Dec, 31, 2023 — JEFFERSON COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 5 branch locations and about $150.28 million in total assets. Opened 55 years ago in 1969, JEFFERSON COUNTY FEDERAL CREDIT UNION has about 9,957 members and employs 34 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 COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9600 Ormsby Station Rd LOUISVILLE, KY 40223-4008 |
| Phone: | (502) 429-4955 |
| Fax: | (502) 429-8508 |
| Website: | https://www.advanzcu.org |
| Branches: | 5 branch locations |
| Members: | 9,957 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19853 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $150,283,780 |
| CEO/Manager: | Heather D Walter |
| Chairperson: | Steve Schweitzer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,199,509 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,655,438 |
| Unsecured Loans | 6,339,314 |
| Other Loans | 36,186,363 |
| TOTAL LOANS | 72,181,115 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -590,091 |
| Land And Building | 1,170,208 |
| Other Fixed Assets | 214,287 |
| NCUSIF Deposit | 1,277,400 |
| All Other Assets | 5,084 |
| TOTAL ASSETS | 150,283,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,964 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,076,457 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,348,644 |
| Regular shares | 46,332,038 |
| All Other Shares & Deposits | 66,266,175 |
| TOTAL SHARES & DEPOSITS | 127,946,857 |
| TOTAL LIABILITIES | 129,026,278 |
| Regular Reserve | 0 |
| Other Reserves | 3,083,148 |
| Undivided Earnings | 18,174,354 |
| TOTAL EQUITY | 21,257,502 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,283,780 |
| INCOME & EXPENSE | |
| Loan Income | 3,803,389 |
| Investment Income | 990,422 |
| Other Income | 667,007 |
| Total Employee Compensation & Benefits | 2,183,646 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,273,877 |
| Non-operating Income & (Expense) | 497,329 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 237,500 |
| Cost of Funds | 954,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,197,905 |
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