Sep, 30, 2025 — JACKSON AREA FEDERAL CREDIT UNION (JAFCU) is a federal credit union headquartered in JACKSON, MS with 3 branch locations and about $153.70 million in total assets. Opened 73 years ago in 1953, JACKSON AREA FEDERAL CREDIT UNION (JAFCU) has about 15,543 members and employs 33 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: | https://www.jacksonareafcu.com |
| Branches: | 3 branch locations |
| Members: | 15,543 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $153,702,442 |
| CEO/Manager: | Leigh J Bridges |
| Chairperson: | John Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 99,145,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 273,333 |
| Unsecured Loans | 7,163,159 |
| Other Loans | 38,036,707 |
| TOTAL LOANS | 45,473,199 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -507,836 |
| Land And Building | 2,075,184 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,246,012 |
| All Other Assets | 66,282 |
| TOTAL ASSETS | 153,702,442 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,300,000 |
| Accounts Payable & Other Liabilities | 125,766 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,254,584 |
| Regular shares | 60,500,910 |
| All Other Shares & Deposits | 62,379,576 |
| TOTAL SHARES & DEPOSITS | 135,135,070 |
| TOTAL LIABILITIES | 139,560,836 |
| Regular Reserve | 0 |
| Other Reserves | 1,337,648 |
| Undivided Earnings | 12,803,958 |
| TOTAL EQUITY | 14,141,606 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,702,442 |
| INCOME & EXPENSE | |
| Loan Income | 2,660,285 |
| Investment Income | 713,580 |
| Other Income | 2,700,321 |
| Total Employee Compensation & Benefits | 1,744,275 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,721,565 |
| Non-operating Income & (Expense) | 129,286 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 555,411 |
| Cost of Funds | 1,520,873 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 661,348 |
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