Jackson Area Federal Credit Union
LOCATIONS
2
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.10% APY
36 Month Share Certificate
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.60% | 1-year CD | 12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.30% | Savings | Regular Shares |
| 1.00% | 3-year CD | 30 Month Share Certificate 1.85% - Synchrony Bank 36 Month CD |
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 1,953rd largest credit union in the nation. It was established in 1953 and as of March of 2017, it had grown to 25 employees and 11,635 members at 2 locations. Jackson Area Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Hinds County, MS. Also open to employees of several Select Employee Groups.
See current membership details
Health
B+
Data as of Q1 2017
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 | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 4.22% |
| Annual Interest Income | $615.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $72.5MM$70.5MM |
| Loans | Q1 2017vs Q1 2016 | $30.2MM$22.4MM |
| Deposits | Q1 2017vs Q1 2016 | $63.7MM$62.0MM |
| Equity Capital | Q1 2017vs Q1 2016 | $8.5MM$8.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $335.00K$177.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $345.00K$183.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $26.00K$0 |
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Jackson Area Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $100 | - | IRA Shares | |
| 0.50% | $100 | - | Roth IRA Shares | |
| 0.30% | $100 | - | Regular Shares | |
| 0.30% | $100 | - | Club Shares |
Jackson Area Federal Credit Union CD Rates
Jackson Area Federal Credit Union IRA Rates
Locations
| Jackson Area Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 7375 S Siwell Rd | Byram, MS 39272-8741 |
| Branch Office | 5675 Highway 18 W | Jackson, MS 39209-9622 |