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JACO FEDERAL CREDIT UNION

Dec, 31, 2020 — JACO FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, LA with 1 branch location and about $12.09 million in total assets. Opened 60 years ago in 1961, JACO FEDERAL CREDIT UNION has about 1,855 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JACO FEDERAL CREDIT UNION
Address:
(Main Office)
P O BOX 550
RUSTON, LA 71273-0550
Phone:(318) 255-9101
Fax:(318) 255-2234
Website:http://www.jacofcu.com
Branches:1 branch locations
Members:1,855
Credit Union Type:Federal Credit Union
Charter Number:14291
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$12,091,987
CEO/Manager:DEBBIE H BRISTER
Chairperson:THOMAS J FOLK

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,062,893
TOTAL INVESTMENTS 1,557,902
Loans Held for Sale 0
 
 Real Estate Loans 4,283,778
 Unsecured Loans 236,925
 Other Loans 1,806,604
 TOTAL LOANS 6,327,307
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -25,384
 Land And Building 18,276
 Other Fixed Assets 6,606
 NCUSIF Deposit 94,818
 All Other Assets 49,569
  TOTAL ASSETS 12,091,987
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,838
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,448,654
 All Other Shares & Deposits 2,486,693
  TOTAL SHARES & DEPOSITS 9,935,347
  TOTAL LIABILITIES 9,953,185
 Regular Reserve 509,320
 Other Reserves 0
 Undivided Earnings 1,629,482
  TOTAL EQUITY 2,138,802
  TOTAL LIABILITIES, SHARES, & EQUITY 12,091,987
INCOME & EXPENSE  
 Loan Income 357,439
 Investment Income 49,057
 Other Income 19,248
 Total Employee Compensation & Benefits 251,584
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 139,721
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,500
 Cost of Funds 40,453
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,514
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