Dec, 31, 2023 — JAFARI NO-INTEREST CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 3 branch locations and about $2.26 million in total assets. Opened 8 years ago in 2016, JAFARI NO-INTEREST CREDIT UNION has about 398 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JAFARI NO-INTEREST CREDIT UNION |
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Address: (Main Office) | 2323 S Voss Rd Ste 370 HOUSTON, TX 77057-3820 |
Phone: | (713) 331-1072 |
Fax: | |
Website: | https://www.jafaricu.com |
Branches: | 3 branch locations |
Members: | 398 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68675 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 2016 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,262,008 |
CEO/Manager: | Imran Dhanji |
Chairperson: | Reza Khalili |
ASSETS: | $ Amount |
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Cash & Equivalents | 443,020 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 105,341 |
Other Loans | 721,219 |
TOTAL LOANS | 826,560 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,120 |
Land And Building | 0 |
Other Fixed Assets | 5 |
NCUSIF Deposit | 15,043 |
All Other Assets | 0 |
TOTAL ASSETS | 2,262,008 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,810,839 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,810,839 |
TOTAL LIABILITIES | 1,810,839 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 451,169 |
TOTAL EQUITY | 451,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,262,008 |
INCOME & EXPENSE | |
Loan Income | 0 |
Investment Income | 59,826 |
Other Income | 24,172 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 33,248 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,820 |
Cost of Funds | 0 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 42,930 |
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