Jun, 30, 2024 — JAFARI NO-INTEREST CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 3 branch locations and about $1.89 million in total assets. Opened 9 years ago in 2016, JAFARI NO-INTEREST CREDIT UNION has about 335 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 |
|---|---|
| Address: (Main Office) | 2323 S Voss Rd Ste 308 HOUSTON, TX 77057-3829 |
| Phone: | (713) 331-1072 |
| Fax: | |
| Website: | https://www.jafaricu.com |
| Branches: | 3 branch locations |
| Members: | 335 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,886,854 |
| CEO/Manager: | Imran Dhanji |
| Chairperson: | Reza Khalili |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 415,068 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 83,293 |
| Other Loans | 530,887 |
| TOTAL LOANS | 614,180 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,890 |
| Land And Building | 0 |
| Other Fixed Assets | 5 |
| NCUSIF Deposit | 13,991 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,886,854 |
| 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 | 1,494,019 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,494,019 |
| TOTAL LIABILITIES | 1,494,019 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 392,835 |
| TOTAL EQUITY | 392,835 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,886,854 |
| INCOME & EXPENSE | |
| Loan Income | 0 |
| Investment Income | 5,144 |
| Other Income | 32,035 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,624 |
| Non-operating Income & (Expense) | 12,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 897 |
| Cost of Funds | 118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,540 |
| ↑ Back to Top | |