Dec, 31, 2023 — JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HARAHAN, LA with 6 branch locations and about $144.52 million in total assets. Opened 65 years ago in 1959, JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION has about 13,565 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1221 Elmwood Park Blvd HARAHAN, LA 70123 |
Phone: | (504) 736-6144 |
Fax: | (504) 736-6139 |
Website: | https://www.jpefcu.org |
Branches: | 6 branch locations |
Members: | 13,565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13271 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $144,524,977 |
CEO/Manager: | Michael B Loyd |
Chairperson: | Leo J Webb Sr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,333,437 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,685,891 |
Unsecured Loans | 20,864,288 |
Other Loans | 40,497,875 |
TOTAL LOANS | 88,048,054 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -900,413 |
Land And Building | 1,559,074 |
Other Fixed Assets | 482,240 |
NCUSIF Deposit | 1,245,107 |
All Other Assets | 0 |
TOTAL ASSETS | 144,524,977 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,082,559 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,634,018 |
Regular shares | 73,803,140 |
All Other Shares & Deposits | 29,541,038 |
TOTAL SHARES & DEPOSITS | 127,978,196 |
TOTAL LIABILITIES | 129,060,755 |
Regular Reserve | 0 |
Other Reserves | -4,262,583 |
Undivided Earnings | 19,726,805 |
TOTAL EQUITY | 15,464,222 |
TOTAL LIABILITIES, SHARES, & EQUITY | 144,524,977 |
INCOME & EXPENSE | |
Loan Income | 5,109,393 |
Investment Income | 1,114,881 |
Other Income | 2,493,185 |
Total Employee Compensation & Benefits | 3,941,797 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,395,495 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 231,319 |
Cost of Funds | 921,345 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,614,511 |
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