Sep, 30, 2025 — JEFFERSON CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 4 branch locations and about $91.77 million in total assets. Opened 85 years ago in 1941, JEFFERSON CREDIT UNION has about 8,294 members and employs 23 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 5261 Ross Bridge Pkwy HOOVER, AL 35226 |
| Phone: | (205) 444-4528 |
| Fax: | (205) 403-8350 |
| Website: | https://www.jeffersoncreditunion.org |
| Branches: | 4 branch locations |
| Members: | 8,294 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63834 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,765,155 |
| CEO/Manager: | Richard Morris |
| Chairperson: | Johnathan Shorts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,362,721 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,951,816 |
| Unsecured Loans | 5,246,121 |
| Other Loans | 29,965,585 |
| TOTAL LOANS | 52,163,521 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,292,524 |
| Land And Building | 2,950,163 |
| Other Fixed Assets | 249,187 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 811,990 |
| All Other Assets | 88,235 |
| TOTAL ASSETS | 91,765,155 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,395 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 585,773 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,173,256 |
| Regular shares | 38,991,822 |
| All Other Shares & Deposits | 27,430,024 |
| TOTAL SHARES & DEPOSITS | 82,595,102 |
| TOTAL LIABILITIES | 83,185,270 |
| Regular Reserve | 0 |
| Other Reserves | 220,084 |
| Undivided Earnings | 8,359,801 |
| TOTAL EQUITY | 8,579,885 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,765,155 |
| INCOME & EXPENSE | |
| Loan Income | 2,821,737 |
| Investment Income | 767,570 |
| Other Income | 752,817 |
| Total Employee Compensation & Benefits | 1,284,587 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,102,359 |
| Non-operating Income & (Expense) | 109,260 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 369,448 |
| Cost of Funds | 911,258 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,725 |
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