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