Dec, 31, 2020 — JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HARAHAN, LA with 6 branch locations and about $125.69 million in total assets. Opened 62 years ago in 1959, JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION has about 13,593 members and employs 55 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 PARISH EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1221 ELMWOOD PARK BLVD, ROOM 207 HARAHAN, LA 70123 |
| Phone: | (504) 736-6144 |
| Fax: | (504) 736-6139 |
| Website: | http://www.jpefcu.org |
| Branches: | 6 branch locations |
| Members: | 13,593 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13271 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $125,685,734 |
| CEO/Manager: | Michael B Loyd |
| Chairperson: | Leo J Webb Sr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,730,058 |
| TOTAL INVESTMENTS | 26,398,691 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,776,686 |
| Unsecured Loans | 15,604,746 |
| Other Loans | 30,463,858 |
| TOTAL LOANS | 61,845,290 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -742,708 |
| Land And Building | 577,136 |
| Other Fixed Assets | 744,512 |
| NCUSIF Deposit | 1,057,463 |
| All Other Assets | 6,075,292 |
| TOTAL ASSETS | 125,685,734 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 838,405 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,841,380 |
| Regular shares | 68,305,617 |
| All Other Shares & Deposits | 22,219,771 |
| TOTAL SHARES & DEPOSITS | 113,366,768 |
| TOTAL LIABILITIES | 114,205,173 |
| Regular Reserve | 1,277,556 |
| Other Reserves | -4,394,969 |
| Undivided Earnings | 14,597,974 |
| TOTAL EQUITY | 11,480,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 125,685,734 |
| INCOME & EXPENSE | |
| Loan Income | 3,958,695 |
| Investment Income | 496,371 |
| Other Income | 3,363,330 |
| Total Employee Compensation & Benefits | 3,642,957 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,790,457 |
| Non-operating Income & (Expense) | -9,961 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 484,590 |
| Cost of Funds | 564,796 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 325,635 |
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