Jackson Area Federal Credit Union


Overview / Commentary
601-922-7055
5675 Highway 18 W
Jackson, MS 39204

Jackson Area Federal Credit Union is headquartered in Jackson and is the 15th largest credit union in the state of Mississippi. It is also the 1,822nd largest credit union in the nation. It was established in 1953 and as of September of 2020, it had grown to 25 employees and 14,032 members at 2 locations. Jackson Area Federal Credit Union has an A health rating.

Field of Membership Restrictions

Jackson Area Federal Credit Union is open to anyone who lives, works, worships, or goes to school in Hinds County, and to employees of the YMCA of Jackson, Mississippi Valley State University, Jackson Zoo, Hinds County Board of Supervisors, American Medical Response or any one of the over 70 SEGs.
See current membership details

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Jackson Area Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #8445
Year Chartered1953
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD3.61%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$90.4MM$77.5MM
LoansQ3 2020vs Q3 2019$35.1MM$34.9MM
DepositsQ3 2020vs Q3 2019$79.9MM$64.3MM
Equity CapitalQ3 2020vs Q3 2019$10.0MM$9.6MM
Loan Loss AllowanceQ3 2020vs Q3 2019$711.00K$558.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$335.00K$593.00K
Real Estate OwnedQ3 2020vs Q3 2019$34.00K$33.00K
Rates
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Jackson Area Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$25-IRA Shares
0.15%$100-Regular Shares
0.15%$25-Club Shares

Jackson Area Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-36 Month Share Certificate
0.75%$1k-30 Month Share Certificate
0.65%$1k-24 Month Share Certificate
0.55%$1k-18 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.20%$1k-6 Month Share Certificate

Jackson Area Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-36 Month IRA Certificate
0.75%$1k-30 Month IRA Certificate
0.65%$1k-24 Month IRA Certificate
0.55%$1k-18 Month IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.20%$1k-6 Month IRA Certificate
Locations


Jackson Area Federal Credit Union Locations
Branch Office7375 S Siwell RdByram, MS 39272-8741
Branch Office5675 Highway 18 WJackson, MS 39209

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