Dec, 31, 2023 — JAMESTOWN AREA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in JAMESTOWN, NY with 6 branch locations and about $78.76 million in total assets. Opened 84 years ago in 1940, JAMESTOWN AREA COMMUNITY FEDERAL CREDIT UNION has about 6,234 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JAMESTOWN AREA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 915 E 2ND ST JAMESTOWN, NY 14701 |
Phone: | (716) 483-1650 |
Fax: | (716) 483-2046 |
Website: | https://jacfcu.org |
Branches: | 6 branch locations |
Members: | 6,234 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3551 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $78,755,609 |
CEO/Manager: | Vicky L Burdick |
Chairperson: | Steven Maggio |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,130,553 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,971,294 |
Unsecured Loans | 2,528,026 |
Other Loans | 29,533,020 |
TOTAL LOANS | 46,032,340 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -218,978 |
Land And Building | 1,168,682 |
Other Fixed Assets | 83,398 |
NCUSIF Deposit | 710,498 |
All Other Assets | 0 |
TOTAL ASSETS | 78,755,609 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 332,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,053,278 |
Regular shares | 51,323,461 |
All Other Shares & Deposits | 3,435,744 |
TOTAL SHARES & DEPOSITS | 71,812,483 |
TOTAL LIABILITIES | 72,145,402 |
Regular Reserve | 0 |
Other Reserves | 631,900 |
Undivided Earnings | 5,978,307 |
TOTAL EQUITY | 6,610,207 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,755,609 |
INCOME & EXPENSE | |
Loan Income | 1,913,055 |
Investment Income | 463,377 |
Other Income | 96,877 |
Total Employee Compensation & Benefits | 1,175,537 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 995,298 |
Non-operating Income & (Expense) | -10 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,000 |
Cost of Funds | 327,893 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 453,237 |
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