Dec, 31, 2023 — JACOM CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $60.60 million in total assets. Opened 73 years ago in 1951, JACOM CREDIT UNION has about 8,131 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JACOM CREDIT UNION |
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Address: (Main Office) | 3037 w jefferson blvd LOS ANGELES, CA 90018 |
Phone: | (323) 731-9358 |
Fax: | (323) 733-2438 |
Website: | https://jacomcu.org |
Branches: | 2 branch locations |
Members: | 8,131 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63589 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $60,600,598 |
CEO/Manager: | Scott s Umemoto |
Chairperson: | WALTER RODRIGUEZ |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,608,004 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,019,681 |
Unsecured Loans | 367,361 |
Other Loans | 9,949,866 |
TOTAL LOANS | 14,336,908 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,147 |
Land And Building | 214,981 |
Other Fixed Assets | 431,988 |
NCUSIF Deposit | 570,320 |
All Other Assets | 0 |
TOTAL ASSETS | 60,600,598 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,517 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 601,642 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,749,399 |
Regular shares | 36,797,120 |
All Other Shares & Deposits | 9,219,592 |
TOTAL SHARES & DEPOSITS | 53,766,111 |
TOTAL LIABILITIES | 54,369,270 |
Regular Reserve | 0 |
Other Reserves | -3,801,852 |
Undivided Earnings | 10,033,180 |
TOTAL EQUITY | 6,231,328 |
TOTAL LIABILITIES, SHARES, & EQUITY | 60,600,598 |
INCOME & EXPENSE | |
Loan Income | 488,804 |
Investment Income | 808,552 |
Other Income | 16,919 |
Total Employee Compensation & Benefits | 745,718 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,116,001 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 83,686 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -475,260 |
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