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CENTRIC FEDERAL CREDIT UNION

Mar, 31, 2022 — CENTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 8 branch locations and about $306.71 million in total assets. Opened 85 years ago in 1937, CENTRIC FEDERAL CREDIT UNION has about 36,362 members and employs 101 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:8 branch locations
Members:36,362
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$306,711,195
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 50,733,038
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 82,762,926
 Unsecured Loans 12,326,833
 Other Loans 130,148,105
 TOTAL LOANS 225,237,864
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,950,812
 Land And Building 11,071,769
 Other Fixed Assets 1,219,683
 NCUSIF Deposit 2,359,624
 All Other Assets 100,095
  TOTAL ASSETS 306,711,195
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 96,850
 Accounts Payable & Other Liabilities 4,224,632
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 61,156,263
 Regular shares 126,841,412
 All Other Shares & Deposits 79,526,379
  TOTAL SHARES & DEPOSITS 267,524,054
  TOTAL LIABILITIES 271,845,536
 Regular Reserve 0
 Other Reserves 2,107,764
 Undivided Earnings 32,757,895
  TOTAL EQUITY 34,865,659
  TOTAL LIABILITIES, SHARES, & EQUITY 306,711,195
INCOME & EXPENSE  
 Loan Income 3,434,798
 Investment Income 44,903
 Other Income 1,419,016
 Total Employee Compensation & Benefits 1,945,264
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,134,771
 Non-operating Income & (Expense) -6,514
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 371,096
 Cost of Funds 350,367
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,376,714
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