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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations American First Credit Union

American First Credit Union

Fiscal year ending 2023. Filed on November 6, 2024.

6 Pointe Drive 400
Brea, California 92821

American First Credit Union (EIN: 33-0358683) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, American First Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 158 total employees. Among the employees shown here, the average compensation is $301,613. The highest compensated employee at American First Credit Union is Jon Shigematsu with fiscal year 2023 compensation of $623,087.

Revenue, expenses, and employee compensation

Revenue

$50,130,393

Expenses

$47,320,136

Employee compensation

$14,364,018
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jon Shigematsu
President and Chief Executive Officer
$623,087
$569,230 No related comp$53,857
Theresa Davy
Chief Operating Officer
$348,449
$316,769 No related comp$31,680
Robert Farrington
Senior Vice President Commercial REAL ESTA
$339,649
$290,356 No related comp$49,293
Victor Gallego
Commercial RE LOAN Officer
$299,323
$253,933 No related comp$45,390
Frank Borawski
Chief Financial Officer
$277,630
$267,370 No related comp$10,260
Paul Welch
Senior Vice President of RISK Management
$264,123
$255,314 No related comp$8,809
Carlos Ramirez
AVP REAL Estate
$239,274
$197,026 No related comp$42,248
Michael Williams
Vice President of Consumer Lending
$230,895
$204,390 No related comp$26,505
Dwight McDaniel
Business Development
$213,134
$197,117 No related comp$16,017
Michael Pepin
Vice President Delivery and Technology
$180,565
$165,404 No related comp$15,161

Benchmark Employee Compensation

Non-Employee Board Members

Jason Philibert
Board Treasurer
$298
$298 No related compNo other comp
James Habben
Supervisory Committee Member
No compensation reported
Roger vander Wende
Vice Chair
No compensation reported
Cari Medina
Supervisory Committee Member
No compensation reported
Tom Cook
Chair
No compensation reported
Eric Ledesma
Director
No compensation reported
Gizi Clemmer
Supervisory Committee Chairperson
No compensation reported
Donna Brooks
Director
No compensation reported
Amanda Secola
Board Secretary
No compensation reported
David Weed
SUPV CMTE VICE Chairperson
No compensation reported
Robert Warkenton
Supervisory Committee Member
No compensation reported
Patti Malott
Director
No compensation reported

Contractors

Fiserv Inc.
Core System Maintenance
$2,404,660
Ici Consulting
Lending Advisors
$1,898,920
Mastercard
Payment Processor
$638,679
Business Data Inc.
Financial Documents Delivery
$333,615
Financial Technology Solutions International IN
Data Transformation
$280,950

Mission Statement

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.

Revisions to this organization profile

November 12, 2025:
2024 American First Credit Union 990 filed
November 6, 2024:
2023 American First Credit Union 990 filed
October 18, 2023:
2022 American First Credit Union 990 filed

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