Dec, 31, 2023 — JEFFERSON CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 3 branch locations and about $74.21 million in total assets. Opened 83 years ago in 1941, JEFFERSON CREDIT UNION has about 6,945 members and employs 20 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 5261 Ross Bridge Pkwy HOOVER, AL 35226 |
| Phone: | (205) 444-4528 |
| Fax: | (205) 403-8350 |
| Website: | https://www.jeffersoncreditunion.org |
| Branches: | 3 branch locations |
| Members: | 6,945 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63834 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,207,445 |
| CEO/Manager: | Richard Morris |
| Chairperson: | Daren Lanier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,934,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,317,840 |
| Unsecured Loans | 4,925,180 |
| Other Loans | 24,515,939 |
| TOTAL LOANS | 45,758,959 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -765,445 |
| Land And Building | 2,510,647 |
| Other Fixed Assets | 298,660 |
| NCUSIF Deposit | 643,712 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,207,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 682,950 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,310,783 |
| Regular shares | 33,887,829 |
| All Other Shares & Deposits | 18,791,720 |
| TOTAL SHARES & DEPOSITS | 66,990,332 |
| TOTAL LIABILITIES | 67,673,282 |
| Regular Reserve | 0 |
| Other Reserves | -1,518,949 |
| Undivided Earnings | 8,053,112 |
| TOTAL EQUITY | 6,534,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,207,445 |
| INCOME & EXPENSE | |
| Loan Income | 2,841,086 |
| Investment Income | 458,223 |
| Other Income | 724,553 |
| Total Employee Compensation & Benefits | 1,350,248 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,184,483 |
| Non-operating Income & (Expense) | 586,244 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 341,312 |
| Cost of Funds | 388,241 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,357 |
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