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AMERICAN FIRST CREDIT UNION

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Public IRS 990 nonprofit record

AMERICAN FIRST CREDIT UNION

EIN 33-0358683 · Mutual & Membership Benefit (Y)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$96.48spent for every $100 of revenueRevenue covered expenses this year.
$18.95in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,121,335 for JON SHIGEMATSU (CEO/PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$54,783,936
Expenses$52,857,171
Annual surplus $1,926,765 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$54,783,936
Expenses$52,857,171
Assets$1,001,654,896
Income$57,251,174
Grants given$84,351
Average grant$7,029
Stocks and bonds$77,877,796
Accounting fees$374,386
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JON SHIGEMATSUCEO/PRESIDENT · 40 hrs/week $1,121,335Base $1,062,239 · Other $59,096
THERESA DAVYCOO · 40 hrs/week $485,418Base $426,708 · Other $58,710
PAUL WELCHSVP OF RISK MANAGEMENT · 40 hrs/week $353,959Base $346,926 · Other $7,033
ROBERT FARRINGTONSR VP COMMERCIAL REAL ESTA · 40 hrs/week $340,185Base $297,108 · Other $43,077
FRANK BORAWSKICFO · 40 hrs/week $310,381Base $299,956 · Other $10,425
JEREMY JORGENSENCOMMERCIAL RE LOAN OFFICER · 40 hrs/week $280,109Base $256,181 · Other $23,928
MICHAEL WILLIAMSVP OF CONSUMER LENDING · 40 hrs/week $263,009Base $238,257 · Other $24,752
VICTOR GALLEGOCOMMERCIAL RE LOAN OFFICER · 40 hrs/week $238,296Base $189,784 · Other $48,512
WILLIAM HUFFSUPERVISOR DELIVERY & TECHNOLOGY OPERATIONS · 40 hrs/week $191,012Base $160,117 · Other $30,895
MICHAEL PEPINVP DELIVERY & TECHNOLOGY · 40 hrs/week $189,819Base $173,586 · Other $16,233
RUBY HUGGLERDIRECTOR PROJECT MANAGEMENT · 40 hrs/week $185,069Base $160,081 · Other $24,988
JASON PHILIBERTBOARD TREASURER · 1 hrs/week $1,307

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

JON SHIGEMATSUCEO/PRESIDENT

THERESA DAVYCOO

PAUL WELCHSVP OF RISK MANAGEMENT

ROBERT FARRINGTONSR VP COMMERCIAL REAL ESTA

FRANK BORAWSKICFO

JEREMY JORGENSENCOMMERCIAL RE LOAN OFFICER

MICHAEL WILLIAMSVP OF CONSUMER LENDING

VICTOR GALLEGOCOMMERCIAL RE LOAN OFFICER

WILLIAM HUFFSUPERVISOR DELIVERY & TECHNOLOGY OPERATIONS

MICHAEL PEPINVP DELIVERY & TECHNOLOGY

RUBY HUGGLERDIRECTOR PROJECT MANAGEMENT

JASON PHILIBERTBOARD TREASURER

AMANDA SECOLABOARD SECRETARY

JAMES HABBENSUPV CMTE MEMBER

PATTI MALOTTBOARD MEMBER

GIZI CLEMMERSUPV CMTE CHAIRPERSON

ERIC LEDESMABOARD MEMBER

ROBERT WARKENTONSUPV CMTE MEMBER

ROGER VANDER WENDEVICE CHAIRPERSON

DONNA BROOKSBOARD MEMBER

TOM COOKCHAIRPERSON

DOLORES MEDINASUPV CMTE MEMBER

DAVID WEEDSUPV CMTE MEMBER

About this charity

Recognized since
January 1961
Location
6 POINTE DRIVE 400, BREA, CA 928219322
County
Orange
In care of
JON SHIGEMATSU
Primary officer
JON SHIGEMATSU, PRESIDENT/CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
TURNER WARREN HWANG & CONRAD ACCTCY
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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