Jun, 30, 2024 — CARTER FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGHILL, LA with 9 branch locations and about $663.69 million in total assets. Opened 71 years ago in 1954, CARTER FEDERAL CREDIT UNION has about 51,221 members and employs 136 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: | 9 branch locations |
| Members: | 51,221 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $663,689,841 |
| CEO/Manager: | Joe Arnold |
| Chairperson: | Joyce Butler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 57,403,541 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 279,430,018 |
| Unsecured Loans | 58,557,822 |
| Other Loans | 196,935,339 |
| TOTAL LOANS | 535,051,402 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,687,548 |
| Land And Building | 21,065,350 |
| Other Fixed Assets | 6,444,139 |
| NCUSIF Deposit | 3,854,592 |
| All Other Assets | 196,075 |
| TOTAL ASSETS | 663,689,841 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 82,329,755 |
| Accounts Payable & Other Liabilities | 10,846,112 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 19,750,000 |
| Share Drafts | 66,412,884 |
| Regular shares | 134,015,179 |
| All Other Shares & Deposits | 308,846,020 |
| TOTAL SHARES & DEPOSITS | 509,274,083 |
| TOTAL LIABILITIES | 622,199,950 |
| Regular Reserve | 0 |
| Other Reserves | 3,702,834 |
| Undivided Earnings | 37,787,057 |
| TOTAL EQUITY | 41,489,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 663,689,841 |
| INCOME & EXPENSE | |
| Loan Income | 17,415,818 |
| Investment Income | 671,908 |
| Other Income | 3,810,714 |
| Total Employee Compensation & Benefits | 7,324,862 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,561,786 |
| Non-operating Income & (Expense) | 716,167 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,700,000 |
| Cost of Funds | 5,015,283 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,971,161 |
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