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