Nonprofit · EIN 33-0358683
AMERICAN FIRST CREDIT UNION
Tax-exempt · BREA, CA 92821
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $62,518,082 | $57,711,196 | $4,806,886 | $1,240,869,363 | $1,139,181,456 | $101,687,907 |
| December 31, 2024 | 990 | $54,783,936 | $52,857,171 | $1,926,765 | $1,001,654,896 | $907,871,918 | $93,782,978 |
| December 31, 2023 | 990 | $50,130,393 | $47,320,136 | $2,810,257 | $1,000,374,146 | $909,593,495 | $90,780,651 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $56,169,906
- Investment income
- $5,058,987
- Other revenue
- $1,289,189
Expenses
- Grants and similar amounts paid
- $76,290
- Compensation of officers, directors and key employees
- $3,177,509
- Other salaries and wages
- $8,677,530
- Salaries, compensation and benefits (total)
- $14,810,549
- Professional fundraising fees
- $0
- Legal fees
- $952,849
- Accounting fees
- $337,804
- Occupancy
- $1,373,569
- Travel
- $317,797
- Depreciation
- $699,977
Balance sheet and other
- Total assets, start of year
- $1,001,654,896
- Total assets, end of year
- $1,240,869,363
- Total liabilities, end of year
- $1,139,181,456
- Net assets, end of year
- $101,687,907
- Land, buildings and equipment
- $2,706,154
- Publicly traded securities
- $72,543,677
- Gross unrelated business income
- $398,484
- Gross receipts
- $62,518,082
- Employees
- 154
- Volunteers
- 12
- Year formed
- 1989
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JON SHIGEMATSU | CEO/PRESIDENT Officer | 40 | $648,264 | $64,024 |
| THERESA DAVY | COO Officer | 40 | $335,326 | $37,869 |
| ROBERT FARRINGTON | SVP COMMERCIAL REAL ESTATE Officer | 40 | $309,121 | $62,960 |
| FRANK BORAWSKI | CFO Officer | 40 | $312,969 | $10,745 |
| VICTOR GALLEGO | COMMERCIAL RE LOAN OFFICER Highest-paid employee | 40 | $264,987 | $54,296 |
| PAUL WELCH | SVP OF RISK MANAGEMENT Officer | 40 | $277,196 | $10,049 |
| MICHAEL WILLIAMS | VP OF CONSUMER LENDING Officer | 40 | $250,189 | $29,679 |
| JEREMY JORGENSEN | COMMERCIAL RE LOAN OFFICER Highest-paid employee | 40 | $239,742 | $24,576 |
| FRANCISCO CASAS | SR LOSS MIT RECOVERY OFFICER Highest-paid employee | 40 | $191,308 | $14,657 |
| MICHAEL PEPIN | VP DELIVERY & TECHNOLOGY Highest-paid employee | 40 | $180,379 | $17,339 |
| WILLIAM HUFF | SUPV DELIVERY & TECH OPS/DEVELOPMENT Highest-paid employee | 40 | $167,139 | $25,622 |
| JASON PHILIBERT | BOARD TREASURER Trustee or director | 1 | $889 | $0 |
| TOM COOK | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ERIC LEDESMA | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| AMANDA SECOLA | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID DE LEON | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID WEED | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA BROOKS | BOARD MEMBER Trustee or director | 1 | $0 |
| GIZI CLEMMER | SUPV CMTE CHAIRPERSON Trustee or director | 1 | $0 |
| DOLORES MEDINA | SUPV CMTE VICE CHAIR Trustee or director | 1 | $0 |
| JAMES HABBEN | SUPV CMTE SECRETARY Trustee or director | 1 | $0 |
| ROBERT WARKENTON | SUPV CMTE MEMBER Trustee or director | 1 | $0 |
| ANDREI ROUDENKO | SUPV CMTE MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JON SHIGEMATSU | CEO/PRESIDENT Officer | 40 | $1,062,239 | $59,096 |
| THERESA DAVY | COO Officer | 40 | $426,708 | $58,710 |
| PAUL WELCH | SVP OF RISK MANAGEMENT Officer | 40 | $346,926 | $7,033 |
| ROBERT FARRINGTON | SR VP COMMERCIAL REAL ESTA Officer | 40 | $297,108 | $43,077 |
| FRANK BORAWSKI | CFO Officer | 40 | $299,956 | $10,425 |
| JEREMY JORGENSEN | COMMERCIAL RE LOAN OFFICER Highest-paid employee | 40 | $256,181 | $23,928 |
| MICHAEL WILLIAMS | VP OF CONSUMER LENDING Officer | 40 | $238,257 | $24,752 |
| VICTOR GALLEGO | COMMERCIAL RE LOAN OFFICER Highest-paid employee | 40 | $189,784 | $48,512 |
| WILLIAM HUFF | SUPERVISOR DELIVERY & TECHNOLOGY OPERATIONS Highest-paid employee | 40 | $160,117 | $30,895 |
| MICHAEL PEPIN | VP DELIVERY & TECHNOLOGY Highest-paid employee | 40 | $173,586 | $16,233 |
| RUBY HUGGLER | DIRECTOR PROJECT MANAGEMENT Highest-paid employee | 40 | $160,081 | $24,988 |
| JASON PHILIBERT | BOARD TREASURER Trustee or director | 1 | $1,307 | $0 |
| TOM COOK | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ROGER VANDER WENDE | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| AMANDA SECOLA | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| ERIC LEDESMA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATTI MALOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONNA BROOKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GIZI CLEMMER | SUPV CMTE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DAVID WEED | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT WARKENTON | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| DOLORES MEDINA | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES HABBEN | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JON SHIGEMATSU | CEO/PRESIDENT Officer | 40 | $569,230 | $53,857 |
| THERESA DAVY | COO Officer | 40 | $316,769 | $31,680 |
| ROBERT FARRINGTON | SR VP COMMERCIAL REAL ESTA Officer | 40 | $290,356 | $49,293 |
| VICTOR GALLEGO | COMMERCIAL RE LOAN OFFICER Highest-paid employee | 40 | $253,933 | $45,390 |
| FRANK BORAWSKI | CFO Officer | 40 | $267,370 | $10,260 |
| PAUL WELCH | SVP OF RISK MANAGEMENT Officer | 40 | $255,314 | $8,809 |
| CARLOS RAMIREZ | AVP REAL ESTATE Highest-paid employee | 40 | $197,026 | $42,248 |
| MICHAEL WILLIAMS | VP OF CONSUMER LENDING Highest-paid employee | 40 | $204,390 | $26,505 |
| DWIGHT MCDANIEL | BUSINESS DEVELOPMENT Highest-paid employee | 40 | $197,117 | $16,017 |
| MICHAEL PEPIN | VP DELIVERY & TECHNOLOGY Highest-paid employee | 40 | $165,404 | $15,161 |
| JASON PHILIBERT | BOARD TREASURER Trustee or director | 1 | $298 | $0 |
| TOM COOK | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ROGER VANDER WENDE | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| AMANDA SECOLA | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| ERIC LEDESMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATTI MALOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA BROOKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIZI CLEMMER | SUPV CMTE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DAVID WEED | SUPV CMTE VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ROBERT WARKENTON | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| CARI MEDINA | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES HABBEN | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6 POINTE DR STE 400, BREA, CA 92821-6322
- In care of
- % MS AREZU
- Principal officer (990 for 2025)
- JON SHIGEMATSU, 6 POINTE DRIVE 400, BREA, CA 928219322
- Signed the 990
- JON SHIGEMATSU, PRESIDENT/CEO
- Phone
- (800) 290-1112
- Website
- WWW.AMERFIRST.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0358683 or by the name AMERICAN FIRST CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- ACHIEVEMENT OF MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS.
- ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER AND REAL ESTATE LOANS, I.E., AUTO LOANS, MASTERCARD, 1ST MORTGAGES, PERSONAL LINES OF CREDIT, 2ND MORTGAGES, HOME EQUITY LINES OF CREDIT, AND COMMERCIAL REAL ESTATE.
- ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH OUR LONG TERM COMMITMENT TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS. THE ORGANIZATION HAS ALSO CREATED A PRIZE LINKED SAVINGS ACCOUNT IN WHICH IT PAYS INTEREST LIKE A SAVINGS ACCOUNT AND MEMBERS WHO MEET MINIMUM QUALIFICATIONS ARE ENTERED INTO 3 DRAWINGS. MONTHLY - $1,000 PRIZE, QUARTERLY - $10,000 PRIZE AND ANNUALLY - $50,000 PRIZE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0358683
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $1,240,869,363
- Income (IRS master file)
- $62,518,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $62,518,082 | $57,711,196 | $1,240,869,363 | XML |
| 990 | December 2024 | $54,783,936 | $52,857,171 | $1,001,654,896 | XML |
| 990 | December 2023 | $50,130,393 | $47,320,136 | $1,000,374,146 | XML |
| 990 | December 2022 | $38,362,006 | $31,819,977 | $978,621,575 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0358683).
Questions about AMERICAN FIRST CREDIT UNION
- What is the EIN of AMERICAN FIRST CREDIT UNION?
- The employer identification number (EIN) of AMERICAN FIRST CREDIT UNION is 33-0358683.
- Is AMERICAN FIRST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to AMERICAN FIRST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMERICAN FIRST CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN FIRST CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN FIRST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMERICAN FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 names JON SHIGEMATSU.
- Who are the officers and directors of AMERICAN FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 23 people; 12 received compensation from the organization, the highest $648,264 (JON SHIGEMATSU, CEO/PRESIDENT).
- How much revenue does AMERICAN FIRST CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $62,518,082, expenses of $57,711,196 and total assets of $1,240,869,363 at year end.
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