Dec, 31, 2021 — JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HARAHAN, LA with 6 branch locations and about $150.69 million in total assets. Opened 63 years ago in 1959, JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION has about 13,439 members and employs 50 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 |
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Address: (Main Office) | 1221 Elmwood Park Blvd HARAHAN, LA 70123 |
Phone: | (504) 736-6144 |
Fax: | (504) 736-6139 |
Website: | http://www.jpefcu.org |
Branches: | 6 branch locations |
Members: | 13,439 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13271 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $150,691,626 |
CEO/Manager: | Michael B Loyd |
Chairperson: | Leo J Webb Sr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 38,726,937 |
TOTAL INVESTMENTS | 36,463,830 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,772,067 |
Unsecured Loans | 17,217,900 |
Other Loans | 29,876,389 |
TOTAL LOANS | 67,866,356 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -619,925 |
Land And Building | 563,097 |
Other Fixed Assets | 713,497 |
NCUSIF Deposit | 1,193,577 |
All Other Assets | 5,784,257 |
TOTAL ASSETS | 150,691,626 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 822,055 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,099,517 |
Regular shares | 86,928,321 |
All Other Shares & Deposits | 21,977,622 |
TOTAL SHARES & DEPOSITS | 137,005,460 |
TOTAL LIABILITIES | 137,827,515 |
Regular Reserve | 1,277,556 |
Other Reserves | -4,518,486 |
Undivided Earnings | 16,105,041 |
TOTAL EQUITY | 12,864,111 |
TOTAL LIABILITIES, SHARES, & EQUITY | 150,691,626 |
INCOME & EXPENSE | |
Loan Income | 4,138,616 |
Investment Income | 324,285 |
Other Income | 2,104,446 |
Total Employee Compensation & Benefits | 3,522,687 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,674,408 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,308 |
Cost of Funds | 529,776 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,507,067 |
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