Dec, 31, 2023 — JESSOP COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, PA with 1 branch location and about $32.97 million in total assets. Opened 72 years ago in 1952, JESSOP COMMUNITY FEDERAL CREDIT UNION has about 2,902 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: | JESSOP COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1100 Green St WASHINGTON, PA 15301-2338 |
Phone: | (724) 229-0720 |
Fax: | (724) 222-4458 |
Website: | https://www.jessopfcu.org |
Branches: | 1 branch locations |
Members: | 2,902 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7724 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,969,243 |
CEO/Manager: | Holly L Ashmore |
Chairperson: | Jeanne Terrill |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,340,334 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,529,887 |
Unsecured Loans | 784,411 |
Other Loans | 9,154,880 |
TOTAL LOANS | 15,469,178 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,284 |
Land And Building | 494,135 |
Other Fixed Assets | 7,936 |
NCUSIF Deposit | 320,232 |
All Other Assets | 0 |
TOTAL ASSETS | 32,969,243 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 75,342 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,171,639 |
Regular shares | 21,539,576 |
All Other Shares & Deposits | 1,790,025 |
TOTAL SHARES & DEPOSITS | 29,501,240 |
TOTAL LIABILITIES | 29,576,582 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,392,661 |
TOTAL EQUITY | 3,392,661 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,969,243 |
INCOME & EXPENSE | |
Loan Income | 546,118 |
Investment Income | 546,419 |
Other Income | 80,910 |
Total Employee Compensation & Benefits | 347,141 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 485,446 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,161 |
Cost of Funds | 21,395 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 405,008 |
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» See also Statement of Financial Condition