Sep, 30, 2025 — CENT CREDIT UNION is a federally insured state chartered credit union headquartered in MASON CITY, IA with 4 branch locations and about $167.75 million in total assets. Opened 61 years ago in 1965, CENT CREDIT UNION has about 11,517 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 W State ST MASON CITY, IA 50401-3219 |
| Phone: | (641) 424-2368 |
| Fax: | (641) 201-8000 |
| Website: | https://www.centcu.org |
| Branches: | 4 branch locations |
| Members: | 11,517 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65238 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $167,752,254 |
| CEO/Manager: | Matthew R Chizek |
| Chairperson: | William Basler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,076,745 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 83,187,295 |
| Unsecured Loans | 590,164 |
| Other Loans | 43,700,439 |
| TOTAL LOANS | 127,477,900 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -342,223 |
| Land And Building | 2,422,979 |
| Other Fixed Assets | 808,892 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,434,817 |
| All Other Assets | 40,172 |
| TOTAL ASSETS | 167,752,254 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 704,038 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,176,158 |
| Regular shares | 45,718,320 |
| All Other Shares & Deposits | 76,019,295 |
| TOTAL SHARES & DEPOSITS | 146,913,773 |
| TOTAL LIABILITIES | 147,617,811 |
| Regular Reserve | 0 |
| Other Reserves | 8,309,619 |
| Undivided Earnings | 11,824,824 |
| TOTAL EQUITY | 20,134,443 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 167,752,254 |
| INCOME & EXPENSE | |
| Loan Income | 5,270,843 |
| Investment Income | 1,255,511 |
| Other Income | 605,990 |
| Total Employee Compensation & Benefits | 2,525,803 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,699,988 |
| Non-operating Income & (Expense) | -33,413 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,375,512 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 861,046 |
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