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JAFARI NO-INTEREST CREDIT UNION

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.


ABA Routing Number: 113094301
Name:JAFARI NO-INTEREST CREDIT UNION
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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