Dec, 31, 2023 — CARTER FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGHILL, LA with 10 branch locations and about $721.54 million in total assets. Opened 70 years ago in 1954, CARTER FEDERAL CREDIT UNION has about 34,633 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 |
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Address: (Main Office) | 133 S Main St SPRINGHILL, LA 71075 |
Phone: | (318) 539-4655 |
Fax: | (318) 539-5104 |
Website: | https://www.cartercu.org |
Branches: | 10 branch locations |
Members: | 34,633 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9164 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $721,538,708 |
CEO/Manager: | Joe Arnold |
Chairperson: | Joyce Butler |
ASSETS: | $ Amount |
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Cash & Equivalents | 80,169,680 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 305,347,236 |
Unsecured Loans | 49,017,983 |
Other Loans | 203,053,563 |
TOTAL LOANS | 557,866,123 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,543,016 |
Land And Building | 21,479,086 |
Other Fixed Assets | 5,033,979 |
NCUSIF Deposit | 4,930,473 |
All Other Assets | 183,386 |
TOTAL ASSETS | 721,538,708 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 158,879 |
Notes & Interest Payable | 105,794,667 |
Accounts Payable & Other Liabilities | 7,080,204 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 19,750,000 |
Share Drafts | 62,741,742 |
Regular shares | 111,456,873 |
All Other Shares & Deposits | 368,889,951 |
TOTAL SHARES & DEPOSITS | 543,088,565 |
TOTAL LIABILITIES | 675,987,037 |
Regular Reserve | 0 |
Other Reserves | 4,245,700 |
Undivided Earnings | 41,305,971 |
TOTAL EQUITY | 45,551,671 |
TOTAL LIABILITIES, SHARES, & EQUITY | 721,538,708 |
INCOME & EXPENSE | |
Loan Income | 30,482,601 |
Investment Income | 4,611,932 |
Other Income | 6,148,703 |
Total Employee Compensation & Benefits | 10,080,770 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,164,881 |
Non-operating Income & (Expense) | 2,225,696 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,541,924 |
Cost of Funds | 14,727,078 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,327,665 |
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