Jun, 30, 2024 — JORDAN FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH JORDAN, UT with 6 branch locations and about $386.37 million in total assets. Opened 75 years ago in 1950, JORDAN FEDERAL CREDIT UNION has about 25,901 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JORDAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1750 West 11400 South #200 SOUTH JORDAN, UT 84095 |
| Phone: | (801) 566-4195 |
| Fax: | (801) 253-3223 |
| Website: | https://www.jordan-cu.org |
| Branches: | 6 branch locations |
| Members: | 25,901 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24698 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $386,374,271 |
| CEO/Manager: | Lindsey Merritt |
| Chairperson: | Sheradee Bradfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,042,459 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,351,401 |
| Unsecured Loans | 12,156,906 |
| Other Loans | 97,660,777 |
| TOTAL LOANS | 211,169,084 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -293,668 |
| Land And Building | 13,703,121 |
| Other Fixed Assets | 1,366,164 |
| NCUSIF Deposit | 3,204,516 |
| All Other Assets | 9,450 |
| TOTAL ASSETS | 386,374,271 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 103,041 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,597,180 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 87,141,011 |
| Regular shares | 145,208,729 |
| All Other Shares & Deposits | 127,668,299 |
| TOTAL SHARES & DEPOSITS | 360,018,039 |
| TOTAL LIABILITIES | 362,718,260 |
| Regular Reserve | 0 |
| Other Reserves | -11,355,273 |
| Undivided Earnings | 35,011,284 |
| TOTAL EQUITY | 23,656,011 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 386,374,271 |
| INCOME & EXPENSE | |
| Loan Income | 5,937,631 |
| Investment Income | 1,510,419 |
| Other Income | 1,018,883 |
| Total Employee Compensation & Benefits | 4,252,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,271,241 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 177,712 |
| Cost of Funds | 609,358 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,126,317 |
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