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CENTRIC FEDERAL CREDIT UNION

Jun, 30, 2021 — CENTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in West Monroe, LA with 6 branch locations and about $270.09 million in total assets. Opened 84 years ago in 1937, CENTRIC FEDERAL CREDIT UNION has about 32,449 members and employs 99 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 111193550
Name:CENTRIC FEDERAL CREDIT UNION
Address:
(Main Office)
213 Expo Cir
West Monroe, LA 71292-9414
Phone:(318) 340-9656
Fax:(318) 323-1517
Website:http://www.mycentric.org
Branches:6 branch locations
Members:32,449
Credit Union Type:Federal Credit Union
Charter Number:1982
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$270,090,505
CEO/Manager:Christopher L Craighead
Chairperson:Joseph R Phillips

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 40,163,929
TOTAL INVESTMENTS 12,656,990
Loans Held for Sale 0
 
 Real Estate Loans 63,346,977
 Unsecured Loans 13,985,155
 Other Loans 121,731,266
 TOTAL LOANS 199,063,398
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,650,190
 Land And Building 8,852,767
 Other Fixed Assets 1,110,312
 NCUSIF Deposit 2,096,828
 All Other Assets 8,796,471
  TOTAL ASSETS 270,090,505
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 3,807,876
 Accounts Payable & Other Liabilities 4,262,782
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 52,714,905
 Regular shares 109,228,023
 All Other Shares & Deposits 72,045,202
  TOTAL SHARES & DEPOSITS 233,988,130
  TOTAL LIABILITIES 242,058,788
 Regular Reserve 1,855,896
 Other Reserves 1,394,099
 Undivided Earnings 24,781,722
  TOTAL EQUITY 28,031,717
  TOTAL LIABILITIES, SHARES, & EQUITY 270,090,505
INCOME & EXPENSE  
 Loan Income 6,362,374
 Investment Income 59,996
 Other Income 2,659,008
 Total Employee Compensation & Benefits 3,720,435
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,931,267
 Non-operating Income & (Expense) 276,665
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -369,740
 Cost of Funds 777,743
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,184,227
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