Dec, 31, 2023 — CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in INDEPENDENCE, OH with 10 branch locations and about $434.47 million in total assets. Opened 76 years ago in 1948, CENTURY FEDERAL CREDIT UNION has about 32,725 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4600 Rockside Rd INDEPENDENCE, OH 44131-2167 |
| Phone: | (216) 535-3200 |
| Fax: | |
| Website: | https://cenfedcu.org |
| Branches: | 10 branch locations |
| Members: | 32,725 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5852 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $434,466,739 |
| CEO/Manager: | Dave Wilde |
| Chairperson: | Peter Bonacuse |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,239,409 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 207,761,057 |
| Unsecured Loans | 24,883,066 |
| Other Loans | 50,758,913 |
| TOTAL LOANS | 283,403,039 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,978,135 |
| Land And Building | 3,704,839 |
| Other Fixed Assets | 2,498,326 |
| NCUSIF Deposit | 3,729,646 |
| All Other Assets | 0 |
| TOTAL ASSETS | 434,466,739 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,300,694 |
| Accounts Payable & Other Liabilities | 4,238,905 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,969,699 |
| Regular shares | 151,488,021 |
| All Other Shares & Deposits | 167,731,578 |
| TOTAL SHARES & DEPOSITS | 388,189,298 |
| TOTAL LIABILITIES | 399,728,897 |
| Regular Reserve | 0 |
| Other Reserves | -10,000,839 |
| Undivided Earnings | 44,738,681 |
| TOTAL EQUITY | 34,737,842 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 434,466,739 |
| INCOME & EXPENSE | |
| Loan Income | 13,331,933 |
| Investment Income | 5,062,819 |
| Other Income | 1,387,138 |
| Total Employee Compensation & Benefits | 7,852,219 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,587,781 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 211,302 |
| Cost of Funds | 4,543,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,957,717 |
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