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National Credit Union Service Organization

CENTRAL ONE FEDERAL CREDIT UNION

Jun, 30, 2021 — CENTRAL ONE FEDERAL CREDIT UNION is a federal credit union headquartered in Shrewsbury, MA with 8 branch locations and about $701.07 million in total assets. Opened 69 years ago in 1952, CENTRAL ONE FEDERAL CREDIT UNION has about 35,670 members and employs 118 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:35,670
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$701,069,583
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 80,294,517
TOTAL INVESTMENTS 65,639,435
Loans Held for Sale 1,122,269
 
 Real Estate Loans 428,977,193
 Unsecured Loans 26,957,273
 Other Loans 66,146,847
 TOTAL LOANS 522,081,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,457,450
 Land And Building 17,737,507
 Other Fixed Assets 2,099,850
 NCUSIF Deposit 5,498,158
 All Other Assets 8,053,984
  TOTAL ASSETS 701,069,583
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 19,222,485
 Accounts Payable & Other Liabilities 5,530,547
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 150,512,504
 Regular shares 122,709,159
 All Other Shares & Deposits 348,538,476
  TOTAL SHARES & DEPOSITS 621,760,139
  TOTAL LIABILITIES 646,513,171
 Regular Reserve 4,981,780
 Other Reserves -5,335,299
 Undivided Earnings 54,909,931
  TOTAL EQUITY 54,556,412
  TOTAL LIABILITIES, SHARES, & EQUITY 701,069,583
INCOME & EXPENSE  
 Loan Income 9,551,630
 Investment Income 299,164
 Other Income 1,245,920
 Total Employee Compensation & Benefits 5,563,096
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,405,714
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,242
 Cost of Funds 1,772,478
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,431,177
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