Jax Federal Credit Union

562 Park Street
Jacksonville, FL 32204
904-475-8000
www.jaxfcu.org

NCUA

OverView
Rates
Health
Reviews

Jax Federal Credit Union is headquartered in Jacksonville and is the 34^th largest credit union in the state of Florida. It is also the 640^th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 90 employees and 30,966 members. Jax Federal Credit Union has a 4-star health rating.

5.50% 7-Month / 5.50% 13-Month CD at a Florida CU (Jax Federal) - 6/6/2007

Jax Federal Credit Union is having a certificate special with a yield of 5.50% APY for terms of 7 and 13 months. The minimum deposit is $5,000, and a maximum deposit of $100,000.Field of membership includes those who live, work, worship or learn in...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Jax Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.40%	-	$5k	Extreme Checking
0.05%	$2,500	-	Interest Checking
0.05%	$100	-	Business Interest Checking

Jax Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	IRA Savings
0.25%	-	-	Roth IRA Savings
0.25%	-	-	CESA Savings
0.15%	$100	-	Regular Savings
0.15%	-	-	Freedom Eagle
0.15%	$100	-	Holiday Club
0.15%	$100	-	You-Name-It Savings
0.15%	$100	-	Business Savings

Jax Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.40%	$100k	-	Business Money Market Account
0.35%	$100k	-	Market Account

Jax Federal Credit Union CD Rates

Apy	Min	Max	Product
1.25%	$50k	-	60 Month Eagle Ultimate Certificate
1.25%	$7,500	$10k	3 Year Personal Goal Savings Certificate
1.25%	$7,500	$10k	5 Year Personal Goal Savings Certificate
1.15%	$25k	$50k	60 Month Eagle Advantage Certificate
1.10%	$10k	$25k	60 Month Eagle Essential Certificate
0.99%	$500	$10k	60 Month Eagle Basic Certificate
0.95%	$50k	-	48 Month Eagle Ultimate Certificate
0.85%	$50k	-	36 Month Eagle Ultimate Certificate
0.85%	$25k	$50k	48 Month Eagle Advantage Certificate
0.80%	$10k	$25k	48 Month Eagle Essential Certificate
0.75%	$25k	$50k	36 Month Eagle Advantage Certificate
0.70%	$10k	$25k	36 Month Eagle Essential Certificate
0.70%	$500	$10k	48 Month Eagle Basic Certificate
0.60%	$50k	-	24 Month Eagle Ultimate Certificate
0.60%	$500	$10k	36 Month Eagle Basic Certificate
0.50%	$25k	$50k	24 Month Eagle Advantage Certificate
0.45%	$10k	$25k	24 Month Eagle Essential Certificate
0.40%	$50k	-	18 Month Eagle Ultimate Certificate
0.35%	$50k	-	12 Month Eagle Ultimate Certificate
0.35%	$500	$10k	24 Month Eagle Basic Certificate
0.30%	$50k	-	6 Month Eagle Ultimate Certificate
0.30%	$25k	$50k	18 Month Eagle Advantage Certificate
0.25%	$25k	$50k	12 Month Eagle Advantage Certificate
0.25%	$10k	$25k	18 Month Eagle Essential Certificate
0.20%	$25k	$50k	6 Month Eagle Advantage Certificate
0.20%	$10k	$25k	12 Month Eagle Essential Certificate
0.15%	$10k	$25k	6 Month Eagle Essential Certificate
0.15%	$500	$10k	18 Month Eagle Basic Certificate
0.10%	$500	$10k	12 Month Eagle Basic Certificate
0.05%	$500	$10k	6 Month Eagle Basic Certificate

Jax Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.25%	$50k	-	60 Month Eagle Ultimate IRA Certificate
1.25%	$50k	-	60 Month Eagle Ultimate Roth IRA Certificate
1.25%	$50k	-	60 Month Eagle Ultimate CESA Certificate
1.15%	$25k	$50k	60 Month Eagle Advantage IRA Certificate
1.15%	$25k	$50k	60 Month Eagle Advantage Roth IRA Certificate
1.15%	$25k	$50k	60 Month Eagle Advantage CESA Certificate
1.10%	$10k	$25k	60 Month Eagle Essential IRA Certificate
1.10%	$10k	$25k	60 Month Eagle Essential Roth IRA Certificate
1.10%	$10k	$25k	60 Month Eagle Essential CESA Certificate
0.99%	$500	$10k	60 Month Eagle Basic IRA Certificate
0.99%	$500	$10k	60 Month Eagle Basic Roth IRA Certificate
0.99%	$500	$10k	60 Month Eagle Basic CESA Certificate
0.95%	$50k	-	48 Month Eagle Ultimate IRA Certificate
0.95%	$50k	-	48 Month Eagle Ultimate Roth IRA Certificate
0.95%	$50k	-	48 Month Eagle Ultimate CESA Certificate
0.85%	$50k	-	36 Month Eagle Ultimate IRA Certificate
0.85%	$25k	$50k	48 Month Eagle Advantage IRA Certificate
0.85%	$50k	-	36 Month Eagle Ultimate Roth IRA Certificate
0.85%	$25k	$50k	48 Month Eagle Advantage Roth IRA Certificate
0.85%	$50k	-	36 Month Eagle Ultimate CESA Certificate
0.85%	$25k	$50k	48 Month Eagle Advantage CESA Certificate
0.80%	$10k	$25k	48 Month Eagle Essential IRA Certificate
0.80%	$10k	$25k	48 Month Eagle Essential Roth IRA Certificate
0.80%	$10k	$25k	48 Month Eagle Essential CESA Certificate
0.75%	$25k	$50k	36 Month Eagle Advantage IRA Certificate
0.75%	$25k	$50k	36 Month Eagle Advantage Roth IRA Certificate
0.75%	$25k	$50k	36 Month Eagle Advantage CESA Certificate
0.70%	$10k	$25k	36 Month Eagle Essential IRA Certificate
0.70%	$500	$10k	48 Month Eagle Basic IRA Certificate
0.70%	$10k	$25k	36 Month Eagle Essential Roth IRA Certificate
0.70%	$500	$10k	48 Month Eagle Basic Roth IRA Certificate
0.70%	$10k	$25k	36 Month Eagle Essential CESA Certificate
0.70%	$500	$10k	48 Month Eagle Basic CESA Certificate
0.60%	$50k	-	24 Month Eagle Ultimate IRA Certificate
0.60%	$500	$10k	36 Month Eagle Basic IRA Certificate
0.60%	$50k	-	24 Month Eagle Ultimate Roth IRA Certificate
0.60%	$500	$10k	36 Month Eagle Basic Roth IRA Certificate
0.60%	$50k	-	24 Month Eagle Ultimate CESA Certificate
0.60%	$500	$10k	36 Month Eagle Basic CESA Certificate
0.50%	$25k	$50k	24 Month Eagle Advantage IRA Certificate
0.50%	$25k	$50k	24 Month Eagle Advantage Roth IRA Certificate
0.50%	$25k	$50k	24 Month Eagle Advantage CESA Certificate
0.45%	$10k	$25k	24 Month Eagle Essential IRA Certificate
0.45%	$10k	$25k	24 Month Eagle Essential Roth IRA Certificate
0.45%	$10k	$25k	24 Month Eagle Essential CESA Certificate
0.40%	$50k	-	18 Month Eagle Ultimate IRA Certificate
0.40%	$50k	-	18 Month Eagle Ultimate Roth IRA Certificate
0.40%	$50k	-	18 Month Eagle Ultimate CESA Certificate
0.35%	$50k	-	12 Month Eagle Ultimate IRA Certificate
0.35%	$500	$10k	24 Month Eagle Basic IRA Certificate
0.35%	$50k	-	12 Month Eagle Ultimate Roth IRA Certificate
0.35%	$500	$10k	24 Month Eagle Basic Roth IRA Certificate
0.35%	$50k	-	12 Month Eagle Ultimate CESA Certificate
0.35%	$500	$10k	24 Month Eagle Basic CESA Certificate
0.30%	$50k	-	6 Month Eagle Ultimate IRA Certificate
0.30%	$25k	$50k	18 Month Eagle Advantage IRA Certificate
0.30%	$50k	-	6 Month Eagle Ultimate Roth IRA Certificate
0.30%	$25k	$50k	18 Month Eagle Advantage Roth IRA Certificate
0.30%	$50k	-	6 Month Eagle Ultimate CESA Certificate
0.30%	$25k	$50k	18 Month Eagle Advantage CESA Certificate
0.25%	$25k	$50k	12 Month Eagle Advantage IRA Certificate
0.25%	$10k	$25k	18 Month Eagle Essential IRA Certificate
0.25%	$25k	$50k	12 Month Eagle Advantage Roth IRA Certificate
0.25%	$10k	$25k	18 Month Eagle Essential Roth IRA Certificate
0.25%	$25k	$50k	12 Month Eagle Advantage CESA Certificate
0.25%	$10k	$25k	18 Month Eagle Essential CESA Certificate
0.20%	$25k	$50k	6 Month Eagle Advantage IRA Certificate
0.20%	$10k	$25k	12 Month Eagle Essential IRA Certificate
0.20%	$25k	$50k	6 Month Eagle Advantage Roth IRA Certificate
0.20%	$10k	$25k	12 Month Eagle Essential Roth IRA Certificate
0.20%	$25k	$50k	6 Month Eagle Advantage CESA Certificate
0.20%	$10k	$25k	12 Month Eagle Essential CESA Certificate
0.15%	$10k	$25k	6 Month Eagle Essential IRA Certificate
0.15%	$500	$10k	18 Month Eagle Basic IRA Certificate
0.15%	$10k	$25k	6 Month Eagle Essential Roth IRA Certificate
0.15%	$500	$10k	18 Month Eagle Basic Roth IRA Certificate
0.15%	$10k	$25k	6 Month Eagle Essential CESA Certificate
0.15%	$500	$10k	18 Month Eagle Basic CESA Certificate
0.10%	$500	$10k	12 Month Eagle Basic IRA Certificate
0.10%	$500	$10k	12 Month Eagle Basic Roth IRA Certificate
0.10%	$500	$10k	12 Month Eagle Basic CESA Certificate
0.05%	$500	$10k	6 Month Eagle Basic IRA Certificate
0.05%	$500	$10k	6 Month Eagle Basic Roth IRA Certificate
0.05%	$500	$10k	6 Month Eagle Basic CESA Certificate

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

JAX
NCUA #	340
BankRate Report	View
Year Chartered	1935
Employees	90
Primary Regulator
Assets and Liabilities
Assets	$311.74 million
Loans	$175.87 million
Deposits	$272.92 million
Equity Capital	$29.79 million
Loan Loss Allowance	$4.37 million
Unbacked Noncurrent Loans	$2.65 million
Real Estate Owned	$228,000
Historic Data - December 2011
Assets	$302.72 million
Equity Capital	$29.27 million
Loan Loss Allowance	$5.05 million
Unbacked Noncurrent Loans	$6.00 million
Real Estate Owned	$256,000
Profit Margin - Quarterly
Net Interest Margin	5.28%
Return on Assets	0.2%
Return on Equity	2.07%
Interest Income	$10.86 million
Non-Interest Income	$4.71 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Jax Federal Credit Union had $2.87 million in non-current loans and owned real-estate with $34.16 million in equity and loan loss allowances on hand to cover it. This gives Jax Federal Credit Union a Texas Ratio of 8.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Jax Federal Credit Union decreased significantly from 18.21% as of December 31, 2011 to 8.41% as of December 31, 2012, resulting in a positive change of 53.81%.This indicates that the balance sheet and financial strength for Jax Federal Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Jax Federal Credit Union has increased its total deposits by $5.56 million, resulting in 2.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Jax Federal Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Jax Federal Credit Union has $311.74 million in assets with $34.16 million in equity, resulting in a capitalization level of 10.96%, which is above average.