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JACKSON RIVER COMMUNITY CREDIT UNION

Dec, 31, 2023 — JACKSON RIVER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in COVINGTON, VA with 2 branch locations and about $108.54 million in total assets. Opened 71 years ago in 1953, JACKSON RIVER COMMUNITY CREDIT UNION has about 7,069 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JACKSON RIVER COMMUNITY CREDIT UNION
Address:
(Main Office)
347 N Court Ave
COVINGTON, VA 24426
Phone:(540) 962-6154
Fax:(540) 965-5154
Website:https://www.jrccu.org
Branches:2 branch locations
Members:7,069
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66967
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$108,539,863
CEO/Manager:Kathleen All
Chairperson:Hunter Fridley

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,899,614
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,977,617
 Unsecured Loans 3,151,033
 Other Loans 44,769,207
 TOTAL LOANS 50,897,858
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -636,088
 Land And Building 821,590
 Other Fixed Assets 39,818
 NCUSIF Deposit 961,539
 All Other Assets 83,900
  TOTAL ASSETS 108,539,863
LIABILITIES & CAPITAL:  
 Dividends Payable 2,513
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,150,914
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,985,191
 Regular shares 50,188,459
 All Other Shares & Deposits 21,582,942
  TOTAL SHARES & DEPOSITS 94,756,592
  TOTAL LIABILITIES 95,910,019
 Regular Reserve 0
 Other Reserves 11,378,197
 Undivided Earnings 1,251,647
  TOTAL EQUITY 12,629,844
  TOTAL LIABILITIES, SHARES, & EQUITY 108,539,863
INCOME & EXPENSE  
 Loan Income 3,108,798
 Investment Income 1,449,170
 Other Income 1,000,343
 Total Employee Compensation & Benefits 1,054,472
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,068,424
 Non-operating Income & (Expense) 174,697
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 176,601
 Cost of Funds 390,564
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,042,947
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