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 1,801st largest credit union in the nation. It was established in 1953 and as of June of 2021, it had grown to 28 employees and 14,025 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 Q2 2021
Learn why bank health mattersAdditional 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 Chartered | 1953 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 5.67% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $99.9MM$89.7MM |
| Loans | Q2 2021vs Q2 2020 | $36.0MM$34.1MM |
| Deposits | Q2 2021vs Q2 2020 | $88.9MM$79.4MM |
| Equity Capital | Q2 2021vs Q2 2020 | $10.4MM$9.9MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $665.00K$691.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $175.00K$425.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $34.00K$34.00K |