# EDGAR Filing Document

**Accession Number:** 0002040619
**File Stem:** 0001193125-25-177899
**Filing Date:** 2025-8
**Character Count:** 14003
**Document Hash:** 6b344c36fb83386c3fecef24cbe9ee4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-177899.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001193125-25-177899

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250811

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Heritage Auto Funding LLC
- **CENTRAL INDEX KEY:** 0002040619

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07382
- **FILM NUMBER:** 251201796

**BUSINESS ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115
- **BUSINESS PHONE:** 215-969-0777

**MAIL ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Heritage Auto Funding LLC
- **CENTRAL INDEX KEY:** 0002040619

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115
- **BUSINESS PHONE:** 215-969-0777

**MAIL ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Heritage Auto Funding LLC
- **CENTRAL INDEX KEY:** 0002040619

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07382

**BUSINESS ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115
- **BUSINESS PHONE:** 215-969-0777

**MAIL ADDRESS:**
- **STREET 1:** 2060 RED LION ROAD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19115

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1(c)(1) under the Exchange Act (17 CFR 240.15Ga-1(c)(1)) for the reporting period to** 

☐ **Rule 15Ga-1(c)(2)(i) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(i)) for the quarterly reporting period to** 

☐ **Rule 15Ga-1(c)(2)(ii) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(ii)) for the annual reporting period to** 

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of depositor:** 

## American Heritage Auto Funding LLC
**(Exact name of Issuer as specified in its charter)** 

Central Index Key Number of issuing entity (if applicable): 0002040619

Central Index Key Number of underwriter (if applicable): N/A

**Brian Schmitt, (215) 969-2841** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing** 

1 American Heritage Auto Funding LLC is filing this Form ABS-15G on its own behalf and on behalf of its affiliate, American Heritage Auto Receivables Trust 2025-1.

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**INFORMATION TO BE INCLUDED IN THE REPORT** 

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS:** 

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** 

Attached as Exhibit 99.1 hereto is an independent accountants' report on applying agreed-upon procedures, dated August 8, 2025, of Grant Thornton LLP obtained by the issuer, which report sets forth the procedures and findings with respect to certain agreed-upon procedures performed by Grant Thornton LLP pertaining to the issuer's Series 2025-1 Automobile Receivables-Backed Notes.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| American Heritage Federal Credit Union | American Heritage Federal Credit Union |
| By: | /s/ Brian Schmitt |
|  | Name: Brian Schmitt |
|  | Title: Chief Financial Officer |

---

Date: August 11, 2025

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**EXHIBIT INDEX** 

Exhibit 99.1: Agreed-upon procedures report, dated August 8, 2025 of Grant Thornton LLP.

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g121017g0811195445823.jpg)

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| | |
|:---|:---|
|  <br>**GRANT THORNTON LLP**<br>Two Commerce Square<br> 2001 Market Street, Suite 700<br> Philadelphia, PA 19103-7065<br>**D** +1 215 561 4200<br> **F** +1 215 561 1066 | **REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS**<br>Board of Directors and Management of American Heritage Federal Credit Union, American Heritage Auto Receivables Trust 2025-1, Stifel, Nicolaus & Company, Inc., and BofA Securities, Inc.<br>We have performed the procedures enumerated below, on certain information with respect to attributes of American Heritage Federal Credit Union's (the "Company") automobile receivables as of July 15, 2025 (the "Subject Matter") related to American Heritage Auto Receivables Trust 2025-1's (the "Issuer") issuance of certain classes of Notes (the "Securitization Transaction"). The Company's management is responsible for the Data File (as defined herein) accurately representing the information included in the underlying asset documents and the disclosed assumptions and methodologies.<br>The Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the Subject Matter. This report may not be suitable for any other purpose. Additionally, the Issuer, Stifel, Nicolaus & Company, Inc. ("Stifel"), and BofA Securities, Inc. ("BofA" and together with the Company, Issuer, and Stifel, the "Specified Parties") have agreed to and acknowledged that the procedures performed are appropriate for their purposes. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.<br>Consequently, we make no representation regarding the appropriateness of the procedures enumerated below either for the intended purpose for which this report has been requested or for any other purpose.<br>The procedures we performed on the automobile receivables and our findings are as described herein.<br>For the purposes of our procedures, we were instructed by the Company that:<br>(i) differences of less than $1.00, 0.01 (numbers and years) or 0.01%, as applicable, were deemed to be in agreement.<br>(ii) differences in the "Origination Date" characteristic that are less than or equal to 30 days were deemed to be in agreement. |

---

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| | |
|:---|:---|
| **GT.COM** | Grant Thornton LLP is a U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. |

---

------

![LOGO](g121017g0811195445823.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Unless otherwise indicated, the following are defined for the purposes of our procedures:

• the phrase "compared" means we checked the information for agreement between sources, with any findings being reported unless a deviation tolerance is otherwise noted. If applicable, such compared amounts
and percentages are deemed to be in agreement if differences were attributable to rounding.

• the phrase "recomputed" or "recomputation" means, if applicable, we recalculated the number through mathematical calculation using the applicable information in the Data File as the inputs, with
any findings being reported unless a deviation tolerance is otherwise noted. If applicable, such recomputed amounts and percentages are deemed to be in agreement if differences were attributable to rounding.

• the phrase "Source Documents" means a record containing details of a particular transaction or characteristic. Source Documents include the Loan Contract, Title Certificate, Credit Application, Credit Bureau
Report, Agreement to Provide Insurance (collectively, the "Credit File"), Vehicle Mapping File, and the Company's internal system.

**Due diligence agreed-upon procedures** 

**A. Data File Agreed-Upon Procedures** 

On July 28, 2025, and with updates through August 7, 2025, Stifel, on behalf of the Company, provided us with a computer readable data file (the "Data File") containing certain characteristics of the automobile receivables included in the Securitization Transaction. We performed the procedures indicated below on the automobile receivables.

Grant Thornton selected, on a random basis, 125 automobile receivables (the "Sample Receivables"). For each of the Sample Receivables, we performed comparisons for certain characteristics in the Data File (as identified in Exhibit 1) to certain available Source Documents.

**Exhibit 1** 

**Characteristics:** 

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| | | |
|:---|:---|:---|
|  | **Characteristic** | **Source Documents** |
| 1 | Vehicle Identification Number ("VIN") | Credit File |
| 2 | Origination Date | Credit File |
| 3 | Original Amount Financed | Credit File |
| 4 | Original Term (in Months) | Credit File |
| 5 | Original Annual Percentage Rate ("APR") | Credit File, Internal System |

---

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![LOGO](g121017g0811195445823.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Characteristic** | **Source Documents** |
| 6.0 | Model Type | Credit File, Vehicle Mapping File |
| 7.0 | Vehicle Make | Credit File, Vehicle Mapping File |
| 8.0 | Vehicle Model | Credit File, Vehicle Mapping File |
| 9.0 | Vehicle Model Year | Credit File |
| 10.0 | Original Monthly P&I Payment | Credit File, Internal System |
| 11.0 | Borrower State | Credit File |
| 12.0 | Borrower FICO Score | Credit File, Internal System |

---

For Characteristics 1 through 12, we compared and agreed the information in the Data File to the Source Documents.

We noted no discrepancies between the Data File and the Source Documents.

**B. Documentation Agreed-Upon Procedures** 

For each of the Sample Receivables, we observed the existence of the following:

• a Title Certificate;

• the security interest of the Company as indicated on a Title Certificate;

• a Credit Application;

• a Credit Report for the borrower and co-borrower (if applicable);

• a Truth-in-Lending Disclosure Statement; and

• the Agreement to Provide Insurance, Verification of Insurance, Policy Declaration, Certificate of Insurance, Insurance Identification Card, Insurance Verification Request, Insurance Application, Binder of Insurance,
Proof of Insurance, Lien Holder Service Center Summary or other related correspondence (collectively, the "Agreement to Provide Insurance").

We noted no discrepancies in documentation.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subject Matter. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

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![LOGO](g121017g0811195445823.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Our agreed-upon procedures engagement was not conducted for the purpose of the following:

• Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements.

• Addressing the value of collateral securing any such assets being securitized.

• Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations.

• Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization ("NRSRO").

• Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and
conditions, including but not limited to whether the characteristics have implications on the future performance of the assets, underwritten value of the assets, credit quality of the assets, likelihood of return to investors or any other
implications related to the assets or the related asset-based securities;

• Forming any conclusions; and

• Any other terms or requirements of the transaction that do not appear in this report.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than these specified parties, including investors and rating agencies, who are not identified as specified parties but who may have access to this report as required by law or regulation.

/s/ GRANT THORNTON LLP

Philadelphia, Pennsylvania

August 8, 2025