Jackson Area Federal Credit Union
Overview / Commentary
Jackson Area Federal Credit Union is headquartered in Jackson and is the 11th largest credit union in the state of Mississippi. It is also the 1,539th largest credit union in the nation. It was established in 1953 and as of September of 2024, it had grown to 29 employees and 15,007 members at 3 locations. Jackson Area Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Jackson Area Federal Credit Union is open to anyone who lives, works, worships, or attends school in Hinds County, Mississippi. Employees of the YMCA of Jackson, Mississippi Valley State University, Jackson Zoo, Hinds County Board of Supervisors, American Medical Response or any of more than 70 SEGs also qualify for membership.
See current membership details
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8445 |
| Year Chartered | 1953 |
| Employees | 29 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 5.94% |
| Annual Interest Income | $3.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $139.5MM$125.6MM |
| Loans | Q3 2024vs Q3 2023 | $46.1MM$45.2MM |
| Deposits | Q3 2024vs Q3 2023 | $125.9MM$112.9MM |
| Equity Capital | Q3 2024vs Q3 2023 | $13.3MM$12.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $330K$261K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $480K$375K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $34K$34K |