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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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