Sep, 30, 2022 — CENCAP FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 3 branch locations and about $43.27 million in total assets. Opened 73 years ago in 1950, CENCAP FEDERAL CREDIT UNION has about 9,305 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENCAP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 443 FRANKLIN AVE HARTFORD, CT 06114 |
| Phone: | (860) 722-8110 |
| Fax: | (860) 296-8981 |
| Website: | https://www.cencap.com |
| Branches: | 3 branch locations |
| Members: | 9,305 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6733 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,270,622 |
| CEO/Manager: | Erika Brown |
| Chairperson: | Ken Kennedy, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,281,680 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,022,657 |
| Unsecured Loans | 8,084,206 |
| Other Loans | 12,300,111 |
| TOTAL LOANS | 26,406,974 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -294,236 |
| Land And Building | 413,711 |
| Other Fixed Assets | 212,770 |
| NCUSIF Deposit | 413,766 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,270,622 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,739 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,463,603 |
| Regular shares | 20,462,544 |
| All Other Shares & Deposits | 12,283,057 |
| TOTAL SHARES & DEPOSITS | 40,209,204 |
| TOTAL LIABILITIES | 40,276,943 |
| Regular Reserve | 0 |
| Other Reserves | 977,559 |
| Undivided Earnings | 2,016,120 |
| TOTAL EQUITY | 2,993,679 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,270,622 |
| INCOME & EXPENSE | |
| Loan Income | 1,306,413 |
| Investment Income | 75,942 |
| Other Income | 625,299 |
| Total Employee Compensation & Benefits | 1,042,698 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 957,280 |
| Non-operating Income & (Expense) | -1,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -152,832 |
| Cost of Funds | 41,330 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 350,668 |
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