Dec, 31, 2023 — JETSTREAM FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI LAKES, FL with 6 branch locations and about $254.47 million in total assets. Opened 76 years ago in 1948, JETSTREAM FEDERAL CREDIT UNION has about 14,216 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JETSTREAM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7900 Oak Ln Ste 300 MIAMI LAKES, FL 33016 |
| Phone: | (305) 821-7060 |
| Fax: | (305) 819-1875 |
| Website: | https://www.jetstreamfcu.org |
| Branches: | 6 branch locations |
| Members: | 14,216 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24718 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $254,469,522 |
| CEO/Manager: | Jeanne R Kucey |
| Chairperson: | Bolivar T Perez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,176,332 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,742,929 |
| Unsecured Loans | 10,909,954 |
| Other Loans | 58,977,669 |
| TOTAL LOANS | 162,630,552 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -860,256 |
| Land And Building | 0 |
| Other Fixed Assets | 2,405,529 |
| NCUSIF Deposit | 1,899,612 |
| All Other Assets | 23,391 |
| TOTAL ASSETS | 254,469,522 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 6,729,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,416,225 |
| Regular shares | 97,285,391 |
| All Other Shares & Deposits | 70,567,284 |
| TOTAL SHARES & DEPOSITS | 207,268,900 |
| TOTAL LIABILITIES | 228,998,218 |
| Regular Reserve | 0 |
| Other Reserves | 2,098,340 |
| Undivided Earnings | 23,372,964 |
| TOTAL EQUITY | 25,471,304 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 254,469,522 |
| INCOME & EXPENSE | |
| Loan Income | 7,875,567 |
| Investment Income | 2,772,162 |
| Other Income | 1,233,560 |
| Total Employee Compensation & Benefits | 4,834,615 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,240,652 |
| Non-operating Income & (Expense) | 437,096 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 332,110 |
| Cost of Funds | 1,303,662 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,666,002 |
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