Overview / Commentary
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 1,822nd largest credit union in the nation. It was established in 1953 and as of September of 2020, it had grown to 25 employees and 14,032 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 2020
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 | 0.4% |
| Return on Equity - YTD | 3.61% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $90.4MM$77.5MM |
| Loans | Q3 2020vs Q3 2019 | $35.1MM$34.9MM |
| Deposits | Q3 2020vs Q3 2019 | $79.9MM$64.3MM |
| Equity Capital | Q3 2020vs Q3 2019 | $10.0MM$9.6MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $711.00K$558.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $335.00K$593.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $34.00K$33.00K |