Dec, 31, 2023 — CENTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 8 branch locations and about $367.97 million in total assets. Opened 87 years ago in 1937, CENTRIC FEDERAL CREDIT UNION has about 42,166 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRIC FEDERAL CREDIT UNION |
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Address: (Main Office) | 213 Expo Cir WEST MONROE, LA 71292-9414 |
Phone: | (318) 340-9656 |
Fax: | (318) 323-1517 |
Website: | https://www.mycentric.org |
Branches: | 8 branch locations |
Members: | 42,166 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1982 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $367,970,651 |
CEO/Manager: | Troyce R Parker |
Chairperson: | Joseph R Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 41,957,660 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 106,763,955 |
Unsecured Loans | 15,534,433 |
Other Loans | 169,468,827 |
TOTAL LOANS | 291,767,215 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,357,100 |
Land And Building | 16,169,686 |
Other Fixed Assets | 1,048,906 |
NCUSIF Deposit | 2,753,129 |
All Other Assets | 26,300 |
TOTAL ASSETS | 367,970,651 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,332,616 |
Accounts Payable & Other Liabilities | 9,054,377 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 4,900,000 |
Share Drafts | 55,580,764 |
Regular shares | 108,340,045 |
All Other Shares & Deposits | 146,272,572 |
TOTAL SHARES & DEPOSITS | 310,193,381 |
TOTAL LIABILITIES | 325,480,374 |
Regular Reserve | 0 |
Other Reserves | 1,774,306 |
Undivided Earnings | 40,715,971 |
TOTAL EQUITY | 42,490,277 |
TOTAL LIABILITIES, SHARES, & EQUITY | 367,970,651 |
INCOME & EXPENSE | |
Loan Income | 17,780,587 |
Investment Income | 1,770,578 |
Other Income | 6,067,715 |
Total Employee Compensation & Benefits | 8,018,030 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,288,470 |
Non-operating Income & (Expense) | 655,374 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,801,026 |
Cost of Funds | 6,011,326 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,602,269 |
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