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Jackson Area Credit Union

Overview
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Jackson Area Credit Union is a federal credit union based in Jackson, Mississippi. It has been opened since 1953, for 67 years.

With around $72,980,000 in assets, Jackson Area Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address Po Box 1403
Jackson, Mississippi 39215
Website http://www.jacksonareafcu.com
Phone (601) 922-7055
Fax (601) 922-3057
CEO Gary N. Fairley
President of the Board John Anderson
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
11,784 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
421:1
Credit union member to staff ratio
421 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$72,984,017
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 2 in Mississippi
Above average number of branches
0.60%
Savings interest rate
Compared to 0.3% nationally
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 2 in Mississippi
Above average number of branches
Jackson Area Credit Union Branch Locations

Jackson Area Credit Union: Jafcu-Byram
7375 S. Siwell Road
Byram, Mississippi 39272
ATM Available
Jackson Area Credit Union: Jafcu
5675 Highway 18 W.
Jackson, Mississippi 39209
ATM Available
Members
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11,784 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 11,784 members, the Jackson Area Credit Union is considered to be a large credit union. It is larger than 74% of credit unions.

Fees
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$143
Average fee per member
The average fee per member at the Jackson Area Credit Union is $143, which is very high compared to most credit unions. This rate is higher than 95% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Jackson Area Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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421:1
Credit union member to staff ratio
421 per each FTE employee
Compared to 411:1 nationally
Fewer staff
28 staff members
FTE (full-time equivalent)
0% of employees are part-time
28 full-time, 0 part-time

Jackson Area Credit Union has 28 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Jackson Area Credit Union has around 421 members per staff, a higher ratio compared to other credit unions.

Assets
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$72,984,017
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,430
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 88% of credit unions.

Jackson Area Credit Union holds a total of $33,850,000 in loans and leases, which is about $5,430 per member on average.

Savings interest rate
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0.60%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Jackson Area Credit Union pays 0.60%.

Loan rates
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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7.00%
New car loan rate
Compared to 4.0% nationally
13.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally