America's First Federal Credit Union (AFFCU) is a
credit union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...
headquartered in
Birmingham
Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West ...
,
Alabama
(We dare defend our rights)
, anthem = "Alabama (state song), Alabama"
, image_map = Alabama in United States.svg
, seat = Montgomery, Alabama, Montgomery
, LargestCity = Huntsville, Alabama, Huntsville
, LargestCounty = Baldwin County, Al ...
,
chartered and regulated under the authority of the
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...
(NCUA)
of the U.S. federal government. AFFCU is the third largest credit union in Alabama
with more than $1.3 billion in assets
and 21 branches.
History
On July 22, 1936, a group of nineteen men founded Iron and Steel Workers Credit Union at
United States Steel
United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in several countries ...
's
Ensley Works facility.
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.
Services
The credit union offers a variety of financial services to members:
*
Savings accounts
*
Checking accounts
* Kids’ accounts
*
IRA accounts
*
Certificates of deposit
It also offers consumer and auto
loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that d ...
s,
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
s,
mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pu ...
,
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 Jefferson may refer to:
Names
* Jefferson (surname)
* Jefferson (given name)
People
* Thomas Jefferson (1743–1826), third president of the United States
* Jefferson (footballer, born 1970), full name Jefferson Tomaz de Souza, Brazilian foo ...
,
Shelby,
St. Clair,
Walker,
Calhoun
John C. Calhoun (1782–1850) was the 7th vice president of the United States.
Calhoun can also refer to:
Surname
* Calhoun (surname)
Inhabited places in the United States
*Calhoun, Georgia
*Calhoun, Illinois
*Calhoun, Kansas
*Calhoun, Kentucky
...
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.
Employees
As of December 31, 2014, America's First Federal Credit Union employed more than 275 individuals.
AFFCU was included on the
Business AlabamaTop 10 list of 'Best Companies to Work for in Alabama' for 2015.
References
External links
* {{official, http://www.amfirst.org
Companies based in Alabama
Banks established in 1936
Credit unions based in Alabama
1936 establishments in Alabama