Dec, 31, 2023 — JM ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 6 branch locations and about $161.96 million in total assets. Opened 44 years ago in 1980, JM ASSOCIATES FEDERAL CREDIT UNION has about 8,465 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JM ASSOCIATES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9987 Pritchard Rd JACKSONVILLE, FL 32219-2894 |
| Phone: | (904) 378-4588 |
| Fax: | (904) 378-4583 |
| Website: | https://www.jmafcu.org |
| Branches: | 6 branch locations |
| Members: | 8,465 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23709 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $161,956,313 |
| CEO/Manager: | James M Ryan |
| Chairperson: | Carolyn Weeden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,204,438 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,409,333 |
| Unsecured Loans | 22,635,335 |
| Other Loans | 34,476,295 |
| TOTAL LOANS | 94,520,963 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -706,981 |
| Land And Building | 0 |
| Other Fixed Assets | 101,391 |
| NCUSIF Deposit | 1,285,465 |
| All Other Assets | 27,657 |
| TOTAL ASSETS | 161,956,313 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 2,100,551 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,345,684 |
| Regular shares | 31,897,088 |
| All Other Shares & Deposits | 78,997,006 |
| TOTAL SHARES & DEPOSITS | 133,239,778 |
| TOTAL LIABILITIES | 147,340,406 |
| Regular Reserve | 0 |
| Other Reserves | -6,875,640 |
| Undivided Earnings | 21,491,547 |
| TOTAL EQUITY | 14,615,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 161,956,313 |
| INCOME & EXPENSE | |
| Loan Income | 5,652,353 |
| Investment Income | 1,693,609 |
| Other Income | 511,119 |
| Total Employee Compensation & Benefits | 2,903,071 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,610,944 |
| Non-operating Income & (Expense) | -2,291 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 695,000 |
| Cost of Funds | 2,072,306 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 415,839 |
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