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 1,817th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 24 employees and 13,882 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
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.71%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$89.7MM$75.6MM
LoansQ2 2020vs Q2 2019$34.1MM$33.8MM
DepositsQ2 2020vs Q2 2019$79.4MM$65.7MM
Equity CapitalQ2 2020vs Q2 2019$9.9MM$9.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$691.00K$516.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$425.00K$754.00K
Real Estate OwnedQ2 2020vs Q2 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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