Dec, 31, 2023 — JUSTICE FEDERAL CREDIT UNION is a federal credit union headquartered in CHANTILLY, VA with 21 branch locations and about $969.36 million in total assets. Opened 89 years ago in 1935, JUSTICE FEDERAL CREDIT UNION has about 62,965 members and employs 165 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JUSTICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5175 Parkstone Dr Ste 200 CHANTILLY, VA 20151-3816 |
| Phone: | (703) 480-5300 |
| Fax: | (703) 480-5400 |
| Website: | https://www.jfcu.org |
| Branches: | 21 branch locations |
| Members: | 62,965 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 151 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $969,364,811 |
| CEO/Manager: | Mark Robnett |
| Chairperson: | Ellen M Warwick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,276,943 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 492,237,123 |
| Unsecured Loans | 135,309,683 |
| Other Loans | 120,760,048 |
| TOTAL LOANS | 748,306,854 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,707,477 |
| Land And Building | 12,427,508 |
| Other Fixed Assets | 1,802,139 |
| NCUSIF Deposit | 7,508,351 |
| All Other Assets | 147,515 |
| TOTAL ASSETS | 969,364,811 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,946,765 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 15,796,145 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 197,127,554 |
| Regular shares | 250,507,554 |
| All Other Shares & Deposits | 377,607,340 |
| TOTAL SHARES & DEPOSITS | 825,242,447 |
| TOTAL LIABILITIES | 867,985,357 |
| Regular Reserve | 0 |
| Other Reserves | -19,219,669 |
| Undivided Earnings | 120,599,123 |
| TOTAL EQUITY | 101,379,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 969,364,811 |
| INCOME & EXPENSE | |
| Loan Income | 40,314,991 |
| Investment Income | 4,865,498 |
| Other Income | 2,778,964 |
| Total Employee Compensation & Benefits | 19,185,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,752,292 |
| Non-operating Income & (Expense) | 220,465 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,768,889 |
| Cost of Funds | 8,599,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,270,042 |
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