Dec, 31, 2023 — JETSTREAM FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI LAKES, FL with 6 branch locations and about $254.47 million in total assets. Opened 76 years ago in 1948, JETSTREAM FEDERAL CREDIT UNION has about 14,216 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JETSTREAM FEDERAL CREDIT UNION |
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Address: (Main Office) | 7900 Oak Ln Ste 300 MIAMI LAKES, FL 33016 |
Phone: | (305) 821-7060 |
Fax: | (305) 819-1875 |
Website: | https://www.jetstreamfcu.org |
Branches: | 6 branch locations |
Members: | 14,216 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24718 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $254,469,522 |
CEO/Manager: | Jeanne R Kucey |
Chairperson: | Bolivar T Perez |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,176,332 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,742,929 |
Unsecured Loans | 10,909,954 |
Other Loans | 58,977,669 |
TOTAL LOANS | 162,630,552 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -860,256 |
Land And Building | 0 |
Other Fixed Assets | 2,405,529 |
NCUSIF Deposit | 1,899,612 |
All Other Assets | 23,391 |
TOTAL ASSETS | 254,469,522 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 6,729,318 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 39,416,225 |
Regular shares | 97,285,391 |
All Other Shares & Deposits | 70,567,284 |
TOTAL SHARES & DEPOSITS | 207,268,900 |
TOTAL LIABILITIES | 228,998,218 |
Regular Reserve | 0 |
Other Reserves | 2,098,340 |
Undivided Earnings | 23,372,964 |
TOTAL EQUITY | 25,471,304 |
TOTAL LIABILITIES, SHARES, & EQUITY | 254,469,522 |
INCOME & EXPENSE | |
Loan Income | 7,875,567 |
Investment Income | 2,772,162 |
Other Income | 1,233,560 |
Total Employee Compensation & Benefits | 4,834,615 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,240,652 |
Non-operating Income & (Expense) | 437,096 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 332,110 |
Cost of Funds | 1,303,662 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,666,002 |
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