Dec, 31, 2023 — JACKSON COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in EDNA, TX with 1 branch location and about $8.55 million in total assets. Opened 69 years ago in 1955, JACKSON COUNTY FEDERAL CREDIT UNION has about 712 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JACKSON COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 309 N Allen St EDNA, TX 77957 |
| Phone: | (361) 782-0708 |
| Fax: | (361) 782-5533 |
| Website: | https://www.jacksoncountyfcu.com |
| Branches: | 1 branch locations |
| Members: | 712 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10324 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,549,125 |
| CEO/Manager: | Lori Matus |
| Chairperson: | David Sheblak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,257,494 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 124,103 |
| Unsecured Loans | 606,650 |
| Other Loans | 5,746,649 |
| TOTAL LOANS | 6,477,402 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,148 |
| Land And Building | 79,344 |
| Other Fixed Assets | 39,991 |
| NCUSIF Deposit | 72,090 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,549,125 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,649,539 |
| Regular shares | 4,990,766 |
| All Other Shares & Deposits | 1,211,331 |
| TOTAL SHARES & DEPOSITS | 7,851,636 |
| TOTAL LIABILITIES | 7,864,871 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 684,254 |
| TOTAL EQUITY | 684,254 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,549,125 |
| INCOME & EXPENSE | |
| Loan Income | 229,035 |
| Investment Income | 44,162 |
| Other Income | 11,017 |
| Total Employee Compensation & Benefits | 112,420 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 92,715 |
| Non-operating Income & (Expense) | 813 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,840 |
| Cost of Funds | 62,598 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,658 |
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