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JACKSON AREA FEDERAL CREDIT UNION (JAFCU)

Mar, 31, 2022 — JACKSON AREA FEDERAL CREDIT UNION (JAFCU) is a federal credit union headquartered in JACKSON, MS with 2 branch locations and about $108.13 million in total assets. Opened 69 years ago in 1953, JACKSON AREA FEDERAL CREDIT UNION (JAFCU) has about 14,061 members and employs 29 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:14,061
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:$108,127,258
CEO/Manager:Gary N Fairley
Chairperson:John Anderson

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 54,071,742
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 498,987
 Unsecured Loans 5,116,587
 Other Loans 31,638,404
 TOTAL LOANS 37,253,978
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -579,259
 Land And Building 1,849,606
 Other Fixed Assets 49,103
 NCUSIF Deposit 884,216
 All Other Assets 40,226
  TOTAL ASSETS 108,127,258
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 3,300,000
 Accounts Payable & Other Liabilities 445,095
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,928,761
 Regular shares 65,791,740
 All Other Shares & Deposits 12,699,980
  TOTAL SHARES & DEPOSITS 93,420,481
  TOTAL LIABILITIES 97,165,576
 Regular Reserve 0
 Other Reserves 1,184,363
 Undivided Earnings 9,777,319
  TOTAL EQUITY 10,961,682
  TOTAL LIABILITIES, SHARES, & EQUITY 108,127,258
INCOME & EXPENSE  
 Loan Income 579,098
 Investment Income 24,623
 Other Income 437,971
 Total Employee Compensation & Benefits 474,474
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 411,222
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 37,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 149,308
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