Dec, 31, 2023 — JAX FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 7 branch locations and about $581.31 million in total assets. Opened 89 years ago in 1935, JAX FEDERAL CREDIT UNION has about 43,512 members and employs 116 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JAX FEDERAL CREDIT UNION |
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Address: (Main Office) | 562 Park St JACKSONVILLE, FL 32204-2918 |
Phone: | (904) 475-8000 |
Fax: | (904) 359-8328 |
Website: | https://www.radificu.org |
Branches: | 7 branch locations |
Members: | 43,512 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 340 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $581,309,825 |
CEO/Manager: | John J Servos |
Chairperson: | Eugene Worth |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,311,986 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 216,105,330 |
Unsecured Loans | 43,874,288 |
Other Loans | 158,413,245 |
TOTAL LOANS | 418,392,863 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,415,232 |
Land And Building | 7,735,714 |
Other Fixed Assets | 1,326,697 |
NCUSIF Deposit | 4,953,105 |
All Other Assets | 252,175 |
TOTAL ASSETS | 581,309,825 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 534,817 |
Notes & Interest Payable | 18,474,536 |
Accounts Payable & Other Liabilities | 7,921,351 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 118,702,068 |
Regular shares | 142,789,538 |
All Other Shares & Deposits | 247,933,073 |
TOTAL SHARES & DEPOSITS | 509,424,678 |
TOTAL LIABILITIES | 536,355,382 |
Regular Reserve | 0 |
Other Reserves | -15,094,647 |
Undivided Earnings | 60,049,090 |
TOTAL EQUITY | 44,954,443 |
TOTAL LIABILITIES, SHARES, & EQUITY | 581,309,825 |
INCOME & EXPENSE | |
Loan Income | 21,781,081 |
Investment Income | 2,777,580 |
Other Income | 2,671,146 |
Total Employee Compensation & Benefits | 10,500,109 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,021,615 |
Non-operating Income & (Expense) | -2,684 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,408,112 |
Cost of Funds | 5,561,954 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,726,857 |
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