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JACOM CREDIT UNION

Sep, 30, 2021 — JACOM CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 1 branch location and about $71.22 million in total assets. Opened 71 years ago in 1951, JACOM CREDIT UNION has about 8,343 members and employs 7 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
Address:
(Main Office)
3037 W JEFFERSON BLVD
LOS ANGELES, CA 90018
Phone:(323) 731-9358
Fax:(323) 733-2438
Website:http://jacomcu.org
Branches:1 branch locations
Members:8,343
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63589
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1951
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$71,224,742
CEO/Manager:Scott s Umemoto
Chairperson:WALTER RODRIGUEZ

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,803,560
TOTAL INVESTMENTS 48,408,711
Loans Held for Sale 0
 
 Real Estate Loans 3,867,636
 Unsecured Loans 278,068
 Other Loans 7,371,908
 TOTAL LOANS 11,517,612
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -84,184
 Land And Building 213,063
 Other Fixed Assets 270,880
 NCUSIF Deposit 592,844
 All Other Assets 2,502,256
  TOTAL ASSETS 71,224,742
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,053,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,898,143
 Regular shares 41,598,109
 All Other Shares & Deposits 10,262,156
  TOTAL SHARES & DEPOSITS 59,758,408
  TOTAL LIABILITIES 60,811,675
 Regular Reserve 2,278,344
 Other Reserves -491,153
 Undivided Earnings 8,625,876
  TOTAL EQUITY 10,413,067
  TOTAL LIABILITIES, SHARES, & EQUITY 71,224,742
INCOME & EXPENSE  
 Loan Income 329,610
 Investment Income 575,072
 Other Income 11,712
 Total Employee Compensation & Benefits 581,286
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 703,119
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 56,738
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -299,510
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