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America First Credit Union (AFCU) is a federally chartered credit union headquartered in Riverdale, Utah, United States.As of January 2020, America First was the sixth largest credit union in the United States in terms of total membership and eighth largest credit union in assets in the U.S. [1] [2]
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members. [4]
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America's First Federal Credit Union (AFFCU) is a credit union headquartered in Birmingham, Alabama, [1] 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 assets [2] and 21 branches.
Despite opposition from the banking industry, the Federal Credit Union Act was signed into law in 1934 as part of the New Deal, allowing the creation of federally chartered credit unions in the United States. The Credit Union National Association (CUNA) was formed and by 1937, 6400 credit unions with 1.5 million members were active in 45 states ...
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