Standings includes forfeits (Buffalo forfeited to New York due to the field being unplayable, November 17, 1940; Cincinnati forfeited to Buffalo due to injuries preventing the Bengals from fielding a complete team, November 24, 1940)
The 1940 Columbus Bullies, coached by Jack McBride, were AFL3 Champions after finishing the regular season in 1st place with a 8-1-1 record.