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National Credit Union Service Organization

CENTRAL ONE FEDERAL CREDIT UNION

Mar, 31, 2022 — CENTRAL ONE FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 8 branch locations and about $739.62 million in total assets. Opened 70 years ago in 1952, CENTRAL ONE FEDERAL CREDIT UNION has about 37,176 members and employs 128 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: 211387169
Name:CENTRAL ONE FEDERAL CREDIT UNION
Address:
(Main Office)
714 Main St
SHREWSBURY, MA 01545
Phone:(508) 842-7400
Fax:(508) 841-0591
Website:http://www.centralfcu.com
Branches:8 branch locations
Members:37,176
Credit Union Type:Federal Credit Union
Charter Number:8218
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$739,615,487
CEO/Manager:David A L'Ecuyer
Chairperson:Robert H McLaren

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 62,714,259
TOTAL INVESTMENTS 0
Loans Held for Sale 400,000
 
 Real Estate Loans 438,260,894
 Unsecured Loans 23,618,002
 Other Loans 64,438,468
 TOTAL LOANS 526,317,364
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,425,411
 Land And Building 18,301,287
 Other Fixed Assets 2,144,166
 NCUSIF Deposit 5,910,877
 All Other Assets 0
  TOTAL ASSETS 739,615,487
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 19,223,263
 Accounts Payable & Other Liabilities 1,926,522
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 162,323,997
 Regular shares 146,834,933
 All Other Shares & Deposits 348,347,997
  TOTAL SHARES & DEPOSITS 657,506,927
  TOTAL LIABILITIES 678,656,712
 Regular Reserve 0
 Other Reserves -2,085,542
 Undivided Earnings 63,044,317
  TOTAL EQUITY 60,958,775
  TOTAL LIABILITIES, SHARES, & EQUITY 739,615,487
INCOME & EXPENSE  
 Loan Income 4,658,376
 Investment Income 298,282
 Other Income 658,401
 Total Employee Compensation & Benefits 2,548,462
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,848,856
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,286
 Cost of Funds 651,929
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,031,473
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