Dec, 31, 2023 — JORDAN FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH JORDAN, UT with 6 branch locations and about $376.33 million in total assets. Opened 74 years ago in 1950, JORDAN FEDERAL CREDIT UNION has about 26,113 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JORDAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1750 West 11400 South #200 SOUTH JORDAN, UT 84095 |
| Phone: | (801) 566-4195 |
| Fax: | (801) 253-3223 |
| Website: | https://www.jordan-cu.org |
| Branches: | 6 branch locations |
| Members: | 26,113 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24698 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $376,334,454 |
| CEO/Manager: | Lindsey Merritt |
| Chairperson: | Sheradee Bradfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,913,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 110,079,980 |
| Unsecured Loans | 15,063,209 |
| Other Loans | 102,148,200 |
| TOTAL LOANS | 227,291,389 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,755,911 |
| Land And Building | 13,469,715 |
| Other Fixed Assets | 1,167,266 |
| NCUSIF Deposit | 3,125,505 |
| All Other Assets | 17,000 |
| TOTAL ASSETS | 376,334,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 717,444 |
| Notes & Interest Payable | 9,750,000 |
| Accounts Payable & Other Liabilities | 1,485,512 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,074,941 |
| Regular shares | 106,060,800 |
| All Other Shares & Deposits | 151,983,493 |
| TOTAL SHARES & DEPOSITS | 337,119,233 |
| TOTAL LIABILITIES | 349,072,189 |
| Regular Reserve | 0 |
| Other Reserves | -7,901,502 |
| Undivided Earnings | 35,163,767 |
| TOTAL EQUITY | 27,262,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 376,334,454 |
| INCOME & EXPENSE | |
| Loan Income | 10,621,820 |
| Investment Income | 2,292,610 |
| Other Income | 1,272,121 |
| Total Employee Compensation & Benefits | 6,217,226 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,363,832 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 716,383 |
| Cost of Funds | 3,671,219 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 660,778 |
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