Jackson Area Federal Credit Union
Overview / Commentary
Jackson Area Federal Credit Union is headquartered in Jackson and is the 14th largest credit union in the state of Mississippi. It is also the 1,725th largest credit union in the nation. It was established in 1953 and as of September of 2022, it had grown to 28 employees and 14,147 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
Health
A
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8445 |
| Year Chartered | 1953 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 4.95% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $112.7MM$104.6MM |
| Loans | Q3 2022vs Q3 2021 | $40.7MM$37.4MM |
| Deposits | Q3 2022vs Q3 2021 | $95.9MM$91.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $11.2MM$10.7MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $565.00K$639.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $180.00K$61.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$34.00K |