Dec, 31, 2020 — JSC FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 19 branch locations and about $2.57 billion in total assets. Opened 60 years ago in 1961, JSC FEDERAL CREDIT UNION has about 134,581 members and employs 319 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JSC FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 58346 HOUSTON, TX 77258 |
Phone: | (281) 488-7070 |
Fax: | (281) 283-0722 |
Website: | http://www.jscfcu.org |
Branches: | 19 branch locations |
Members: | 134,581 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14762 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Apr 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,573,724,423 |
CEO/Manager: | Brandon Michaels |
Chairperson: | Deborah A Conder |
ASSETS: | $ Amount |
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Cash & Equivalents | 214,119,051 |
TOTAL INVESTMENTS | 1,092,682,274 |
Loans Held for Sale | 0 |
Real Estate Loans | 438,467,262 |
Unsecured Loans | 63,742,151 |
Other Loans | 682,097,994 |
TOTAL LOANS | 1,184,307,407 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,701,629 |
Land And Building | 32,105,258 |
Other Fixed Assets | 3,021,005 |
NCUSIF Deposit | 20,074,891 |
All Other Assets | 34,116,166 |
TOTAL ASSETS | 2,573,724,423 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,020,038 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,225,806 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 120,274,640 |
Regular shares | 808,163,775 |
All Other Shares & Deposits | 1,327,079,465 |
TOTAL SHARES & DEPOSITS | 2,255,517,880 |
TOTAL LIABILITIES | 2,266,763,724 |
Regular Reserve | 9,314,541 |
Other Reserves | 34,146,019 |
Undivided Earnings | 263,500,139 |
TOTAL EQUITY | 306,960,699 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,573,724,423 |
INCOME & EXPENSE | |
Loan Income | 44,839,499 |
Investment Income | 20,978,699 |
Other Income | 14,094,881 |
Total Employee Compensation & Benefits | 23,822,338 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,022,017 |
Non-operating Income & (Expense) | 3,004,232 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,648,354 |
Cost of Funds | 13,892,015 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,532,587 |
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