Jun, 30, 2021 — JSC FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 19 branch locations and about $2.66 billion in total assets. Opened 60 years ago in 1961, JSC FEDERAL CREDIT UNION has about 137,380 members and employs 345 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: | 137,380 |
| 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: | $2,664,629,726 |
| CEO/Manager: | Christie Jordan |
| Chairperson: | Deborah A Conder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 132,892,391 |
| TOTAL INVESTMENTS | 1,078,608,891 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 619,417,305 |
| Unsecured Loans | 60,582,685 |
| Other Loans | 675,116,681 |
| TOTAL LOANS | 1,355,116,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,401,769 |
| Land And Building | 32,983,117 |
| Other Fixed Assets | 4,059,950 |
| NCUSIF Deposit | 21,027,776 |
| All Other Assets | 47,342,699 |
| TOTAL ASSETS | 2,664,629,726 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 772,565 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,631,834 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 121,905,700 |
| Regular shares | 888,246,175 |
| All Other Shares & Deposits | 1,339,591,976 |
| TOTAL SHARES & DEPOSITS | 2,349,743,851 |
| TOTAL LIABILITIES | 2,364,148,250 |
| Regular Reserve | 9,314,541 |
| Other Reserves | 22,925,192 |
| Undivided Earnings | 268,241,743 |
| TOTAL EQUITY | 300,481,476 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,664,629,726 |
| INCOME & EXPENSE | |
| Loan Income | 25,056,065 |
| Investment Income | 8,917,593 |
| Other Income | 2,913,796 |
| Total Employee Compensation & Benefits | 13,560,457 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,023,881 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,958,555 |
| Cost of Funds | 4,345,640 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,741,603 |
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