Dec, 31, 2021 — JSC FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 19 branch locations and about $2.62 billion in total assets. Opened 61 years ago in 1961, JSC FEDERAL CREDIT UNION has about 144,497 members and employs 344 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) | 1330 Gemini St HOUSTON, TX 77058 |
Phone: | (281) 488-7070 |
Fax: | (281) 283-0722 |
Website: | http://www.wellbyfinancial.com |
Branches: | 19 branch locations |
Members: | 144,497 |
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: | Jun 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,623,269,606 |
CEO/Manager: | Martyn Pell |
Chairperson: | Deborah A Conder |
ASSETS: | $ Amount |
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Cash & Equivalents | 207,152,731 |
TOTAL INVESTMENTS | 825,261,814 |
Loans Held for Sale | 0 |
Real Estate Loans | 784,754,609 |
Unsecured Loans | 60,209,670 |
Other Loans | 621,142,628 |
TOTAL LOANS | 1,466,980,968 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,698,230 |
Land And Building | 35,069,594 |
Other Fixed Assets | 302,535 |
NCUSIF Deposit | 23,497,439 |
All Other Assets | 72,702,755 |
TOTAL ASSETS | 2,623,269,606 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,674,163 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 39,551,981 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 165,503,294 |
Regular shares | 878,867,145 |
All Other Shares & Deposits | 1,235,004,129 |
TOTAL SHARES & DEPOSITS | 2,279,374,568 |
TOTAL LIABILITIES | 2,324,600,712 |
Regular Reserve | 9,314,543 |
Other Reserves | 10,074,398 |
Undivided Earnings | 279,279,953 |
TOTAL EQUITY | 298,668,894 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,623,269,606 |
INCOME & EXPENSE | |
Loan Income | 53,084,429 |
Investment Income | 17,555,558 |
Other Income | 6,420,298 |
Total Employee Compensation & Benefits | 26,923,340 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 32,679,306 |
Non-operating Income & (Expense) | 2,560,532 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,657,560 |
Cost of Funds | 8,057,879 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,779,492 |
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