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JACO FEDERAL CREDIT UNION

Mar, 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 61 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:http://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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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