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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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