Dec, 31, 2023 — NATIONAL J. A. C. L. CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $36.25 million in total assets. Opened 37 years ago in 1987, NATIONAL J. A. C. L. CREDIT UNION has about 3,117 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NATIONAL J. A. C. L. CREDIT UNION |
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Address: (Main Office) | 3776 S Highland Dr SALT LAKE CITY, UT 84106-3270 |
Phone: | (801) 424-5225 |
Fax: | (801) 424-5220 |
Website: | https://jaclcu.com |
Branches: | 1 branch locations |
Members: | 3,117 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67005 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1987 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,254,053 |
CEO/Manager: | Dean I Hirabayashi |
Chairperson: | Larry Grant |
ASSETS: | $ Amount |
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Cash & Equivalents | 717,624 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,270,747 |
Unsecured Loans | 1,198,474 |
Other Loans | 8,571,474 |
TOTAL LOANS | 21,040,695 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -227,365 |
Land And Building | 944,563 |
Other Fixed Assets | 51,386 |
NCUSIF Deposit | 329,166 |
All Other Assets | 0 |
TOTAL ASSETS | 36,254,053 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,392 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,272,783 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,247,458 |
Regular shares | 11,762,434 |
All Other Shares & Deposits | 15,123,762 |
TOTAL SHARES & DEPOSITS | 31,133,654 |
TOTAL LIABILITIES | 32,421,829 |
Regular Reserve | 0 |
Other Reserves | 2,001,291 |
Undivided Earnings | 1,830,933 |
TOTAL EQUITY | 3,832,224 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,254,053 |
INCOME & EXPENSE | |
Loan Income | 1,014,230 |
Investment Income | 264,926 |
Other Income | 22,866 |
Total Employee Compensation & Benefits | 397,977 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 679,442 |
Non-operating Income & (Expense) | 10,615 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,000 |
Cost of Funds | 219,426 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 65,880 |
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