JACO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.jacofcu.com for more information.
Dec, 31, 2022 — JACO FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, LA with 1 branch location and about $12.18 million in total assets. Opened 62 years ago in 1961, JACO FEDERAL CREDIT UNION has about 1,840 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: | https://www.jacofcu.com |
Branches: | 1 branch locations |
Members: | 1,840 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,176,497 |
CEO/Manager: | DEBBIE H BRISTER |
Chairperson: | THOMAS J FOLK |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,441,504 |
TOTAL INVESTMENTS | 907,902 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,940,199 |
Unsecured Loans | 215,195 |
Other Loans | 1,518,170 |
TOTAL LOANS | 5,673,564 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,622 |
Land And Building | 14,369 |
Other Fixed Assets | 7,396 |
NCUSIF Deposit | 98,865 |
All Other Assets | 52,519 |
TOTAL ASSETS | 12,176,497 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,316 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,794,312 |
All Other Shares & Deposits | 2,332,527 |
TOTAL SHARES & DEPOSITS | 10,126,839 |
TOTAL LIABILITIES | 10,136,155 |
Regular Reserve | 509,320 |
Other Reserves | 0 |
Undivided Earnings | 1,531,022 |
TOTAL EQUITY | 2,040,342 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,176,497 |
INCOME & EXPENSE | |
Loan Income | 220,324 |
Investment Income | 6,114 |
Other Income | 9,174 |
Total Employee Compensation & Benefits | 189,308 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 115,107 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,772 |
Cost of Funds | 19,774 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -98,459 |
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