Question 1

What is FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU)?

Accepted Answer

FL Jefferson County Teachers Credit Union is a state-chartered credit union serving educators and public employees in rural North Florida. With approximately $15.3 million in total assets and over 1,280 members, this community-focused credit union provides financial services to teachers, school employees, and state workers in Jefferson County. The credit union holds a low-income designation, reflecting its commitment to serving an economically challenged rural community.

Question 2

When was FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) headquartered?

Accepted Answer

FL Jefferson County Teachers Credit Union is headquartered at 1500 West Washington Street, Monticello, Florida.

Question 4

Where does FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) operate?

Accepted Answer

The credit union operates in Jefferson County, Florida, with its primary service area centered in Monticello, the county seat. The institution serves a rural community in North Florida's Big Bend region.

Membership eligibility includes employees of the Jefferson County School District, Somerset Academy Charter School K-12 in Jefferson County, and State of Florida employees who currently work, live, or are retired in Jefferson County. The credit union expanded its field of membership in 2017 to include additional employee groups, with some membership categories limited to 250 new members per calendar year. Family members of current members are also eligible to join.

Question 5

What services does FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) offer?

Accepted Answer

FL Jefferson County Teachers FCU provides comprehensive financial services including share savings accounts, checking accounts, and various loan products to meet member needs. With over $10.6 million in outstanding loans and a loan-to-share ratio of 81.7%, the credit union actively serves members' borrowing needs for auto loans, personal loans, and other consumer lending.

Members can access online banking services through jctcuonline.org for convenient account management, bill payment, and fund transfers. The credit union maintains total deposits of approximately $13.1 million, offering competitive rates on savings products. As a community-focused institution serving primarily educators and public employees, the credit union understands the unique financial needs of its membership base.

Question 6

What makes FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) unique?

Accepted Answer

FL Jefferson County Teachers FCU distinguishes itself through its dedicated service to educators and public employees in a rural, economically disadvantaged area. The credit union's low-income designation reflects its mission to serve a community with limited access to financial services. Despite serving a challenging market, the credit union maintains a healthy return on assets of approximately 1% and has grown deposits by 3.3% over the past year.

The credit union demonstrates particular strength in lending, with nearly 70% of assets deployed in member loans. This high lending activity shows the credit union's commitment to meeting member needs for affordable credit. With a net worth ratio of 14.48%, the credit union maintains adequate capital while focusing resources on member services.

The institution's focus on teachers and state employees creates a membership base with stable employment and common financial goals, allowing the credit union to tailor services specifically to the education and public sector workforce.

Question 7

What type of financial institution is FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU)?

Accepted Answer

FL Jefferson County Teachers Credit Union is a State Credit Union chartered under Florida state regulations and supervised by the Florida Office of Financial Regulation. The credit union maintains federal deposit insurance through the NCUA, protecting member deposits up to $250,000.

As a not-for-profit, member-owned cooperative, the credit union operates on the principle of members helping members. The field of membership is based on occupational and geographic common bonds, primarily serving employees of educational institutions and state government workers in Jefferson County, Florida. Members elect a volunteer board of directors who establish policies and ensure the credit union operates in the best interests of its member-owners, returning profits through competitive rates and improved services rather than distributing them to external shareholders.

FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU)

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About FL Jefferson County Teachers Credit Union (FL Jefferson County Teachers FCU) in the United States