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904-475-8000
P.O. Box 2357
Jacksonville, FL 32232

Jax Federal Credit Union is headquartered in JACKSONVILLE and is the 34th largest credit union in the state of Florida. It is also the 653rd largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 97 employees and 31,123 members. Jax Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Eligible if live, work or worship in Florida with some exceptions. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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, 2013 Jax Federal Credit Union had $3.23 million in non-current loans and owned real-estate with $34.54 million in equity and loan loss allowances on hand to cover it. This gives Jax Federal Credit Union a Texas Ratio of 9.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Jax Federal Credit Union experienced no significant changes from 8.41% as of December 31, 2012 to 9.35% as of December 31, 2013, resulting in a negative change of 11.18%. This indicates that the balance sheet and financial strength for Jax Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Jax Federal Credit Union has increased its total deposits by $5.03 million, resulting in 1.84% 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

GRADE:
B+

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 $317.07 million in assets with $34.54 million in equity, resulting in a capitalization level of 10.89%, which is above average.

Institution Statistics

Overall
NCUA #340
Year Chartered1935
Employees97
Primary Regulator
Assets and Liabilities
Assets$317.07 million
Loans$192.00 million
Deposits$277.95 million
Equity Capital$30.79 million
Loan Loss Allowance$3.74 million
Unbacked Noncurrent Loans$2.74 million
Real Estate Owned$490,000
Historic Data - December 2012
Assets$311.74 million
Equity Capital$29.79 million
Loan Loss Allowance$4.37 million
Unbacked Noncurrent Loans$2.74 million
Real Estate Owned$228,000
Profit Margin - Quarterly
Net Interest Margin4.81%
Return on Assets0.4%
Return on Equity4.15%
Interest Income$10.62 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Jax Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Jax Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.40%$100k-Business Money Market Account
0.35%$100k-Market Account

Jax Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%-$5kExtreme Checking
0.05%--Extreme Checking
0.05%$2,500-Interest Checking
0.05%$100-Business Interest Checking

Jax Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$50k-60 Month Eagle Ultimate Certificate
1.25%$7,500$10k3 Year Personal Goal Savings Certificate
1.25%$7,500$10k5 Year Personal Goal Savings Certificate
1.15%$25k$50k60 Month Eagle Advantage Certificate
1.10%$10k$25k60 Month Eagle Essential Certificate
0.99%$500$10k60 Month Eagle Basic Certificate
0.95%$50k-48 Month Eagle Ultimate Certificate
0.85%$50k-36 Month Eagle Ultimate Certificate
0.85%$25k$50k48 Month Eagle Advantage Certificate
0.80%$10k$25k48 Month Eagle Essential Certificate
0.75%$25k$50k36 Month Eagle Advantage Certificate
0.70%$10k$25k36 Month Eagle Essential Certificate
0.70%$500$10k48 Month Eagle Basic Certificate
0.60%$50k-24 Month Eagle Ultimate Certificate
0.60%$500$10k36 Month Eagle Basic Certificate
0.50%$25k$50k24 Month Eagle Advantage Certificate
0.45%$10k$25k24 Month Eagle Essential Certificate
0.40%$50k-18 Month Eagle Ultimate Certificate
0.35%$50k-12 Month Eagle Ultimate Certificate
0.35%$500$10k24 Month Eagle Basic Certificate
0.30%$50k-6 Month Eagle Ultimate Certificate
0.30%$25k$50k18 Month Eagle Advantage Certificate
0.25%$25k$50k12 Month Eagle Advantage Certificate
0.25%$10k$25k18 Month Eagle Essential Certificate
0.20%$25k$50k6 Month Eagle Advantage Certificate
0.20%$10k$25k12 Month Eagle Essential Certificate
0.15%$10k$25k6 Month Eagle Essential Certificate
0.15%$500$10k18 Month Eagle Basic Certificate
0.10%$500$10k12 Month Eagle Basic Certificate
0.05%$500$10k6 Month Eagle Basic Certificate

Jax Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$50k-60 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
1.15%$25k$50k60 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
1.10%$10k$25k60 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.99%$500$10k60 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.95%$50k-48 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.85%$50k-36 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.85%$25k$50k48 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.80%$10k$25k48 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.75%$25k$50k36 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.70%$10k$25k36 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.70%$500$10k48 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.60%$50k-24 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.60%$500$10k36 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.50%$25k$50k24 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.45%$10k$25k24 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.40%$50k-18 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.35%$50k-12 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.35%$500$10k24 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.30%$50k-6 Month Eagle Ultimate IRA Certificate (Traditional,Roth,CESA)
0.30%$25k$50k18 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.25%$25k$50k12 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.25%$10k$25k18 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.20%$25k$50k6 Month Eagle Advantage IRA Certificate (Traditional,Roth,CESA)
0.20%$10k$25k12 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.15%$10k$25k6 Month Eagle Essential IRA Certificate (Traditional,Roth,CESA)
0.15%$500$10k18 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.10%$500$10k12 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
0.05%$500$10k6 Month Eagle Basic IRA Certificate (Traditional,Roth,CESA)
Locations


Jax Federal Credit Union Locations
Branch Office7254 103rd StJacksonville, FL 32210-6707
Branch Office1440 Dunn Ave St 31Jacksonville, FL 32218-6347
Branch Office562 Park StJacksonville, FL 32204-2918
Branch Office801 Atlantic BlvdAtlantic Beach, FL 32233
Branch Office11406 San Jose Blvd Ste 2Jacksonville, FL 32223-7953
Branch Office37075 Aviation LnHilliard, FL 32046-6484
Branch Office400 W Bay StJacksonville, FL 32202-4410
Branch Office4100 Belfort Rd Suite 1Jacksonville, FL 32216-1404
Branch Office950 Blanding Blvd St 17Orange Park, FL 32065-5910