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 |
| 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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