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