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