Dec, 31, 2021 — JACKSON AREA FEDERAL CREDIT UNION (JAFCU) is a federal credit union headquartered in JACKSON, MS with 2 branch locations and about $104.76 million in total assets. Opened 69 years ago in 1953, JACKSON AREA FEDERAL CREDIT UNION (JAFCU) has about 14,037 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JACKSON AREA FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 5675 Highway 18 W JACKSON, MS 39209 |
Phone: | (601) 922-7055 |
Fax: | (601) 922-3057 |
Website: | http://www.jacksonareafcu.com |
Branches: | 2 branch locations |
Members: | 14,037 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8445 |
---|---|
Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,764,051 |
CEO/Manager: | Gary N Fairley |
Chairperson: | John Anderson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 52,813,937 |
TOTAL INVESTMENTS | 11,381,524 |
Loans Held for Sale | 0 |
Real Estate Loans | 516,228 |
Unsecured Loans | 5,042,409 |
Other Loans | 32,403,438 |
TOTAL LOANS | 37,962,075 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -606,968 |
Land And Building | 1,870,878 |
Other Fixed Assets | 53,295 |
NCUSIF Deposit | 883,820 |
All Other Assets | 405,490 |
TOTAL ASSETS | 104,764,051 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 4,500,000 |
Accounts Payable & Other Liabilities | 437,929 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,370,324 |
Regular shares | 63,541,246 |
All Other Shares & Deposits | 13,102,178 |
TOTAL SHARES & DEPOSITS | 89,013,748 |
TOTAL LIABILITIES | 93,951,677 |
Regular Reserve | 1,184,363 |
Other Reserves | 0 |
Undivided Earnings | 9,628,011 |
TOTAL EQUITY | 10,812,374 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,764,051 |
INCOME & EXPENSE | |
Loan Income | 2,186,938 |
Investment Income | 195,211 |
Other Income | 1,832,767 |
Total Employee Compensation & Benefits | 1,893,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,616,280 |
Non-operating Income & (Expense) | 156,957 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,035 |
Cost of Funds | 178,243 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 673,815 |
↑ Back to Top |