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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 648th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 98 employees and 31,379 members. Jax Federal Credit Union has a A health rating.

Field of Membership Restrictions

You can join Jax Federal Credit Union if you live, learn, work, or worship in the following Northeast Florida counties - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Jax Federal Credit Union had $2.52 million in non-current loans and owned real-estate with $34.5 million in equity and loan loss allowances on hand to cover it. This gives Jax Federal Credit Union a Texas Ratio of 7.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Jax Federal Credit Union decreased slightly from 8.23% as of March 31, 2013 to 7.32% as of March 31, 2014, resulting in a positive change of 11.11%.This indicates that the balance sheet and financial strength for Jax Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Jax Federal Credit Union has increased its total deposits by $6.61 million, resulting in 2.32% 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 $331.04 million in assets with $34.5 million in equity, resulting in a capitalization level of 10.42%, which is above average.

Institution Statistics

Overall
NCUA #340
Year Chartered1935
Employees98
Primary Regulator
Assets and Liabilities
Assets$331.04 million
Loans$194.87 million
Deposits$291.16 million
Equity Capital$30.88 million
Loan Loss Allowance$3.62 million
Unbacked Noncurrent Loans$1.66 million
Real Estate Owned$860,000
Historic Data - March 2013
Assets$325.61 million
Equity Capital$30.07 million
Loan Loss Allowance$4.40 million
Unbacked Noncurrent Loans$1.66 million
Real Estate Owned$184,000
Profit Margin - Quarterly
Return on Assets0.23%
Return on Equity2.51%
Interest Income$2.61 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%$100-Holiday Club
0.15%$100-You-Name-It Savings
0.15%$100-Business Savings
0.15%--Coindexter Kids Club

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 - Qualifying
0.05%--Extreme Checking - Non Qualifying
0.05%$2,500-Interest Checking
0.05%$100-Business Interest Checking

Jax Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$50k-60 Month Certificate
1.25%$7,500$10k36 Month Personal Goal Savings Certificate
1.25%$7,500$10k60 Month Personal Goal Savings Certificate
1.05%$100k-48 Month Certificate
0.90%$50k-36 Month Certificate
0.70%$100k-24 Month Certificate
0.50%$100k-12 Month Certificate
0.50%$50k-18 Month Certificate
0.35%$50k-6 Month Certificate

Jax Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$50k-60 Month IRA Certificate
1.05%$100k-48 Month IRA Certificate
0.90%$50k-36 Month IRA Certificate
0.70%$100k-24 Month IRA Certificate
0.50%$100k-12 Month IRA Certificate
0.50%$50k-18 Month IRA Certificate
0.35%$50k-6 Month IRA Certificate
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