Dec, 31, 2023 — JEFFERSON COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, IN with 2 branch locations and about $17.10 million in total assets. Opened 55 years ago in 1969, JEFFERSON COMMUNITY FEDERAL CREDIT UNION has about 2,105 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JEFFERSON COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 545 Ivy Tech Dr MADISON, IN 47250 |
| Phone: | (812) 265-3003 |
| Fax: | (812) 273-2609 |
| Website: | https://jcfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,105 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19319 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,099,908 |
| CEO/Manager: | Stephanie J Marion |
| Chairperson: | Susan Poling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,099,748 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 962,368 |
| Unsecured Loans | 296,315 |
| Other Loans | 6,597,407 |
| TOTAL LOANS | 7,856,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,574 |
| Land And Building | 308,384 |
| Other Fixed Assets | 22,642 |
| NCUSIF Deposit | 159,517 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,099,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 146,514 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,715,659 |
| Regular shares | 9,988,524 |
| All Other Shares & Deposits | 1,796,153 |
| TOTAL SHARES & DEPOSITS | 15,500,336 |
| TOTAL LIABILITIES | 15,646,850 |
| Regular Reserve | 0 |
| Other Reserves | 203,203 |
| Undivided Earnings | 1,249,855 |
| TOTAL EQUITY | 1,453,058 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,099,908 |
| INCOME & EXPENSE | |
| Loan Income | 349,665 |
| Investment Income | 300,400 |
| Other Income | 77,515 |
| Total Employee Compensation & Benefits | 238,081 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 414,209 |
| Non-operating Income & (Expense) | 14,879 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,075 |
| Cost of Funds | 37,661 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 184,036 |
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