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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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