Sep, 30, 2025 — CARTER FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGHILL, LA with 14 branch locations and about $743.14 million in total assets. Opened 72 years ago in 1954, CARTER FEDERAL CREDIT UNION has about 34,797 members and employs 120 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CARTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 133 S Main St SPRINGHILL, LA 71075 |
| Phone: | (318) 539-4655 |
| Fax: | (318) 539-5104 |
| Website: | https://www.cartercu.org |
| Branches: | 14 branch locations |
| Members: | 34,797 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9164 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $743,143,082 |
| CEO/Manager: | Joe Arnold |
| Chairperson: | Joyce Butler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 91,105,908 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 343,170,552 |
| Unsecured Loans | 57,929,313 |
| Other Loans | 177,573,035 |
| TOTAL LOANS | 579,103,999 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,669,115 |
| Land And Building | 20,519,742 |
| Other Fixed Assets | 7,038,251 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,603,506 |
| All Other Assets | 149,369 |
| TOTAL ASSETS | 743,143,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 91,641 |
| Notes & Interest Payable | 107,020,714 |
| Accounts Payable & Other Liabilities | 8,773,412 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 21,250,000 |
| Share Drafts | 61,274,208 |
| Regular shares | 103,119,532 |
| All Other Shares & Deposits | 395,374,051 |
| TOTAL SHARES & DEPOSITS | 559,767,790 |
| TOTAL LIABILITIES | 697,080,188 |
| Regular Reserve | 0 |
| Other Reserves | 4,789,305 |
| Undivided Earnings | 41,273,589 |
| TOTAL EQUITY | 46,062,894 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 743,143,082 |
| INCOME & EXPENSE | |
| Loan Income | 28,149,726 |
| Investment Income | 3,445,595 |
| Other Income | 4,492,680 |
| Total Employee Compensation & Benefits | 7,474,334 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,909,520 |
| Non-operating Income & (Expense) | 497,153 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,181,909 |
| Cost of Funds | 15,531,877 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,058,244 |
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