals. AFFCU was included on the Business Alabama Top 10 list of 'Best Companies to Work for in Alabama' for 2015.[9]

Notes and References

  1. News: Martin. Andrew. Credit Unions Begin to Promote Their Strengths. 6 August 2015. New York Times. 11 June 2010.
  2. News: Bagwell. Dan. Top of the List: Birmingham's largest credit unions. 6 August 2015. Birmingham Business Journal. 1 October 2015.
  3. Web site: America's First Federal Credit Union. Better Business Bureau. BBB. 6 August 2015.
  4. News: Boyle. Megan. Alabama's Largest Credit Unions, Ranked by Total Assets. 6 August 2015. Business Alabama. 1 Oct 2014. https://web.archive.org/web/20160304210654/http://www.businessalabama.com/credit_union_full_list.pdf. 4 March 2016. dead.
  5. Web site: Branches & ATMs . 2023-07-13 . America's First Federal Credit Union . en-US.
  6. Web site: America's First Federal Credit Union. WalletHub. WalletHub. 6 August 2015.
  7. News: Dedman. Christie. Kid's First Club pays children to save & make good grades. 18 September 2013. The Birmingham News. 19 March 2009.
  8. Web site: America's First Federal Credit Union. USA Credit Unions. 6 August 2015.
  9. News: Best Companies to Work for in Alabama 2015. 7 August 2015. Business Alabama. 1 August 2015. https://web.archive.org/web/20150823222723/http://www.businessalabama.com/best_co_final_final.pdf. 23 August 2015. dead.