JACO Employees’ Federal Credit Union began in 1961 when several employees of T. L. James & Company, Inc., in Ruston, Louisiana, saw a need for their fellow employees. They knew their employees would benefit by providing them with low cost loans and interest earned savings. This small group of men, together with T. L. James management, started a credit union and named it JACO Employees’ Federal Credit Union.
In January, 2000 the name of JACO Employees’ Federal Credit Union was changed to JACO Federal Credit Union. The Board of Directors elected to expand its membership and opened its charter to employees of other companies. Years later, JACO expanded their field of membership again. The Board of Directors offered membership to member’s immediate families (spouses, children, mothers, fathers, brothers, sisters, their children, married children and their families).
JACO Federal Credit Union was created to help employees who worked hard, wanted to save money, or needed to borrow money for everyday living. This is still JACO’s motto today. We are here to serve all our member’s needs for now and for the future.
When you walk in the door, you will be greeted with a friendly staff member who will be ready to assist you. You may visit our office or contact us by phone.
Full Service Locations
Our office is located at 102 W. Alabama, Ruston, LA 71270
Our phone number is 318-255-9101
Services We Offer
- Share Accounts
- IRA Accounts
- Mortgage Loans
- Auto Loans
- RV and Boat Loans
- Mobile Home Loans
- Share Loans
- Signature Loans
- Direct Deposit
Other services will be available in near future.
If you are a current or potential member, please call or come by our office to begin receiving all the services we have to offer you.
Board of Directors
Thomas Folk President
Walter Abbott Vice President
Debbie Brister Manager/Treasurer
Debbie Morris Secretary
F. J. Armond Board Member
Randy Moss Board Member
Colleen Simmermaker Board Member
Carlene Heard Board Member
Michael Folk Board Member
Paula Rose Board Member
Debbie Brister Manager
Sandra Albritton Assistant Manager
Robin Hart Senior Member Services Clerk
Dawn Warren Member Services Clerk
What Is a Credit Union
A Credit Union is a nonprofit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors who are elected from the membership itself. The members have a common bond such as employment and/or family.
Credit Unions differ from a traditional financial institution in that the members who have accounts in the Credit Union are the Credit Union owners. Credit Unions strive to provide superior member services, provide a source of credit for its members and help its members save some of their earnings safely.
Jaco Federal Credit Union is chartered under federal law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA administers the federal insurance fund (NCUSIF) which covers all federal credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.
The Board of Directors, elected by the members at the annual meeting, are responsible to the members for the operation of the Credit Union. The Board determines the operating policies; sets rates of interest on loans; declare dividends; appoints the Supervisory Committee, and employs and supervises the personnel who keep the records and manage the credit union office.
Credit Unions are not for profit – not for charity – but for service. A Credit Union will work for their memberships best interest.
Credit unions are restricted by federal law to serve only a defined and approved field of membership. You must be within Jaco’s field of membership or be a qualified relative of a member in order to open an account. Once you become a member of Jaco, you never have to terminate your membership.
ONCE A MEMBER, ALWAYS A MEMBER
You are eligible to open an account with Jaco if:
- You are employed by a company accepted for Jaco membership. Please check out our company list.
- You are a qualifying relative of a Jaco member. A qualifying relative is a spouse, child, parent, stepchild, stepparent, grandchild, grandparent, brother, sister and their families.
If you are uncertain about your eligibility or have questions, call us at 318-255-9101.
Company Member List
|Angelo Iafrate Construction, LLC|
|Bryan Insurance Agency|
|Business Technology Group, LLC|
|CTS Enterprises, Inc.|
|D & H Wholesale Medical, Inc.|
|Davison Transportation Services, LLC|
|Davison Transport – Natchez|
|DC & Associates|
|Eagle Vault / Smith Monument Works|
|Home & Business Heating A/C & Electrical|
|Hunt, Guillot & Associates, LLC|
|Industrial Installation Group (Johns Manville)|
|J & H trucking|
|James Construction Group, LLC|
|James Industrial Constructors, LLC|
|Lark Aire Freshener|
|Lewis & Company|
|McGaugh & Company|
|MECRON Contractors, LLC|
|Methodist Children’s Home|
|Michelli & Company|
|Mid States Wood Preservers|
|Mike Coyle, Attorney|
|Patton’s Service Company, Inc.|
|PFM Manufacturers, LLC|
|Rebel Transport, Inc.|
|RGS Erosion, Inc.|
|Robert G. Dawkins, Attorney-at-Law, LLC|
|SMECO Grooving & Grinding|
|Smith Chiropractic Center, LLC|
|T.L. James & Company, Inc.|
|Taylor Made Enterprizes|
|The Mabry Company|
|TM Branch Trucking|
|Walpole Tire Service|
|William S. Carter, A Professional Corporation|
|WPI South, LLC|
|WPS Industries, Inc.|