Dec, 31, 2023 — JEFFERSON FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 14 branch locations and about $754.37 million in total assets. Opened 58 years ago in 1966, JEFFERSON FINANCIAL FEDERAL CREDIT UNION has about 46,246 members and employs 150 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JEFFERSON FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7701 Airline Dr METAIRIE, LA 70003-6228 |
| Phone: | (504) 348-2424 |
| Fax: | |
| Website: | https://my.jeffersonfinancial.org/ |
| Branches: | 14 branch locations |
| Members: | 46,246 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24871 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $754,373,601 |
| CEO/Manager: | Mark Rosa |
| Chairperson: | Susan Bloom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,897,212 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 247,459,595 |
| Unsecured Loans | 61,484,428 |
| Other Loans | 200,344,885 |
| TOTAL LOANS | 509,288,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,648,866 |
| Land And Building | 31,829,222 |
| Other Fixed Assets | 2,255,776 |
| NCUSIF Deposit | 5,567,306 |
| All Other Assets | 917,733 |
| TOTAL ASSETS | 754,373,601 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,613 |
| Notes & Interest Payable | 145,243,509 |
| Accounts Payable & Other Liabilities | 11,578,322 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 9,432,000 |
| Share Drafts | 87,076,547 |
| Regular shares | 263,960,698 |
| All Other Shares & Deposits | 184,399,510 |
| TOTAL SHARES & DEPOSITS | 535,436,756 |
| TOTAL LIABILITIES | 702,009,329 |
| Regular Reserve | 0 |
| Other Reserves | -6,710,473 |
| Undivided Earnings | 59,074,745 |
| TOTAL EQUITY | 52,364,272 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 754,373,601 |
| INCOME & EXPENSE | |
| Loan Income | 28,198,085 |
| Investment Income | 5,745,713 |
| Other Income | 4,674,442 |
| Total Employee Compensation & Benefits | 13,030,542 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,605,656 |
| Non-operating Income & (Expense) | 459,883 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,226,039 |
| Cost of Funds | 14,844,799 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -549,362 |
| ↑ Back to Top | |