Jackson River Community Credit Union
347 North Court Ave
Covington, VA 24426
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2023 Overview
General Credit Union Information
Jackson River Community is an NCUA insured institution located in Covington, VA. It was founded in 1953 and has approximately $107.26 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66967 |
| Date Established | 1953 |
| Assets | $107.26 million |
| Loans | $43.58 million |
| Deposits | $96.45 million |
| Capital | $13.18 million |
Field of Membership Restrictions
Deposit Rates - June 3, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $25 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $500 | - |
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|
| 12 Mo CD
|
0.55% | $500 | - |
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|
| 18 Mo CD
|
0.85% | $500 | - |
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|
| 24 Mo CD
|
1.05% | $500 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.75% | $1 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $300 | - | Learn More |
Loan Rates - June 3, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Jackson River Community
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: Not a Lender |
Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
Note to Jackson River Community
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Branches
Below are Jackson River Community branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
JACKSON RIVER COMMUNITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Jackson River Community Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Jackson River Community. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Jackson River Community | U.S. Average |
|---|---|
| 6.65% | 5.90 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2022, Jackson River Community had $882,502 in non-current loans and $13,262 in owned assets. To cover these potential losses it had $13,180,549 in net worth and $295,096 in loans loss reserves. That gives it a Texas Ratio of 6.65%.
Net Worth
| Jackson River Community | U.S. Average |
|---|---|
| 12.29% | 12.75% |
Jackson River Community FCU has a net worth of 12.29% versus the BestCashCow average of 12.75. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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